ACME Solar Holdings Limited announced the execution of a significant Power Purchase Agreement (PPA) through its wholly owned subsidiary, marking another milestone in the company's renewable energy expansion. The agreement was disclosed on January 29, 2026, under Regulation 30 of SEBI listing regulations.

Project Agreement Details

ACME Urja One Private Limited, the wholly owned subsidiary of ACME Solar Holdings Limited, has signed a PPA with NHPC Limited for a 250 MW FDRE (Firm and Dispatchable Renewable Energy) project. The agreement encompasses power supply as per provisions of RFS (Renewable Energy Certificate) framework.

Timeline and Commercial Terms

The project follows a structured timeline with specific commercial milestones. The scheduled commercial operation date (SCOD) is set for June 30, 2027, providing the subsidiary with approximately 17 months for project development and commissioning.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted this as a voluntary disclosure, demonstrating transparency in corporate communications.

Key regulatory aspects include:

• Compliance with SEBI Master Circular Ref. No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• No related party transaction implications
• Domestic entity classification for the contracting subsidiary
• No promoter group interest in the counterparty

Corporate Structure

The agreement involves ACME Urja One Private Limited as the contracting entity, which operates as a wholly owned subsidiary of ACME Solar Holdings Limited. This structure allows the parent company to expand its renewable energy portfolio while maintaining operational flexibility through subsidiary operations.

The 250 MW FDRE project represents a significant capacity addition to the company's renewable energy portfolio, with the 25-year tenure providing long-term revenue visibility at the agreed tariff of Rs. 4.33 per unit.

ACME Solar Holdings Limited has announced a significant enhancement in its credit rating facility, marking a positive development for the renewable energy company. The company informed stock exchanges about the reaffirmation of its credit rating with an increased facility amount under regulatory compliance requirements.

Credit Rating Enhancement Details

Crisil Ratings Limited has reaffirmed the company's credit rating while substantially increasing the rated facility amount. The enhancement reflects the company's improved financial standing and growth prospects in the renewable energy sector.

The enhancement represents a 50% increase in the total bank loan facilities rated amount, demonstrating the rating agency's confidence in the company's financial capabilities and business model.

Regulatory Compliance and Communication

The company communicated this development to both major stock exchanges on January 29, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to:

• BSE Limited (Scrip Code: 544283)
• National Stock Exchange of India Limited (Symbol: ACMESOLAR)

This announcement follows the company's earlier intimation dated October 7, 2025, regarding the initial rating assignment by Crisil Ratings Limited.

Rating Rationale and Documentation

The detailed rating rationale issued by Crisil Ratings Limited provides comprehensive analysis supporting the reaffirmation and enhancement decision. The rating agency's assessment considers various factors including the company's business fundamentals, financial performance, and market position in the renewable energy sector.

The Crisil AA-/Stable rating indicates high safety regarding timely servicing of financial obligations, with very low credit risk. The stable outlook suggests that the rating is unlikely to change in the near term, providing confidence to stakeholders about the company's financial stability.

Corporate Governance and Transparency

The announcement was signed by Rajesh Sodhi, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining transparent communication with investors and regulatory authorities. The timely disclosure under SEBI regulations reflects strong corporate governance practices and adherence to regulatory requirements.