Azure Power Resolves Lawsuit, Maintains Strong Governance Focus

The settlement received preliminary approval from the Court on April 30, 2025, and has now been granted final approval. Pursuant to the settlement terms, the Company has already transferred the settlement amount of $ 23 Million into a designated escrow account established for this purpose. Azure Power remains firmly committed to upholding the highest standards of ethics, integrity, and regulatory compliance in all aspects of its business operations. The Company believes that this resolution will enable it to move forward with a focus on delivering sustainable energy solutions and creating long-term value for stakeholders.