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 announced its unaudited financial results for the third quarter and nine months period ended December 31, 2025, showcasing strong operational performance across both standalone and consolidated operations. The Board of Directors approved these results at their meeting held on January 29, 2026, along with the declaration of an interim dividend for shareholders.

Consolidated Financial Performance

The company's consolidated operations demonstrated robust growth during Q3FY26. Total revenue from operations reached Rs. 4,967.93 million, with electricity sales contributing Rs. 4,966.22 million and other operating revenue adding Rs. 1.71 million. Including other income of Rs. 1,200.19 million, total income for the quarter stood at Rs. 6,168.12 million.

The company's profitability remained strong with net profit of Rs. 1,137.09 million for Q3FY26, compared to Rs. 1,120.58 million in the corresponding quarter of the previous year. For the nine-month period, net profit surged to Rs. 3,595.98 million from Rs. 1,287.46 million in the previous year.

Standalone Operations Show Impressive Growth

On a standalone basis, ACME Solar Holdings reported exceptional performance with total revenue from operations of Rs. 9,176.63 million for Q3FY26. The revenue breakdown included Rs. 8,951.55 million from EPC contracts, Rs. 223.37 million from O&M services, and Rs. 1.71 million from other operating revenue.

Standalone net profit for the quarter reached Rs. 316.81 million, a significant improvement from Rs. 14.99 million in Q3FY25. The nine-month standalone net profit stood at Rs. 637.16 million compared to Rs. 1,993.84 million in the previous year.

Dividend Declaration and Corporate Actions

The Board of Directors declared an interim dividend of Rs. 0.20 per equity share for FY2025-26, representing 10% of the face value of Rs. 2.00 per equity share. The record date for determining shareholder eligibility has been fixed as Friday, February 6, 2026. The dividend will be paid within stipulated timelines as prescribed under applicable laws, subject to applicable tax deductions.

ESOP Implementation and Share Capital

During Q3FY26, the company allotted 884,023 equity shares of Rs. 2.00 each to the Employee Welfare Trust under the ESOP Scheme 2025. Of these, 208,946 shares were transferred to eligible employees upon exercise of vested options, while 675,077 shares remain held by the Trust as of December 31, 2025. The paid-up equity share capital stood at Rs. 1,210.59 million.

Regulatory Compliance and Publication

The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by joint statutory auditors Walker Chandiok & Co. LLP and A Prasad & Associates. The results comply with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Pursuant to Regulation 30 and 47 of the SEBI LODR Regulations, 2015, the company published its Q3FY26 financial results in newspapers on January 31, 2026. The advertisement includes a Quick Response code and weblink to access complete financial results. The company operates in a single segment, making segment-wise disclosures under Ind AS 108 not applicable.