Credit rating of ACME Platinum Urja Private Limited (Wholly owned Subsidiary)

ACME Solar Holdings Limited informed exchanges that ICRA Limited has assigned a rating of [ICRA]A-(Stable) to the Rs. 800 crore long-term fund-based term loan of its wholly owned subsidiary, ACME Platinum Urja Private Limited. This is a first-time rating assignment for the subsidiary, indicating a moderate level of creditworthiness with stable outlook. The rating is investment grade, suggesting the subsidiary has adequate capacity to meet its financial commitments. ACME Solar Holdings clarified this is a voluntary disclosure and not mandatory under SEBI regulations.