Acme Solar Holdings Limited has informed the Exchange regarding Appointment of A Prasad & Associates as Other of the company w.e.f. April 01, 2025.
ACMESOLAR · price
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Acme Solar Holdings' board, at its meeting on August 27, 2025, approved multiple items. M/s A Prasad & Associates, Chartered Accountants, has been appointed as a Joint Statutory Auditor, replacing the retiring M/s S. Tekriwal & Associates, to serve from the 10th AGM until the 15th AGM in 2030. M/s DMK Associates has been appointed as Secretarial Auditor for five years from April 1, 2025 to March 31, 2030. Mr. Shashi Shekhar (former IAS officer) has been re-appointed as Vice-Chairman and Whole-Time Director for one year effective April 9, 2026. The board also approved a plan to raise up to Rs. 3,000 crores through equity or equity-linked instruments via QIP, FPO, private placement, or a combination, subject to shareholder approval. The 10th AGM is scheduled for September 29, 2025.
The Rs. 3,000 crore fund raise plan could lead to equity dilution for existing shareholders, though the actual timing and size of any issuance will depend on future needs and market conditions. The leadership continuity (re-appointment of the Vice-Chairman) and routine auditor changes are neutral and signal stable governance. The AGM date gives shareholders a clear window to vote on these proposals.