ACME Solar Holdings Ltd

ACME Solar Holdings has elevated Yogesh Kumar Sanklecha as Head of Business Development and designated him as Senior Management Personnel of the Company with effect from 15 January 2026. In this role, he will be heading all Commercial functions of the Group. Yogesh Kumar Sanklecha is an MBA Gold Medallist and has been associated with the ACME Group for over 25 years, during which he has held several leadership positions across diverse functions and played a pivotal role in shaping the organisation's growth journey. Particularly at ACME Solar in the last few years, he has spearheaded multiple strategic initiatives and has been responsible for driving significant growth in the renewable business, reflecting his strong commercial acumen and deep understanding of the sector. In his new role as Head of Business Development and Commercial functions, Yogesh is expected to be a key enabler in advancing ACME Solar's ambitious growth charter to reach 10GW by 2030, while continuing to be responsible for end-to-end stakeholder management from bidding through to project commissioning as an integral member of the company's leadership team. Powered by Capital Market - Live

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

The key domestic indices traded with modest gains in mid-morning trade as the Nifty traded above the 26,250 mark. Market sentiment remained positive supported by optimism over strong monthly auto sales data and sustained buying interest. Realty stocks extended their rally for a third straight trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 358.64 points or 0.42% to 85,544.61. The Nifty 50 index climbed 108.45 points or 0.41% to 26,255. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index gained 0.67%. The market breadth was strong. On the BSE, 2,575 shares rose and 1,272 shares fell. A total of 203 shares were unchanged. Economy: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) ' a single-figure indicator of sector performance ' fell from 56.6 in November to 55.0 in December, signalling the weakest improvement in the health of the sector in two years. Amid a general lack of pressure on operating capacities, there was only a marginal increase in factory employment during December. Buzzing Index: The Nifty Realty index climbed 1.42% to 897.90. The index jumped 3.23% for the three consecutive trading sessions. Godrej Properties (up 2.31%), Oberoi Realty (up 1.95%), DLF (up 1.83%), Anant Raj (up 1.57%) and Sobha (up 1.5%), Phoenix Mills (up 1.27%), Lodha Developers (up 1.2%), Prestige Estates Projects (up 1.1%), SignatureGlobal India (up 0.21%) and Brigade Enterprises (up 0.09%) advanced. Stocks in Spotlight: ACME Solar Holdings rose 0.78%. The company announced the incorporation of a wholly owned subsidiary, ACME Greentech Eighteen, to strengthen its presence in the renewable energy segment. Remsons Industries rallied 3.89% after the company has secured a Rs 60-crore order from a leading domestic commercial vehicle (CV) OEM. Global Market: South Korea's Kospi hit a new record Friday as the Asia markets kicked off the new year on a positive trading note. Some Asian markets were still closed for the holidays, including Japan and mainland China. Meanwhile, Singapore's economy expanded 5.7% year-on-year for the fourth quarter, driven mainly by strong manufacturing growth in the three months through December. The latest reading is faster than the revised 4.3% growth in the previous quarter. On Wednesday, Prime Minister Lawrence Wong announced in his New Year message that the country had clocked a stronger-than-expected 4.8% expansion for the full year of 2025. U.S. stock futures were looking up in early Asian hours, with S&P futures up by 0.15% and Nasdaq-100 futures climbing 0.12%. Dow Jones Industrial Average futures were 0.16% higher. On Wednesday stateside, the S&P 500 dipped 0.74%, while the Nasdaq Composite fell 0.76% and the Dow Jones Industrial Average lost 0.63%.Powered by Capital Market - Live

The newly incorporated subsidiary will focus on the development, establishment, and operation of power generation and renewable energy projects. ACME Greentech Eighteen was incorporated on 1 January 2026 and has its registered office in Gurugram, Haryana, India. The company has subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, amounting to Rs 1 lakh, comprising 10,000 equity shares of face value Rs 10 each. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q2 September 2025. The counter rose 0.17% to Rs 238.15 on the BSE. Powered by Capital Market - Live

ACME Solar Holdings has incorporated a wholly owned subsidiary (WOS) namely 'ACME Greentech Eighteen'. The WOS has been incorporated with an objective to undertake businesses relating to development, establishment and operation of power generation and renewable energy projects. Powered by Capital Market - Live

ACME Solar Holdings has incorporated a wholly owned subsidiary (WOS) namely 'ACME Greentech Fifteen'. The WOS has been incorporated with an objective to undertake businesses relating to development, establishment and operation of power generation and renewable energy projects. Powered by Capital Market - Live

