Investor Presentation

Strong Governance and Disclosure Standards Home country regulatory requirements Only Indian Solar Independent Power Producer listed on NYSE Standards reinforced by listing requirements Strong Corporate Governance SEC & NYSE requirements that also require regular reporting Azure Power SGX-ST requirements requiring periodic reporting Azure Power R Compensation Committee ■ Assist the board in discharging matters related to compensation Key Committees Audit Committee ■ Prudently oversee the accounting and financial reporting process of the company ■ All directors are independent Nominating and Governance Committee ■ Review & make recommendations with respect to corporate governance ■ Conduct annual reviews of Board's Independence Whistle Blower Policy ■ Providing conducive environment to employees and directors for safe and secure reporting of unethical conduct Key Policies Anti Bribery and Corruption Policy ■Committed to conduct business ethically ■Compliance with United States of America's Foreign Corrupt Practices Act Code of Business Conduct and Ethics ■ Conducting the business with honesty, integrity and ethical behavior Corporate Social Responsibility Strong community partnerships ■Constantly working with communities for betterment For further details on policies, please refer to http://investors.azurepower.com/corporate-governance/governance-documents 11

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