ACME Solar Holdings Limited’s Board of Directors has declared and approved an interim dividend of ₹0.20 per equity share for the period ended December 31, 2024.
On April 30, 2025, Acme Solar share price opened at ₹211.01 and closed at ₹210.00, down by 1.13%. The stock price touched its day’s low at ₹208.00.
The Board of Directors of the Company, at its meeting held on Friday, April 25, 2025, has, among other matters, declared an Interim Dividend of ₹0.20 per equity share (representing 10% of the face value of ₹2 each) for the period ended December 31, 2024.
In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for determining the eligibility of shareholders to receive the interim dividend has been fixed as Friday, May 2, 2025.
The company stated that the interim dividend will be subject to applicable tax deductions and will be disbursed within the statutory timelines as prescribed by law.
Recently, in April, ACME Solar Holdings, the flagship renewable energy arm of the ACME Group, has secured a ₹2,491 crore long-term project finance facility with a tenure of 18–20 years to refinance existing debt and reduce financing costs for its 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab.
The refinancing, sourced from SBI and REC at a reduced weighted average interest rate of 8.8%, has enhanced the company’s credit profile and resulted in higher credit ratings for its Andhra Pradesh and Punjab entities under a co-obligor structure.
This move supports the group’s broader objective of achieving credit upgrades and lowering interest costs across all operational assets, which include projects with an operational track record of ~9 years in Andhra Pradesh (160 MW) and Punjab (30 MW), and ~3 years in Rajasthan (300 MW).
Established in 2015, ACME Solar Holdings is a leading renewable energy company in India, with a diversified portfolio comprising solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 2, 2025, 8:22 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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