ACME Solar Holdings Limited convened a Board of Directors meeting on May 07, 2026, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The joint statutory auditors, M/s. Walker Chandiok & Co. LLP and M/s A Prasad & Associates, issued an unmodified opinion on both the standalone and consolidated financial results. The board meeting commenced at 11:09 P.M. (IST) and concluded at 11:35 P.M. (IST). In conjunction with the results, the company also filed an Investor Presentation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting strong operational and financial performance for Q4 and the full year FY26.

Pursuant to Regulations 30 and 47 of the SEBI (LODR) Regulations, 2015, the company submitted copies of the newspaper advertisements pertaining to the Audited Financial Results for the quarter and financial year ended March 31, 2026. The results were published on Saturday, May 09, 2026, in the Financial Express (English) and Jansatta (Hindi). The financial results are available on the company's website at www.acmesolar.in .

Consolidated Financial Performance

ACME Solar Holdings delivered robust consolidated performance for the year ended March 31, 2026. Total Revenue grew to INR 2,507 Cr, up 59.2% year-on-year, while EBITDA rose 61.2% to INR 2,265 Cr, reflecting an EBITDA margin of 90.3%. PAT nearly doubled to INR 498 Cr, up 98.5% YoY, with a PAT margin of 19.9%. Cash PAT for FY26 stood at INR 963 Cr, up 72.3% YoY. The following table presents key consolidated financial metrics on both a quarterly and full-year basis:

On a detailed consolidated basis, revenue from operations grew to Rs. 20,233.79 million from Rs. 14,051.31 million in the prior year, driven primarily by electricity sales of Rs. 20,229.59 million. Total consolidated income, including other income of Rs. 4,837.01 million, reached Rs. 25,070.80 million compared to Rs. 15,752.41 million in FY25. The table below provides a comprehensive breakdown of consolidated financial metrics:

Consolidated total assets stood at Rs. 285,403.09 million as at March 31, 2026, up from Rs. 184,037.39 million as at March 31, 2025. The asset base stands at INR 21,952 Cr, up INR 6,445 Cr from the prior year on account of commissioning of assets. Long-term borrowings increased to Rs. 167,398.76 million from Rs. 98,571.70 million, reflecting the company's ongoing capital expenditure programme. Cash and cash equivalents at the consolidated level rose to Rs. 22,309.43 million from Rs. 12,842.73 million at the beginning of the year. Net Debt to Net Worth improved to 1.7x from 2.5x, while Cash RoE improved to 20.1% from 15.7% on a YoY basis.

Breakdown of Other Income (Consolidated)

The investor presentation provides a detailed breakdown of consolidated other income for Q4 FY26, as presented in the table below:

Standalone Financial Performance

On a standalone basis, ACME Solar Holdings reported total revenue from operations of Rs. 39,109.50 million for FY26, compared to Rs. 13,521.01 million in FY25, with EPC contract revenues contributing Rs. 38,225.80 million. Total standalone income, inclusive of other income of Rs. 4,463.37 million, reached Rs. 43,572.87 million against Rs. 15,118.36 million in the prior year. The table below presents key standalone financial highlights:

Standalone total assets grew to Rs. 1,29,423.01 million as at March 31, 2026 from Rs. 86,910.97 million as at March 31, 2025. During the year, the Board paid an interim dividend of Rs. 0.20 per share each on April 25, 2025 and January 29, 2026, amounting to a total of Rs. 242.10 million. Additionally, 884,023 equity shares of Rs. 2 each were allotted to the Employee Welfare Trust under the ESOP Scheme 2025, of which 301,133 shares were transferred to eligible employees upon exercise of vested options, with the remaining 582,890 shares held by the Trust as of March 31, 2026.

