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ACME Solar Holdings (ACME Solar) has successfully concluded its Rs 2,800 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in 2024. The transaction garnered strong participation from a well-diversified mix of existing and new marquee investors, including leading domestic mutual funds, major insurance companies and foreign institutional investors including SBI Mutual Fund (MF), Nippon MF, HDFC MF, ICICI Prudential MF, Kotak MF, SBI Life Insurance, ICICI Prudential Life Insurance, BlackRock, Amundi, Goldman Sachs, Abu Dhabi Investment Authority and Pictet, among others. The proceeds from the QIP will be used to reduce leverage and enhance the overall balance sheet strength.

ACME Solar Holdings (ACME Solar) through its subsidiary ACME Renewtech Sixth, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI), a AAA-rated Central Government enterprise, for 300 MW / 1,200 MWh ISTS-connected assured peak power capacity. This FDRE project will be connected to ISTS substations and will utilize ACME Solar`s existing night-time connectivity available at high irradiation zones. Under the PPA, , ACME Solar will supply 4 hours of assured peak power only during non-solar hours with minimum annual availability requirement of 85%.The project was awarded to ACME Solar under SECI`s FDRE Tranche-VII tender, pursuant to the Letter of Award (LOA) dated February 10, 2026. The tender was issued under Tariff-Based Competitive Bidding (TBCB) guidelines, with the e-reverse auction conducted on February 02, 2026. With this, out of the total contracted portfolio of 8,070 MW, PPA-signed portfolio stands at 6,570 MW.

Net profit of ACME Solar Holdings rose 12.94% to Rs 139.32 crore in the quarter ended March 2026 as against Rs 123.36 crore during the previous quarter ended March 2025. Sales rose 12.50% to Rs 547.77 crore in the quarter ended March 2026 as against Rs 486.89 crore during the previous quarter ended March 2025.For the full year,net profit rose 97.90% to Rs 498.92 crore in the year ended March 2026 as against Rs 252.11 crore during the previous year ended March 2025. Sales rose 43.97% to Rs 2022.96 crore in the year ended March 2026 as against Rs 1405.13 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales547.77486.89 13 2022.961405.13 44 OPM %87.4189.49 -88.0687.92 - PBDT298.42282.57 6 1142.05646.33 77 PBT175.62180.35 -3 674.14359.02 88 NP139.32123.36 13 498.92252.11 98 Powered by Capital Market - Live News

The board of ACME Solar Holdings at its meeting held on 07 May 2026 has accepted the resignation of Rajat Kumar Singh from the position of Group Chief Financial Officer of the Company with effect from 08 May 2026. The board has approved the appointment of Arun Chopra as the Chief Financial Officer, designated as the Key Managerial Personnel and Senior Management Personnel with effect from 08 May 08 2026. Further, the board has took note of the elevation of existing senior management personnels, to non-board positions, Purushottam Kejriwal as Director-Project Finance and Ankit Verma as Director-Corporate Finance & Investor Relations.

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 7 May 2026.