Incorporation of Wholly owned subsidiaries
ACMESOLAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ACME Solar Holdings Limited has incorporated 4 new wholly-owned subsidiaries named ACME Greentech Twenty Private Limited, ACME Greentech Twenty Two Private Limited, ACME Greentech Twenty Three Private Limited, and ACME Greentech Twenty Four Private Limited. All subsidiaries were incorporated on May 9, 2026, with their registered office in Gurugram, Haryana. Each WOS has been set up with an initial paid-up capital of Rs. 1,00,000 (10,000 equity shares at Rs. 10 each), fully subscribed by the parent company in cash. The subsidiaries will focus on developing, establishing, and operating power generation and renewable energy projects.
This is a routine corporate structuring announcement with no immediate financial impact on the listed entity. The incorporation of these WOSs suggests the company is creating separate legal entities to potentially house future renewable energy projects, which could support future growth but does not indicate any near-term revenue or order flow.