Azure Power India seeks more time to file audited results

Azure Power India is seeking an extension from local banks to file audited results for FY22 in a move aimed at avoiding a breach of loan covenants, said two people aware of the matter.

The development comes within days of its parent company, Azure Power Global, receiving an extension from the New York Stock Exchange until mid-July to submit an audited report for FY22, averting a possible stock delisting.