ACME Solar Holdings Limited has formally intimated the stock exchanges regarding the incorporation of four new wholly owned subsidiaries: ACME Greentech Twenty Five Private Limited, ACME Greentech Twenty Six Private Limited, ACME Greentech Twenty Seven Private Limited, and ACME Greentech Twenty Eight Private Limited. These entities were incorporated on September 15, 2026, with their registered offices situated in Gurugram, Haryana, India. Each subsidiary was set up via a 100% cash subscription of Rs 1,00,000 comprising 10,000 equity shares at a face value of Rs 10 each.

The newly incorporated corporate entities fall under the power generation and renewable energy sector. According to the regulatory disclosure, these wholly owned subsidiaries have been established with the primary business objective of undertaking activities relating to the development, establishment, and operation of power generation and renewable energy projects. No governmental or regulatory approvals were required for their initial incorporation, and the transaction constitutes a cash consideration subscription.

ACME Solar Holdings Limited is a prominent independent power producer in India, founded in 2010 by Manoj Upadhyay. The company operates extensively in the renewable energy landscape, focusing on utility-scale solar and hybrid power projects. In recent developments from 2025 and 2026, the company has heavily scaled up its infrastructure capabilities, including commissioning major battery energy storage system (BESS) capacities in Rajasthan—such as a 300 MWh BESS capacity under its firm and despatchable renewable energy initiatives. Furthermore, the company secured significant long-term project financing, including Rs 15.71 billion from India Infrastructure Finance Company Limited (IIFCL) to back its assured peak power projects.

For the financial year 2025–2026, ACME Solar Holdings reported an annual revenue of Rs 4,357.29 Crores, representing a significant 188.21% year-on-year growth compared to the preceding period. Net profits for the year surged by 80.20% year-on-year to reach Rs 340.16 Crores, yielding a net profit margin of 7.81%. The company’s institutional backing features prominent investors and entities such as Abu Dhabi Investment Authority (ADIA) and SBI Mutual Fund alongside other major domestic asset managers.