ACME Solar Holdings Limited has secured significant legal relief with the Hon'ble High Court of Rajasthan granting an interim stay on a GST show cause cum demand notice dated April 20, 2026. The court order provides temporary protection against the proceedings initiated by GST authorities, effectively halting the operation and effect of the show cause notice until further orders.

Court Order and Legal Relief

The Rajasthan High Court's intervention represents a favorable development in the ongoing regulatory proceedings that the company had previously disclosed to stock exchanges on March 29, 2026 and April 13, 2026. The interim stay order dated April 20, 2026, provides immediate relief by suspending the enforcement of the GST show cause cum demand notice.

Regulatory Compliance and Communication

The company has maintained full compliance with its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Rajesh Sodhi formally communicated the development to both BSE Limited (Scrip Code: 544283) and National Stock Exchange of India Ltd (Symbol: ACMESOLAR) on April 20, 2026.

The communication referenced the SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring adherence to all regulatory requirements for such disclosures.

Current Legal Status

The interim stay represents a significant procedural victory for ACME Solar Holdings in its dispute with GST authorities. The court's intervention provides the company with breathing room to address the regulatory concerns while preventing immediate enforcement actions.

The company continues to monitor the legal proceedings closely and has committed to providing stakeholders with timely updates as developments occur in the case. The formal documentation includes Annexure-A with detailed information as required under the listing regulations, ensuring transparency in the ongoing legal matter.

ACME Solar Holdings has announced a significant milestone in its renewable energy portfolio through its subsidiary ACME Eco Clean Energy Private Limited. The subsidiary has successfully received the Certificate of Commissioning for a 16 MW wind power project from the Gujarat Energy Development Agency (GEDA), marking another step forward in the company's clean energy expansion.

Project Details and Location

The wind power project spans across multiple villages in Gujarat's Surendranagar district. The installation covers strategic locations including Village Nana Morsal, Mota Kandhasan, Dhinkvali, and Dhakaniya, situated in Taluka Chotila and Sayla.

Regulatory Compliance and Timeline

The commissioning certificate represents the culmination of a regulatory process that began with multiple intimations to stock exchanges in March 2026. The company had previously informed the exchanges on March 17, 2026, March 19, 2026, and March 26, 2026, regarding the project's development stages. The formal Certificate of Commissioning, dated April 16, 2026, was issued by GEDA, confirming the project's operational readiness.

Corporate Structure and Disclosure

ACME Eco Clean Energy Private Limited operates as a subsidiary of ACME Solar Holdings Limited, with the parent company maintaining transparency through regular disclosures under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was formally communicated to both BSE Limited and the National Stock Exchange of India Limited, ensuring compliance with listing requirements.

Strategic Significance

This 16 MW wind power project adds to ACME Solar Holdings' renewable energy capacity, demonstrating the company's commitment to diversifying its clean energy portfolio beyond solar installations. The project's location in Gujarat, a state known for favorable wind conditions and supportive renewable energy policies, positions the installation for optimal performance. The successful commissioning reflects the company's execution capabilities in developing utility-scale renewable energy projects across different technologies.