ACME Solar Holdings Share Price in Focus Incorporates a New Wholly Owned Subsidiary

ACME Solar Holdings Limited has announced the incorporation of a new wholly owned subsidiary as part of its corporate structure. 

The disclosure has been made in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. 

The development has been formally communicated to both BSE Limited and the National Stock Exchange of India Limited, along with the prescribed regulatory details.

Regulatory Framework and Disclosure

The incorporation has been disclosed under Regulation 30 of the SEBI Listing Regulations. The Company has complied with the applicable SEBI circulars dated 11 November 2024 and 31 December 2024, which prescribe the manner and content of disclosures relating to corporate actions such as the formation of subsidiaries.

Details of the New Subsidiary

The newly incorporated entity is named ACME Greentech Eighteen Private Limited. It has been established as a wholly owned subsidiary of ACME Solar Holdings Limited, meaning the Company holds 100% of its share capital. Further statutory details have been provided to the stock exchanges as part of the annexure to the disclosure.

Communication to Stock Exchanges

The intimation has been formally submitted to both BSE Limited and the National Stock Exchange of India Limited through their respective Corporate Relationship Departments. The disclosure ensures transparency and keeps investors and other stakeholders informed of changes within the corporate structure.

ACME Solar Holdings Share Price Performance

ACME Solar Holdings Limited shares were trading at ₹239.85, reflecting an increase of ₹2.01 or 0.85% from the previous close of ₹237.84. 

The stock opened at ₹238.88 and moved within a trading range of ₹235.49 to ₹240.30 during the session. 

Read More: Acme Solar Holdings Secures 130 MW Renewable Energy Project From REMC Limited.

Conclusion

The incorporation of ACME Greentech Eighteen Private Limited represents a routine corporate development disclosed in compliance with regulatory requirements. 

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. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.