ACME Solar Holdings confirms no encumbrance on promoter shares in FY 2025-26
Manoj Kumar Upadhyay, promoter of ACME Solar Holdings, declared no encumbrance on promoter shares in FY 2025-26 under SEBI regulations. The filing lists 57 entities in the promoter group, including ACME Cleantech Solutions and ACME Green Hydrogen.

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Manoj Kumar Upadhyay, a promoter of acme solar holdings , has confirmed that no encumbrance was created on shares held by the promoter group during the financial year 2025-26. The declaration, submitted to BSE Limited and National Stock Exchange of India Ltd, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation covers shares held directly or indirectly by the promoters and Persons Acting in Concert (PAC).
The filing explicitly states that no new charges or liens were established on the promoter holdings during FY 2025-26, other than those previously disclosed to the exchanges. This disclosure is intended to inform the market and maintain transparency regarding the shareholding structure of the company. The declaration was signed by Manoj Kumar Upadhyay on April 07, 2026.
The list of promoters and the promoter group includes ACME Cleantech Solutions Private Limited, MKU Holdings Private Limited, and Upadhyay Family Trust. The promoter group comprises 57 entities, including various private limited companies and LLPs such as ACME Green Hydrogen and Chemicals Private Ltd, ACME CleanTech Ventures (UK) Private Limited, and ACME Global Green Hydrogen Private Limited.
Promoter and Promoter Group Details
| Category | Entity Name |
|---|---|
| Promoters | ACME Cleantech Solutions Private Limited |
| MKU Holdings Private Limited | |
| Manoj Kumar Upadhyay | |
| Mamta Upadhyay | |
| Upadhyay Family Trust | |
| Promoter Group | ACME Green Hydrogen and Chemicals Private Ltd |
| ACME CleanTech Ventures (UK) Private Limited | |
| ACME Global Green Hydrogen Private Limited | |
| ACME Clean Energy Private Limited | |
| ACME GreenTech Ventures Americas, Inc. |
The document notes that two individuals listed in the promoter group, Krishna Milan Upadhyay and Aum Upadhyay, are marked as deceased and minor respectively. The complete list of entities is provided in Annexure A of the filing.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.12% | +1.17% | +16.61% | +60.79% | +53.66% | +51.57% |
How will the clean status of promoter holdings impact Acme Solar's ability to raise fresh capital for green hydrogen projects?
What strategic shifts can be expected regarding the management of the 57 entities within the promoter group?
Will the company seek to consolidate the complex promoter group structure to improve corporate governance?































