ACME Solar Holdings Limited has accepted the resignation of Rishi Kumar Mishra from the position of Senior Vice President–Research and Development, effective from the close of business hours on June 25, 2026. The company confirmed that Mishra, who was designated as a Senior Management Personnel (SMP), is leaving to pursue external career opportunities. The management acknowledged his significant contributions to advancing strategic priorities and strengthening operations within his domain.

The disclosure was made to BSE Limited and the National Stock Exchange of India Ltd in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the details of the change in senior management personnel.

Details of Cessation

The specific particulars regarding the change in personnel were outlined in the filing submitted by Rajesh Sodhi, Company Secretary and Compliance Officer.

The resignation letter, originally tendered on March 3, 2026, requested a mutually agreed-upon date for relief. Mishra expressed his commitment to ensuring a smooth handover of responsibilities during the transition period and thanked colleagues for their support during his tenure.

ACME Solar Holdings Limited shareholders have approved amendments to the ACME Employee Stock Option Plan 2024 and the grant of options to employees of subsidiary and holding companies. The resolutions were passed through a remote e-voting process that concluded on June 12, 2026. Both special resolutions received the requisite majority, enabling the company to modify its employee compensation structure.

The postal ballot process was conducted in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The e-voting facility was provided by KFin Technologies Limited, with the voting period commencing on May 14, 2026, and concluding on June 12, 2026. A total of 1,58,274 shareholders were eligible to vote on the resolutions.

Voting Results

The first resolution sought amendments to the ACME Employee Stock Option Plan 2024. The proposal received strong support from the promoter group and public institutions, securing 98.51% of the total valid votes cast. Public non-institutions also supported the resolution with 77.29% of their votes in favour. The detailed voting pattern is outlined below.

Grant of Options to Subsidiaries

The second resolution concerned the grant of options to employees of subsidiary and holding companies under the ESOP plan. This resolution also passed with a significant majority, garnering 94.66% of the total valid votes. While the promoter group voted entirely in favour, public institutions showed a split with 58.21% voting against the proposal.

The scrutinizer's report, submitted by DMK Associates, confirmed that the votes cast in favour of both resolutions were more than three times the votes cast against them. Consequently, the resolutions were deemed to have been passed as special resolutions on June 12, 2026. The electronic voting data is currently under the safe custody of the scrutinizer until the minutes are approved by the Chairman.