Acme Solar Holdings Limited has informed the Exchange regarding Board meeting held on August 27, 2025.
ACMESOLAR · price
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The Board of Acme Solar Holdings met on August 27, 2025 and approved several key items. It appointed M/s A Prasad & Associates as a new Joint Statutory Auditor (replacing the retiring S. Tekriwal & Associates) for a 5-year term until the 15th AGM in 2030. It also appointed M/s DMK Associates as Secretarial Auditors for five years from April 2025 to March 2030. Mr. Shashi Shekhar (former IAS officer) was re-appointed as Vice-Chairman and Whole-Time Director for one year starting April 9, 2026. Most significantly, 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 Annual General Meeting is scheduled for September 29, 2025.
The Rs. 3,000 crore fund-raising plan is the biggest takeaway and could lead to equity dilution for existing shareholders once executed, though it signals growth capital deployment for the solar business. The auditor and director changes are routine governance items and unlikely to move the stock materially on their own.