ACME Solar Holdings board approved a scheme of amalgamation involving three wholly owned subsidiaries on September 18, 2026. The move aims to simplify the corporate structure and reduce administrative costs.

The board meeting, held in Gurugram, considered the merger of ACME Pokhran Solar Private Limited, ACME Sikar Solar Private Limited, and ACME Eco Clean Energy Private Limited into the listed parent company. The transaction falls under Sections 230–232 of the Companies Act, 2013.

Transaction Structure

The amalgamation involves direct and indirect wholly owned subsidiaries. Since the transferor companies are wholly owned by the transferee, no new shares will be issued. Existing equity shares held by the parent company in these subsidiaries will be cancelled and extinguished upon the scheme becoming effective.

There is no cash or share consideration involved in the deal. Consequently, there will be no change in the shareholding pattern of the listed entity.

Financial Overview of Entities

The financial position of the entities involved as on March 31, 2026, is detailed below. The data highlights the scale of assets being consolidated into the main balance sheet.

Strategic Rationale

The company cited several operational benefits for the consolidation:

• Simplified Structure: Consolidating renewable energy assets under one entity provides greater operational visibility.
• Cost Efficiencies: Eliminating duplication in corporate, secretarial, tax, and audit compliance reduces administrative overhead.
• Cash Flow Optimization: Unified management of project cash flows may facilitate better access to debt financing on favorable terms.
• Reduced Inter-company Transactions: The merger eliminates cross-charges, guarantees, and unrealized gains between group entities.

What the Numbers Show

The financial data reveals a divergence in profitability among the subsidiaries being merged. While ACME Sikar Solar contributed positive net profit of ₹185.95 million, both ACME Pokhran Solar and ACME Eco Clean Energy reported losses of ₹53.11 million and ₹94.09 million respectively. Consolidating these entities allows the parent company to absorb these project-level variances directly, potentially streamlining the reporting of net group performance against its larger turnover base of ₹39,109.50 million.

Regulatory Compliance

The transaction is exempt from related-party transaction requirements under Section 188 of the Companies Act, 2013, as per Ministry of Corporate Affairs circulars. It is also exempt from specific SEBI Listing Regulations provisions regarding related-party transactions due to the wholly-owned nature of the subsidiaries.

The company has hosted the intimation on its website and notified the stock exchanges pursuant to Regulation 30 of the SEBI Listing Regulations.

ACME Solar Holdings commissioned Phase-II of its 52.32 MW battery energy storage system (BESS) project in Rajasthan on September 17, 2026. The facility, located in Bikaner district, marks a significant milestone in the company’s renewable energy infrastructure rollout.

The commercial operation date for this phase is set for September 19, 2026. This development follows an earlier intimation issued by the company on September 14, 2026.

Project Details

The commissioning was executed through wholly owned subsidiary ACME Greentech Seventh Private Limited. The Phase-II component adds 52.32 MW of power capacity and 209.28 MWh of discharge capacity to the FDRE Project.

With this addition, ACME Greentech Seventh Private Limited has achieved a cumulative commissioned capacity of 105.95 MW / 423.80 MWh for the BESS component.

Commercial Framework

A power purchase agreement (PPA) for the project has been signed with SJVN Limited. The project is supported by long-term financing from REC. ACME Solar expects to commission the entire BESS capacity for this project by Q3 of the current fiscal year.

This disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.