Business and Operational Highlights

ACME Solar marked several key milestones during FY26. The company commissioned one of India's largest Battery Energy Storage System (BESS) capacities of ~2.3 GWh till date, delivering a net realization of ~INR 2.2 Cr/day as of date. The 100 MW Acme Eco Clean wind project was fully commissioned, taking total operational capacity to 2,990 MW. A new project win of 301 MW Firm and Dispatchable Renewable Energy (FDRE) with SECI was secured during Q4, taking cumulative FY26 project additions to 1,401 MW. The company's total portfolio stands at 8,071 MW including ~17 GWh of BESS installation, with 6,270 MW PPA signed. The weighted average tariff for the operational portfolio stands at INR 3.4/KWh, while the under-construction portfolio carries a weighted average tariff of INR 4.4/KWh. Key business and operational metrics are summarised below:

On the financing front, the company tied up debt of over ~INR 15,000 Cr for ~1.5 GW of under construction projects during the year. Refinancing of ~INR 3,300 Cr was secured for ~850 MW of operational projects, resulting in a reduction of rate of interest by ~150 bps and includes a top-up of ~INR 650 Cr for the year. As of date, 2.2 GW of operational projects have been assigned a credit rating of AA-/Stable.

Receivables and Offtaker Profile

The company demonstrated a significant improvement in its Days Sales Outstanding (DSO), declining sharply from 181 days in FY23 to 14 days in FY26, reflecting improved collections and receivables management. The operational offtaker split for the 2,990 MW portfolio comprises Central Offtakers at 67%, Other State Offtakers at 28%, and GUVNL at 5%. The share of Central Offtakers is targeted to increase to 84% from the present 67% as the under-construction portfolio is commissioned.

Leadership Changes: New CFO Appointment and Senior Elevations

The Board approved several significant leadership changes effective May 08, 2026. Mr. Rajat Kumar Singh tendered his resignation as Group Chief Financial Officer vide letter dated February 28, 2026, citing personal reasons, and was relieved with effect from May 08, 2026. In his place, the Board appointed Mr. Arun Chopra as Chief Financial Officer, designated as Key Managerial Personnel and Senior Management Personnel under Section 203 of the Companies Act, 2013.

Mr. Chopra's areas of expertise include project costing and cash flow management, treasury and forex management, financial feasibility analysis, budgeting and forecasting, financial reporting, risk management and mitigation strategies, management information systems and internal controls framework, process automation and digitization, and aligning financial goals with the company's vision. The Board also took note of the elevation of two senior finance leaders to non-board positions:

• Mr. Purushottam Kejriwal — elevated as Director-Project Finance; associated with the Company since April 2024, leading the Project Finance function with responsibilities spanning financial management, fund-raising, and strategic planning.
• Mr. Ankit Verma — elevated as Director-Corporate Finance & Investor Relations; associated with the Company since March 2024, leading Corporate Finance and Investor Relations functions including strategic fund-raising, mergers and acquisitions, and investor relations strategy.

Other Board Decisions

The Board approved a Postal Ballot Notice to seek shareholder approval for amendments in the "ACME Employee Stock Option Plan 2024" and for the grant of options to employees of subsidiary and/or holding companies under the same plan. The Board also approved the re-appointment of M/s AAPT & Associates, Chartered Accountants (FRN: 032383N), as Internal Auditors of the Company for a period of six months from April 01, 2026 to September 30, 2026, on the recommendation of the Audit Committee.

ACME Solar Holdings Limited has informed the stock exchanges about its scheduled interactions with investors and analysts. The meetings are set to take place between May 11 and May 14, 2026, in Mumbai. The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 06, 2026, and signed by Rajesh Sodhi, Company Secretary and Compliance Officer.

Scheduled Investor Interactions

The company's officials will participate in physical meetings with investors and analysts across multiple formats during the four-day window. The details of the scheduled interactions are as follows:

Key Disclosures and Compliance

In line with regulatory requirements, ACME Solar Holdings Limited has provided the following assurances regarding the conduct of these meetings:

• A copy of the latest investor presentation will be uploaded on the company's website at www.acmesolar.in prior to the commencement of the meetings.
• No unpublished price-sensitive information relating to the company will be disclosed during interactions with analysts or institutional investors.
• The schedule for the meetings is subject to change due to exigencies on the part of the investors or the company.

The filing was submitted to both BSE Limited and the National Stock Exchange of India Ltd, fulfilling the company's disclosure obligations under the applicable SEBI regulations.