ACME Solar Holdings Ltd

ACME Solar Holdings Ltd has successfully raised INR 2,800 crore through its first Qualified Institutions Placement (QIP) since listing in 2024. The offering saw significant participation from a diverse group of domestic and international investors, including prominent mutual funds and insurance companies. The funds raised will be utilized to reduce the company's leverage and strengthen its balance sheet. This successful capital raise underscores investor confidence in ACME Solar's execution capabilities and its expansion pipeline.

ACME Solar Holdings Ltd announced the successful allotment of 10,01,78,890 Equity Shares to qualified institutional buyers at ₹279.50 per share, raising approximately ₹28,000 million. The Qualified Institutions Placement (QIP) issue, which opened on June 1, 2026, and closed on June 4, 2026, saw the company's paid-up equity share capital increase. The Fund Raising Committee approved the allotment, with the trading window set to reopen on June 8, 2026. Key allottees include Nippon Life India Trustee Ltd and HDFC Trustee Company Limited.

ACME Solar Holdings Ltd announced the closure of its Qualified Institutional Placement (QIP) issue on June 4, 2026. The Fund Raising Committee approved the allocation of 10,01,78,890 equity shares at an issue price of ₹279.50 per share, which includes a premium of ₹277.50 and a discount of ₹14.63 (4.97%) to the floor price. The company has also approved and adopted the placement document and finalized confirmation of allocation notes for eligible QIBs. The issue closure was based on the receipt of application forms and funds from eligible QIBs.

ACME Solar Holdings Limited, through its subsidiary ACME Sun Power Private Limited, has commissioned an additional 33.333 MW/160.512 MWh capacity of its Battery Energy Storage System (BESS) project in Rajasthan on June 01, 2026. The Commercial Operation Date (COD) is set for June 03, 2026. This commissioning brings ACME Sun Power Private Limited's total commissioned capacity to 266.669 MW / 1283.936 MWh.

ACME Solar Holdings Ltd has announced the opening of its Qualified Institutional Placement (QIP) issue on June 01, 2026. The Fund Raising Committee approved the issue's opening and set the floor price at ¥294.13 per equity share, based on SEBI ICDR Regulations. The 'Relevant Date' for the issue is also June 01, 2026. The company may offer a discount of up to 5% on the floor price. The trading window for company securities is closed until further notice.

ACME Solar Holdings Ltd, through its subsidiary ACME Surya Power Private Limited, has commissioned an additional 34.598 MW / 155.493 MWh capacity of its Battery Energy Storage System (BESS) project in Rajasthan on May 27, 2026. The commercial operation date (COD) is set for May 29, 2026. This addition brings the cumulative commissioned capacity of ACME Surya Power Private Limited to 245.536 MW / 1103.392 MWh.

ACME Solar Holdings Ltd, through its subsidiary ACME Renewtech Sixth Private Limited, has executed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project, awarded under SECI's FDRE Tranche-VII tender, involves supplying 4 hours of assured peak power during non-solar hours with a minimum annual availability of 85%. The PPA has a tenure of 25 years from the Scheduled Commencement of Supply Date (SCSD) of May 28, 2028, at a tariff of ₹6.28 per unit.

ACME Solar Holdings Ltd. has authorized key managerial personnel (KMPs) to determine the materiality of events and information for disclosure to stock exchanges, as per Regulation 30(5) of SEBI LODR, 2015. The decision was made via a board resolution on May 22, 2026, following changes in the company's KMP. The authorized personnel include Mr. Manoj Kumar Upadhyay, Mr. Nikhil Dhingra, Mr. Arun Chopra, and Mr. Rajesh Sodhi.

ACME Solar Holdings Limited, through its subsidiary ACME Surya Power Private Limited, has commissioned an additional 35.715 MW / 160.512 MWh capacity of its Battery Energy Storage System (BESS) project in Rajasthan on May 11, 2026. The commercial operation date (COD) is set for May 13, 2026. This addition brings the cumulative commissioned capacity of ACME Surya Power Private Limited to 210.938 MW / 947.899 MWh.

ACME Solar Holdings Limited, through its subsidiary ACME Sun Power Private Limited, has commissioned an additional 33.333 MW/160.484 MWh capacity of its Battery Energy Storage System (BESS) project in Rajasthan on May 11, 2026. The Commercial Operation Date (COD) is set for May 13, 2026. This commissioning brings ACME Sun Power Private Limited's total commissioned BESS capacity to 233.336 MW / 1123.424 MWh.