StockWatch
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Holding Company
Investment29 Jul 2026, 09:00 pm

ACME Solar: No Deviation in ₹2800 Cr QIP Fund Utilization

AI Summary

ACME Solar Holdings Limited has reported no deviation or variation in the utilization of proceeds from its Qualified Institutions Placement (QIP) for the quarter ended June 30, 2026. The company raised approximately ₹2800 Crores through the QIP on June 04, 2026. This statement, filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that the funds have been utilized in line with the objects stated in the Placement Document. CARE Ratings Limited is the monitoring agency for these funds. The report is available on the company's website.

Key Highlights

  • ACME Solar reported no deviation in QIP fund utilization.
  • ₹2800 Crores were raised via QIP on June 4, 2026.
  • Funds utilized align with the Placement Document.
  • Report covers the quarter ended June 30, 2026.
  • CARE Ratings Limited monitors the fund utilization.