ACME Solar Holdings Limited , a prominent player in the renewable energy sector, has announced significant changes in its senior management and provided updates on its regulatory proceedings. These developments highlight the company's ongoing efforts to navigate both internal transitions and external challenges in the dynamic solar energy market.

Management Restructuring

Sarthak Sengupta, Vice President-Procurement and a key member of ACME Solar's senior management team, has tendered his resignation due to personal reasons. The company confirmed that Sengupta will be relieved of his duties effective from the close of business hours on November 14, 2025. In its official statement, ACME Solar expressed gratitude for Sengupta's leadership and contributions during his tenure, wishing him well in his future endeavors.

This departure marks a significant change in the company's procurement division, potentially impacting its supply chain strategies and operations. The company has not yet announced a successor, leaving industry observers curious about the future direction of ACME Solar's procurement policies.

Regulatory Victory in Change in Law Case

In a separate development, ACME Solar reported a favorable outcome in a regulatory case involving its wholly-owned subsidiary, ACME Aklera Power Technology Private Limited. The Rajasthan Electricity Regulatory Commission (RERC) has issued a final order on November 13, 2025, granting substantial compensation for Change in Law events.

The key points of the RERC order are as follows:

The compensation addresses the increase in GST from 5% to 12% and the imposition of Basic Customs Duty on solar modules and cells. This ruling is significant for ACME Solar, as it helps mitigate the financial impact of regulatory changes on their operations.

Payment Mechanism and Future Actions

The RERC has stipulated that the admitted Change in Law amount will be payable through an annuity mechanism:

• Discount rate: 9%
• Payment period: 15 years or the balance PPA term, whichever is less
• Commencement: 60 days from the Order or submission of claims, whichever is later

It's worth noting that ACME Solar intends to appeal against the disallowance of certain claims amounting to approximately Rs. 7.82 crores before the Appellate Tribunal for Electricity, indicating the company's commitment to pursuing all avenues for financial recovery.

Investor Engagement

ACME Solar has also announced its participation in the upcoming JM Financial India Xchange 2025 Conference in Mumbai on November 19, 2025. This engagement with investors and analysts suggests the company's proactive approach to maintaining transparency and communication with its stakeholders during these times of change.

As ACME Solar navigates these internal changes and regulatory landscapes, the renewable energy sector will be watching closely to see how these developments impact the company's market position and future strategies in the competitive solar power industry.

ACME Solar Holdings Limited , a prominent player in the solar energy sector, has taken a significant step in employee empowerment by allotting shares under its Employee Stock Option Plan (ESOP) 2024. The company's recent corporate action has caught the attention of market observers and stakeholders alike.

Key Details of the Share Allotment

Implications and Compliance

The share allotment is part of ACME Solar Holdings' ESOP 2024, demonstrating the company's commitment to aligning employee interests with those of the organization. This move may potentially enhance employee motivation and retention, which are crucial factors in the competitive renewable energy sector.

In compliance with regulatory requirements, ACME Solar Holdings has disclosed this information under Regulation 7(2)(b) read with Regulation 6 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company's disclosure, made on November 12, 2025, reflects its adherence to transparency and corporate governance standards.

Market Impact

While the allotment represents a small fraction of the company's total equity at 0.15%, it signifies a substantial value creation for employees. The market value of the allotted shares, based on the NSE closing price on the allotment date, stands at over Rs. 23.78 crore, considerably higher than their face value of Rs. 17.68 lakh.

This corporate action may be viewed positively by the market, as ESOPs are often considered a tool for attracting and retaining talent, especially in high-growth sectors like renewable energy.

As ACME Solar Holdings continues to navigate the dynamic solar energy landscape, this strategic move in employee stock ownership may contribute to its long-term growth and competitiveness in the market.