ACME Solar Holdings has scheduled its 11th annual general meeting (AGM) for September 29, 2026. The meeting aims to secure shareholder approval for strategic business expansions into data centres and power trading.

The board of directors met on September 1, 2026, to approve these matters. The company confirmed the dispatch of the Annual Report and AGM Notice via electronic mode to members registered as of August 28, 2026. Physical letters with access links were sent to members without registered email addresses, in compliance with SEBI Listing Regulations.

Strategic Expansion into Data Centres

The most significant agenda item is the proposed alteration to Clause III.(A) of the Memorandum of Association. The company seeks to add two new object clauses to enable entry into high-growth infrastructure sectors.

The first new clause permits the company to engage in generating, storing, transmitting, and distributing electricity. It also allows for trading in energy capacity and related products, as well as undertaking engineering, procurement, and construction activities for power infrastructure.

The second clause explicitly authorises the company to plan, develop, and operate data centres, colocation facilities, and cloud infrastructure. This includes dealing in associated hardware such as graphics processing units and servers, as well as providing cybersecurity and disaster recovery services.

Auditor Appointment and Governance

The board recommended the appointment of M/s. BSR & Co. LLP as joint statutory auditors. They will replace M/s. Walker Chandiok & Co. LLP, which is completing its final permissible consecutive term.

BSR & Co. LLP will serve a five-year term from the conclusion of the 11th AGM for FY25-26 until the conclusion of the 16th AGM for FY30-31. The firm, which has over 4,000 staff and 170 partners, audits several listed companies in the power and renewable energy sectors.

Additionally, the board recommended the re-appointment of Mr. Nikhil Dhingra as a director liable to retire by rotation at the ensuing AGM.

AGM Logistics

The 11th AGM will be held on Tuesday, September 29, 2026, at 3:00 pm through video conferencing or other audio-visual means. The cut-off date for determining voting eligibility is Wednesday, September 23, 2026.

Remote e-voting will be available from 9:00 am on Saturday, September 26, 2026, to 5:00 pm on Monday, September 28, 2026. National Securities Depository Limited (NSDL) has been appointed as the e-voting agency.

ACME Solar Holdings has filed its inaugural Business Responsibility and Sustainability Report (BRSR) for FY26, marking its first formal disclosure under SEBI’s updated sustainability regulations. The filing covers the company’s consolidated operations, which include a 2.9 GW operational renewable energy portfolio as of March 31, 2026.

Grant Thornton Bharat LLP provided reasonable assurance on the report’s core indicators, including energy and water footprints, greenhouse gas emissions, and waste management data. The assurance confirms that the identified sustainability information is prepared in all material respects in accordance with SEBI’s BRSR Core Reporting Standard.

Operational Scale and Financial Context

The disclosures relate to a consolidated entity with a paid-up capital of ₹121.2 crore. The company reported a turnover of ₹2,507.08 crore and a net worth of ₹5,060.17 crore for the financial year. CSR obligations are applicable under Section 135 of the Companies Act, 2013.

The group operates 41 plants across India, serving markets in 11 states. Its customer base consists primarily of central and state government-owned entities, including SECI, NTPC, SJVN, NHPC, and state distribution companies (DISCOMs), under long-term Power Purchase Agreements.

Environmental Performance

ACME Solar reported total energy consumption of 85,032.81 GJ, sourced entirely from non-renewable sources for operational use, resulting in an energy intensity of 33.92 GJ per rupee of turnover. Water withdrawal totaled 45,267.78 kilolitres, with groundwater accounting for 16,876.13 kilolitres and third-party water contributing 28,391.65 kilolitres. The company maintains Zero Liquid Discharge (ZLD) across all sites.

Greenhouse gas emissions stood at 141.65 metric tonnes for Scope 1 and 16,433.73 metric tonnes for Scope 2. Scope 3 emissions were reported at 355,595.56 metric tonnes. Through its renewable generation, the company enabled the avoidance of approximately 4.53 million tCO2e emissions.

Social and Governance Metrics

The workforce comprises 955 employees and 399 workers. Women represent 5% of the employee base, against a target of at least 7% by 2030. The company reported zero fatalities and zero Lost Time Injury Frequency Rate (LTIFR) for both employees and workers during FY26.

Governance structures include a Corporate Social Responsibility and Sustainability Committee comprising two executive directors and one independent director. The company recorded no substantiated cases of human rights violations and zero complaints regarding sexual harassment or discrimination.

What the Numbers Show

A significant divergence exists between ACME Solar’s operational emissions and its value-chain footprint. While direct (Scope 1) and purchased energy (Scope 2) emissions remain minimal at roughly 16,575 metric tonnes combined, Scope 3 emissions dominate the carbon profile at over 355,000 metric tonnes. This concentration highlights that the primary environmental impact lies in upstream activities such as purchased goods, capital goods, and fuel-related activities, rather than day-to-day plant operations.