Acme Solar Holdings Limited has informed the Exchange about Incorporation
ACMESOLAR · price
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Acme Solar Holdings Limited has incorporated a new wholly owned subsidiary called ACME Greentech Eighteen Private Limited on January 1, 2026, based in Gurugram, Haryana. The new entity will operate in the power generation and renewable energy sector, focusing on developing, setting up, and running renewable energy projects. Acme Solar has subscribed to 100% of the initial share capital (10,000 equity shares of Rs. 10 face value, totalling Rs. 1 lakh) entirely in cash. The subsidiary is a clean corporate structure with no third-party involvement at this stage.
This is a routine subsidiary incorporation with very small initial capital (Rs. 1 lakh), typically a Special Purpose Vehicle (SPV) for future renewable energy projects. No immediate material impact on shareholders, but it signals continued business expansion in the solar/renewable energy space.