ACME Solar Holdings Limited has announced significant changes in its senior management structure with the appointment of Mr. KR Thiyagarajan as President-EPC, effective December 10, 2025. The Board of Directors approved this strategic appointment based on the recommendation of the Nomination and Remuneration Committee through a circular resolution dated December 10, 2025.

Leadership Appointment Details

The company has made the following key changes to its senior management personnel:

Executive Profile and Experience

Mr. Thiyagarajan brings over 35 years of extensive experience in senior leadership roles across the power and infrastructure sectors. His expertise spans multiple areas including solar PV, BESS (Battery Energy Storage Systems), EHV transmission and distribution, and thermal power projects. He has successfully led large-scale renewable energy developments from concept to commissioning and delivered multi-gigawatt portfolios across India.

Educational Background

Mr. Thiyagarajan holds strong academic credentials:

• Bachelor's Degree: B.E Electrical Electronics (1989 batch) from Coimbatore Institute of Technology, Bharathiyar University, Coimbatore
• Master's Degree: MBA from IMT Ghaziabad (2011 batch)

Professional Experience

His career includes senior leadership positions at prominent organizations in the power and renewable energy sector:

• Reliance Industries Limited (New Energy)
• Tata Power Solar System Limited
• Avaada Power Limited
• Welspun Energy Limited
• Essel Infra Limited
• KEC International Limited
• Larsen & Toubro Ltd (ECC Division)
• Best Crompton Engineering

Strategic Role and Responsibilities

As President-EPC, Mr. Thiyagarajan will be responsible for project execution across all renewable energy projects. His key focus areas include driving execution excellence, cost optimization, and technology integration as the company accelerates its capacity expansion initiatives. This appointment aligns with ACME Solar's ambitious target of achieving 10GW operational contracted capacity by 2030.

His expertise in project and contract management, techno-commercial functions, tendering and bids, statutory compliance, stakeholder engagement, and building high-performance project teams will be crucial for the company's growth trajectory.

Organizational Changes

As part of the restructuring, Mr. Harjinder Kamboj, Vice President-Quality, who was previously designated as Senior Managerial Personnel, has had his reporting line realigned to Mr. KR Thiyagarajan. Consequently, Mr. Kamboj ceases to be Senior Management Personnel of the company, effective December 10, 2025.

Company Overview

ACME Solar Holdings Limited operates as a leading integrated renewable energy player with a diversified portfolio spanning solar, wind, storage, FDRE and hybrid solutions. The company maintains an operational capacity of 2,934.00 MW and under construction capacity of 4,586.00 MW, including 15.00 GWh of BESS installation. With an in-house EPC and O&M division, the company handles end-to-end development and operations of plants, delivering projects in a time and cost-effective manner while ensuring industry-leading capacity utilization factors and operating margins.

ACME Solar Holdings Limited has announced a significant milestone in its renewable energy expansion efforts. The company's subsidiary, ACME Eco Clean Energy Private Limited, has commissioned the second phase of its 100 MW wind power project in Gujarat.

Project Details

• Commissioned Capacity: 16 MW (second phase)
• Total Project Capacity: 100 MW
• Location: Villages of Dhakaniya, Dhajala, and Dhandhalpur, Taluka Sayla, Surendranagar District, Gujarat
• Certifying Authority: Gujarat Energy Development Agency (GEDA)
• Date of Commissioning Certificate: December 09, 2025

This development marks a step in ACME Solar's commitment to expanding its renewable energy portfolio and contributing to India's clean energy goals.

Financial Context

While the news primarily focuses on the operational aspect, it's worth noting ACME Solar's financial position to provide context for its expansion activities:

The increase in fixed assets and investments over the past year aligns with the company's expansion in renewable energy projects, including this wind power initiative in Gujarat.

Implications

The commissioning of this 16 MW phase demonstrates ACME Solar's progress in executing its renewable energy projects. As the company continues to expand its operational capacity, it may contribute to:

1. Increased clean energy generation in Gujarat
2. Progress towards India's renewable energy targets
3. Potential growth in ACME Solar's revenue and market position in the renewable energy sector

Investors and industry observers may keep a close eye on ACME Solar's future project completions and their impact on the company's financial performance.