According to the company's exchange filing, ACME Greentech Nineteen was incorporated on 23 December 2025 and has its registered office in Gurugram, Haryana, India. The subsidiary has been incorporated with the objective of undertaking businesses related to the development, establishment, and operation of power generation and renewable energy projects. ACME Solar Holdings has subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, amounting to Rs 1 lakh, comprising 10,000 equity shares of face value Rs 10 each. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q2 September 2025. Powered by Capital Market - Live

The key equity benchmarks traded with decent gains in morning trade. The market showed resilience despite FII outflows and the Sensex's weekly derivatives expiry today. Market participants will closely monitoring rupee movement, FII activity, IPO-related developments, and global cues. The Nifty traded above the 26,200 level. Media shares extended their rally for a fourth consecutive session. At 10:25 ST, the barometer index, the S&P BSE Sensex jumped 133.24 points or 0.16% to 85,658.08. The Nifty 50 index advanced 46.55 points or 0.19% to 26,225.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index climbed 0.33% and the S&P BSE Small-Cap index added 0.23%. The market breadth was positive. On the BSE, 2,095 shares rose and 1,524 shares fell. A total of 206 shares were unchanged. The stock market will be closed tomorrow, 25 December 2025, on account of Christmas. Buzzing Index: The Nifty Media index jumped 0.65% to 1,422.75. The index rallied 2.12% in the four consecutive trading sessions. Nazara Technologies (up 3.15%), Prime Focus (up 2.23%), D B Corp (up 0.9%), Saregama India (up 0.78%), Zee Entertainment Enterprises (up 0.47%), PVR Inox (up 0.44%) and Tips Music (up 0.07%) advanced. Stocks in Spotlight: ACME Solar Holdings gained 1.10% after the company said it has received a Letter of Award from REMC to set up a 130 MW renewable energy Round-the-Clock (RTC) power project. Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) rose 0.52%. The company said that it has awarded a contract worth Rs 0360 crore to Toyo Engineering India for the supply of an Ammonium Nitrate-II plant on a LEPC (lump-sum engineering, procurement & construction) basis. RPP Infra Projects declined 2.15%. The company announced that it has received a Letter of Acceptance (LoA) worth Rs 66.25 crore from Indian Port Rail & Ropeway Corporation (IPRCL), a Government of India enterprise under the Ministry of Ports, Shipping & Waterways. Powered by Capital Market - Live

The company disclosed that the project has been awarded at a tariff of Rs 4.35 per unit for a period of 25 years. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects. The company's consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652.51% as against Rs 15.29 crore in Q2 FY25. Revenue from operations jumped 80.18% YoY to Rs 467.74 crore in Q2 September 2025. Powered by Capital Market - Live

ACME Solar Holdings (ACME Solar), through its various subsidiaries, has secured debt tie-up of INR 4,725 crore from leading Indian financial institutions to fund the construction of renewable energy projects and optimize its capital structure by reducing financing costs. The capital raise includes financing and refinancing for a tenor ranging from 18 to 20 years for the projects mentioned below: New Greenfield Financings: Rs 2,716 crore from Power Finance Corporation (PFC) for 300 MW ACME Sigma FDRE project (Renewable with four hours of battery storage) and First greenfield Project financing for Acme from National Bank for Financing Infrastructure Development (NaBFID) of Rs 800 crore from for 150 MW ACME Platinum Solar + ESS project (with two hours of battery storage with 50% availability). Both these projects have connectivity in place and are in advance stages of construction. Refinancing: Rs 1,209 crore secured from Yes Bank towards refinancing operational project of 300 MW ACME Sikar Solar project enabling reduction in cost of debt initially by 170 bps and eventually by 195 bps. This is first long-term refinancing from Yes Bank for ACME Solar. With this round of financing, in the current financial year company has secured ~Rs 10,590 crore of greenfield financing leading to overall debt tie up of more than 90% of PPA signed under construction projects. Further, company has refinanced debt of ~Rs 3,380 crore, achieving a ~135 bps rate reduction on refinanced debt and additional rate reduction of ~ 60 bps on ~ Rs 4,035 crore debt for other projects which includes two operational projects moving to fixed rate regime with existing lender. This initiative is consistent with the Company's long-term funding strategy to maintain a well-diversified and strategic mix of fixed and floating rate borrowings. Non-fund based limits- ACME Solar has also expanded Non-fund based limits from various Banks this year including ICICI Bank, Standard Chartered Bank, First Abu Dhabi Bank, EXIM Bank etc. These limits assist in reducing cost of debt through trade finance during construction stage of project.Powered by Capital Market - Live