ACME Solar Holdings Limited has issued a regulatory filing to clarify media reports regarding transmission constraints affecting solar projects in Rajasthan. The clarification addresses concerns raised in a Press Trust of India report which suggested that nearly 4,300MW of solar projects, including those developed by ACME, were facing full curtailment during daytime hours due to exhausted transmission margins.

Project Status and GNA Approval

The company has confirmed that its 300MW solar project developed by ACME Sikar Solar Pvt Ltd remains unaffected by the reported transmission constraints. The project has achieved a significant milestone with the receipt of Long Term General Network Access (GNA) effectiveness approval.

Transmission Infrastructure Development

The commissioning of the Narela-Khetri transmission line has brought substantial improvements to the transmission infrastructure in Rajasthan. This development has enabled the Long Term GNA to become effective for approximately 4,300MW of solar projects across various developers in the region.

The new transmission capacity has significantly alleviated the constraints that were previously highlighted in media reports, ensuring better evacuation capabilities for solar projects in the state.

Company Portfolio Overview

ACME Solar Holdings Limited operates as an integrated renewable energy player with a diversified portfolio spanning multiple technologies and solutions:

The company maintains an in-house EPC and O&M division, enabling end-to-end development and operations management of plants. This integrated approach allows ACME Solar to deliver projects in a time and cost-effective manner while ensuring industry-leading capacity utilization factors and operating performance.

Regulatory Compliance

The clarification was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both BSE Limited and National Stock Exchange of India Limited, with the company requesting that the exchanges take the clarification on record.

Conclusion

ACME Solar Holdings has clarified that its 300MW Rajasthan project has received Long Term GNA effectiveness approval and is evacuating full capacity, unaffected by transmission constraints. This statement reinforces the company's earlier clarification and confirms the operational status of the project.

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.