ACME Solar Holdings Ltd

ACME Solar Holdings Limited informed the BSE Limited and National Stock Exchange of India Ltd. that there was no deviation or variation in the utilization of the Rs 2800 crore raised through a Qualified Institutions Placement on June 4, 2026, according to a filing on July 29, 2026.

Acme has deployed a significant portion of the Rs 1,725.09 crore raised through a Qualified Institutional Placement, primarily placing Rs 1,725.09 crore in fixed deposits with YES Bank, AXIS Bank, IndusInd Bank, and CSB Bank. An additional Rs 660 crore has been invested in three wholly-owned subsidiaries: Acme Sigma Urja Pvt. Ltd., Acme Marigold Urja Pvt Ltd., and Acme Greentech Fourth Pvt Ltd. The report, which tracks the utilization of funds, notes that the planned completion dates for debt repayment and general corporate purposes are March 31, 2028, and implementation remains ongoing. The Monitoring Agency compiling the report emphasizes that it relied on information provided by Acme and third-party sources and does not assume legal liability or fiduciary duty, also disclosing potential commercial relationships with the company.

Acme Solar Holdings Limited reported total revenue of Rs 954 crore for the quarter ended June 30, 2026, a 63.3% increase year-on-year, alongside an Rs 831 crore EBITDA, up 56.5% year-on-year, and a profit after tax of Rs 235 crore, up 79.9% year-on-year. The company achieved a quarterly capacity utilization factor of 30.9%, commissioned approximately 2.3 GWh of battery energy storage systems (BESS), bringing the total commissioned BESS capacity to approximately 3.62 GWh, and signed power purchase agreements (PPAs) for 600 MW of firm and dispatchable renewable energy/hybrid projects with SECI, increasing the total UC PPA signed capacity to 3,880 MW.

Net profit of ACME Solar Holdings rose 79.87% to Rs 235.33 crore in the quarter ended June 2026 as against Rs 130.83 crore during the previous quarter ended June 2025. Sales rose 67.81% to Rs 857.48 crore in the quarter ended June 2026 as against Rs 510.98 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales857.48510.98 68 OPM %85.6389.59 - PBDT486.26297.85 63 PBT331.46190.30 74 NP235.33130.83 80 Powered by Capital Market - Live

The funding has been raised through subsidiary ACME Urja One (Phase-III) for the development and construction of the project. PFC will be the sole lender, with the loan carrying a repayment tenure of 19 years. With this transaction, ACME Solar has raised Rs 6,051 crore in project funding during the current financial year. The project has a 25-year power purchase agreement (PPA) with NHPC, with a tariff of Rs 4.33 per unit. The tariff has already been approved and adopted by the central and state regulators. The FDRE project integrates solar, wind and battery energy storage system (BESS) technologies to provide a more reliable and dispatchable renewable power supply. It is being developed across Jaisalmer, Rajasthan, and Devbhumi Dwarka, Gujarat, where land and grid connectivity are already in place. The company said the project is progressing as scheduled and is expected to be commissioned next year. ACME Solar is an integrated renewable energy company with a diversified portfolio of 8,070 MW spanning solar, wind, hybrid, storage and FDRE projects. It has an operational contracted capacity of 2,990 MW, around 3.62 GWh of BESS capacity, and 5,080 MW of contracted capacity under construction. On a consolidated basis, ACME Solar Holdings' net profit rose 12.94% to Rs 139.32 crore while net sales rose 12.50% to Rs 547.77 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

ACME Solar Holdings (ACME Solar) has secured Rs 3,404.57 crore long-term project funding for its ACME Urja One (Phase ' III) 250 MW FDRE project from Power Finance Corporation (PFC) for the development & construction of the project. PFC will serve as the sole financer for this project with a repayment tenor of 19 years. The current funding milestone takes the overall project funding raised by the company during this fiscal to Rs 6,051 crore. The PPA for this project was signed with NHPC for a period of 25 years at a tariff of Rs 4.33/unit. The tariff is already approved and adopted by Central and State Regulator. The ACME Urja One (Phase-III) FDRE project combines multiple renewable energy technologies including Solar, Wind and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability. It spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat with necessary land and connectivity already in place. The development of this project is progressing on schedule and is expected to be commissioned next year.

The company said it has commissioned around 2.29 GWh of BESS capacity in the current financial year so far, taking its total operational BESS capacity to 3.62 GWh. It described the expansion as one of the fastest scale-ups of battery energy storage capacity in India. ACME Solar said the projects are expected to strengthen grid stability, support peak-hour electricity demand and facilitate the integration of round-the-clock renewable energy. Separately, the company provided an update on the fire incident at its ACME Suryodaya BESS facility in Pokhran, Rajasthan. The root cause analysis found that the incident was triggered by an electrical short circuit that caused a localized fire in the AC cables between the transformer and the power conversion system (PCS), leading to an equipment shutdown. The company said the fire did not damage other equipment at the site and was brought under control quickly. Restoration activities have since been completed, it added. ACME Solar has a diversified renewable energy portfolio of 8,070 MW spanning solar, wind, hybrid, storage and firm and dispatchable renewable energy (FDRE) projects. It currently has an operational contracted capacity of 2,990 MW and 3.62 GWh of battery energy storage capacity, with 5,080 MW of contracted capacity under construction. On a consolidated basis, ACME Solar Holdings' net profit rose 12.94% to Rs 139.32 crore while net sales rose 12.50% to Rs 547.77 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

ACME Solar Holdings, through its subsidiary ACME Renewtech Fifth Private, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by Central and State Regulator. The Hybrid RE Project will be connected to ISTS substations and will utilize company's already secured connectivity at high-irradiation and wind zones. Under the PPA, ACME Solar will supply power at a minimum annual capacity utilization factor (CUF) of 30%. With this, out of the total contracted portfolio of 8,070 MW, the PPA-signed portfolio stands at 6,870 MW.

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 29 July 2026.

ACME Solar has secured Rs 2,646.64 crore long term project funding for its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project from REC. The company will deploy these funds for the development & construction of this project. REC will serve as the sole financer for this project for 20 years. The PPA for this project was signed with SJVN at a tariff of INR 6.74/unit for a period of 25 years. The ACME Greentech Seventh Assured Peak Power Project combines multiple renewable energy technologies including Solar and Battery Energy Storage System (BESS) to meet the supply obligations and, ensures higher predictability and dispatchability.