Investor Presentaiton

Strengthened Corporate Governance Mr. Sunil Gupta, experienced business leader with a strong international track record of building renewable energy businesses; joined as the CEO, effective July 10, 2023. ⚫Mr. Sugata Sircar appointed as Group CFO and as Executive Director, Finance of Azure Power India Private Limited (APIPL) effective May 1, 2023. Mr. Sircar has over thirty-two years of experience in various industries as CFO; he was CFO of Schneider Electric's businesses in India and neighboring countries. Strong Management Team in place Management Assurance Services Function('MAS') created •MAS function created to ensure a robust governance and control framework and to ensure compliance to operating controls through process monitoring and internal audits.. •Appointed Mr. Vijay Kumar Wadhwani as MAS Head. He has, over 22 years of experience in large firms and companies, in Controls, Governance, Audit and Financial Reporting. •ASA & Associates LLP appointed to audit U.S. GAAP consolidated financial statements •Appointed MSKA & Associates (BDO International member firm), statutory auditor of APIPL, also made auditor of certain subsidiary companies of APIPL New Independent Auditors Bolstering ERM and Internal Control Framework 3 | Copyright © 2023 Azure Power | www.azurepower.com • • Enterprise Risk Assessment framework revamped and implemented with deep engagement of business leaders. SOPS, Segregation of Duties, Control documentation and Testing among several measures being implemented. Azure Power

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