ACME Solar Holdings Limited has officially received the Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for its 301 MW assured peak supply FDRE project. The formal LOA was issued following the e-reverse auction conducted on February 05, 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.

Project Award Details

The company has secured the 301 MW FDRE project under SECI's FDRE Tranche VII, marking a significant milestone in renewable energy expansion. The project specifications and commercial terms are outlined below:

Technical Requirements and Implementation

The FDRE project comes with specific operational requirements that demonstrate the evolving nature of renewable energy supply contracts:

The project will integrate Solar and Battery Energy Storage System (BESS) technology to meet the stringent supply requirements. ACME Solar plans to leverage its existing night-time connectivity infrastructure to optimize project implementation and operations.

Portfolio Expansion Impact

Following this contract win, ACME Solar's total contracted portfolio has reached 8,071 MW, showcasing the company's diversified approach across multiple renewable energy technologies. The company maintains an operational contracted capacity of 2,962 MW alongside under construction contracted capacity of 5,109 MW, which includes approximately 17 GWh of BESS installation.

Regulatory Compliance

The LOA receipt was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that this is a domestic contract with no related party transaction implications, and the project falls under the company's core renewable energy business operations.

ACME Solar Holdings Limited has strengthened its leadership team with the appointment of Rahul Kaushik as Head of Process Transformation, effective February 4, 2026. This strategic hire underscores the company's commitment to building robust governance frameworks and operational excellence across its rapidly expanding renewable energy portfolio.

Strategic Leadership Addition

Kaushik's appointment comes as ACME Solar focuses on institutionalizing future-ready processes and governance frameworks. In his new role, he will collaborate closely with the leadership team to drive optimization of business processes, with particular emphasis on risk management, internal controls, and operational excellence to support the company's next phase of growth.

Extensive Industry Experience

The new appointee brings nearly two decades of specialized experience in internal audit and risk advisory services. His professional background includes:

• Leadership Roles: Previously headed the Internal Audit function at O2 Power
• Consulting Experience: Worked with major firms including Ernst & Young, KPMG, and Grant Thornton
• Sector Expertise: Extensive experience across renewable energy, infrastructure, real estate, manufacturing, pharmaceuticals, and food and beverage industries
• Advisory Services: Has advised Boards, Audit Committees, Investors, and CXOs on strengthening governance and internal control environments

Key Responsibilities and Mandate

Kaushik's mandate centers on helping ACME Solar build scalable processes that can accommodate the company's growth trajectory while maintaining high standards of governance and risk management.

Company Portfolio Overview

ACME Solar Holdings Limited operates as a leading integrated renewable energy player with a comprehensive portfolio spanning multiple technologies and development stages:

The company's portfolio encompasses solar, wind, storage, FDRE, and hybrid solutions, supported by in-house EPC and O&M divisions that enable end-to-end development and operations.

Strategic Governance Focus

This appointment reflects ACME Solar's broader commitment to institutionalizing strong governance practices, transparent processes, and best-in-class risk management as the company accelerates its contribution to India's energy transition. The focus on process transformation and governance comes at a critical time as the renewable energy sector continues to scale rapidly across India.