Acme Solar Holdings Limited has informed the Exchange about Incorporation
ACMESOLAR · price
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Acme Solar Holdings has incorporated a new wholly owned subsidiary named 'ACME Greentech Fifteen Private Limited' on January 1, 2026, based in Gurugram, Haryana. The subsidiary has been set up to undertake businesses related to the development, establishment, and operation of power generation and renewable energy projects. The initial paid-up share capital is Rs. 1,00,000, consisting of 10,000 equity shares of Rs. 10 each, fully subscribed by the parent company in cash. The new entity will operate in the renewable energy sector, aligning with Acme Solar's core business of solar power generation. No government or regulatory approvals were required for this incorporation.
This is a routine corporate action with negligible financial impact, as the initial capital is only Rs. 1 lakh. It signals Acme Solar's continued expansion in the renewable energy space, likely for setting up new solar or power projects, but does not materially affect existing shareholders in the short term.