ACME Solar Holdings Ltd

ACME Solar Holdings has allotted 7,23,642 equity shares to ACME Employees Welfare Trust under ACME Employee Stock Option Plan 2024. Post allotment, the paid up equity share capital has increased to Rs. 1,41,37,48,672 divided into 70,68,74,336 equity shares of face value of Rs. 2 each.

This marked its first equity fund raise since its stock market debut in 2024. The renewable energy company said the issue attracted strong participation from a diversified group of domestic and global institutional investors. The investor roster included SBI Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others. Nippon India and HDFC group funds emerged as the largest allottees, each accounting for 20.54% of the issue size. SBI-managed schemes and insurance entities were allotted 18.39% of the issue, while ICICI Prudential funds received 8.39%, SBI Life Insurance was allotted 8.57%, and Kotak group funds accounted for 7.14%. The proceeds from the QIP will primarily be used to reduce debt and strengthen the company's balance sheet. ACME Solar Holdings is an integrated renewable energy company with an aggregated contracted capacity of 8,070 MW. The company develops, builds, owns, operates and maintains utility-scale renewable energy projects and generates long-term revenue through fixed-tariff power purchase agreements with central and state government-backed entities and other off-takers. The company's consolidated net profit jumped 12.93% to Rs 139.31 crore in Q4 FY26, compared with Rs 123.36 crore in Q4 FY25. Revenue from operations increased 12.52% YoY to Rs 547.85 crore in Q4 FY26. Powered by Capital Market - Live

ACME Solar Holdings (ACME Solar) has successfully concluded its Rs 2,800 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in 2024. The transaction garnered strong participation from a well-diversified mix of existing and new marquee investors, including leading domestic mutual funds, major insurance companies and foreign institutional investors including SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others.  The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.

The company's board authorized and declared the opening of the issue on Monday, 1 June 2026. The floor price of Rs 294.13 is at a discount of 4.16% to the scrip's previous closing price of Rs 306.90 on the BSE. The company may offer a discount of up to 5% on the floor price determined for the issue at its discretion. In a separate development, the company through its wholly owned subsidiary, ACME Sun Power, has commissioned 33.333 MW/160.512 MWh capacity of Battery Energy Storage System (BESS) project located at Village: Badi Sid, Rajasthan, on June 01, 2026. The commercial operation date (COD) for the project has been fixed as June 03, 2026. Following the latest commissioning ACME Sun Power has achieved a commissioned capacity of 266.669 MW / 1283.936 MWh. ACME Solar Holdings is an integrated renewable energy company with a diversified portfolio across solar, wind, storage, hybrid and firm and dispatchable renewable energy (FDRE) projects. Backed by in-house EPC and O&M capabilities, the company executes projects end-to-end, enabling timely delivery, cost efficiency and strong operating performance. The company's consolidated net profit jumped 12.93% to Rs 139.31 crore in Q4 FY26, compared with Rs 123.36 crore in Q4 FY25. Revenue from operations increased 12.52% YoY to Rs 547.85 crore in Q4 FY26. The counter hit all-time high at Rs 333.50 in intraday today.Powered by Capital Market - Live

ACME Solar Holdings (ACME Solar) through its subsidiary ACME Renewtech Sixth, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI), a AAA-rated Central Government enterprise, for 300 MW / 1,200 MWh ISTS-connected assured peak power capacity. This FDRE project will be connected to ISTS substations and will utilize ACME Solar's existing night-time connectivity available at high irradiation zones. Under the PPA, , ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%. The project was awarded to ACME Solar under SECI's FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02, 2026. With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.

Net profit of ACME Solar Holdings rose 12.94% to Rs 139.32 crore in the quarter ended March 2026 as against Rs 123.36 crore during the previous quarter ended March 2025. Sales rose 12.50% to Rs 547.77 crore in the quarter ended March 2026 as against Rs 486.89 crore during the previous quarter ended March 2025. For the full year,net profit rose 97.90% to Rs 498.92 crore in the year ended March 2026 as against Rs 252.11 crore during the previous year ended March 2025. Sales rose 43.97% to Rs 2022.96 crore in the year ended March 2026 as against Rs 1405.13 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales547.77486.89 13 2022.961405.13 44 OPM %87.4189.49 -88.0687.92 - PBDT298.42282.57 6 1142.05646.33 77 PBT175.62180.35 -3 674.14359.02 88 NP139.32123.36 13 498.92252.11 98 Powered by Capital Market - Live

The board of ACME Solar Holdings at its meeting held on 07 May 2026 has accepted the resignation of Rajat Kumar Singh from the position of Group Chief Financial Officer of the Company with effect from 08 May 2026. The board has approved the appointment of Arun Chopra as the Chief Financial Officer, designated as the Key Managerial Personnel and Senior Management Personnel with effect from 08 May 08 2026. Further, the board has took note of the elevation of existing senior management personnels, to non-board positions, Purushottam Kejriwal as Director-Project Finance and Ankit Verma as Director-Corporate Finance & Investor Relations.

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 7 May 2026.

The company said its cumulative operational BESS capacity now stands at 591.18 MW / 2,031.24 MWh across subsidiaries in the state. The projects are aimed at improving grid stability by storing power during off-peak periods and supplying it during peak demand. The company plans to scale up its BESS capacity to 10 GWh by 2027. ACME Solar has a total portfolio of 8,071 MW across solar, wind, storage and hybrid projects, with 2,990 MW operational and 5,081 MW under construction. The company's consolidated net profit rose 1.47% to Rs 113.71 crore on a 42.3% jump in net sales to Rs 496.62 crore in Q3 FY26 over Q3 FY25. Earlier this month, a foreign brokerage initiated coverage on ACME Solar Holdings with a 'Buy' rating and a target price of Rs 350. The brokerage said the company is well placed to benefit from a strong project pipeline, ongoing capacity expansion and improving earnings visibility as execution picks up. It also cited supportive policy measures and rising solar auction activity as key growth drivers, adding that the current valuation does not fully reflect the company's growth prospects or improving financial profile.

ACME Solar Holdings (ACME Solar) has cumulatively operationalized more than 2 GWh BESS capacity in Rajasthan. The company is among the first Indian renewable energy companies to achieve this scale of energy storage deployment. With this, the company's total operational BESS capacity cumulatively stands at 591.18 MW / 2031.24 MWh across various subsidiaries in Rajasthan. Overall, the company plans to operationalise 10 GWh of BESS by 2027. These BESS projects are designed to enhance grid reliability and optimise power utilisation by charging batteries during non-peak demand periods and discharging during peak demand periods. This capability will play a critical role in balancing energy supply and demand while improving the overall grid stability.