Acme Solar Holdings Limited has informed the Exchange regarding Appointment of DMK Associates as Other of the company w.e.f. April 01, 2025.
ACMESOLAR · price
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Acme Solar's board, at its August 27, 2025 meeting, approved multiple items. It appointed M/s A Prasad & Associates as Joint Statutory Auditor for a 5-year term (till the 15th AGM in 2030), replacing the retiring M/s S. Tekriwal & Associates. M/s DMK Associates was appointed as Secretarial Auditor for 5 years starting April 1, 2025. The board also re-appointed Mr. Shashi Shekhar (former IAS officer) as Vice-Chairman and Whole-Time Director for 1 year effective April 9, 2026. Additionally, the board approved raising up to Rs 3,000 crore through equity shares or equity-linked instruments via QIP, FPO, or private placement, subject to shareholder approval. The 10th AGM is scheduled for September 29, 2025.
The Rs 3,000 crore fund-raising plan, if executed, may lead to equity dilution for existing shareholders depending on the mode and pricing. The auditor and director changes appear routine — the previous statutory auditor retired as part of normal rotation, and the director re-appointment signals continuity rather than disruption.