Feb. 2 at 4:05 PM
$AZREF has reached a settlement with investors over claims that the company misled the market by falsifying project data, hiding safety violations, and failing to maintain proper quality controls.
Who’s eligible?
Investors who purchased
$AZREF shares between June 15, 2021 and July 13, 2023.
What is this case about?
Shareholders allege Azure Power engaged in misconduct at a subsidiary, including manipulated project timelines, incomplete safety inspections, and weak internal controls — which were not properly disclosed to the market.
How much is the payout?
The payout per share is
$0.57 — but normally only ~25% of eligible investors file, the effective payout could increase to
$2.28.
Can I still file?
Yes — late claims are being considered for compensation, subject to approval.
What’s the settlement amount?
Azure Power agreed to pay
$23M in cash to resolve these claims.
When is the deadline?
Claims must be submitted by August 29, 2025.
To file your claim: https://11th.com/cases/azure-investor-settlement