Acme Solar Holdings Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary
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Acme Solar Holdings Limited has incorporated a new wholly owned subsidiary named 'ACME Greentech Twenty One Private Limited' on May 11, 2026. The WOS is domiciled in Gurugram, Haryana, India, and will operate in the power generation and renewable energy sector. The company subscribed 100% of the initial paid-up share capital by paying Rs. 1,00,000 in cash (10,000 equity shares at Rs. 10 face value each). The WOS is being set up to undertake development, establishment, and operation of renewable energy projects. No governmental or regulatory approvals were required for this incorporation.
The incorporation is a routine administrative and structural step. The Rs. 1 lakh initial investment is immaterial financially, but signals the company's intent to expand its renewable energy project pipeline through a new legal entity.