13-Oct-2026 18:03:13
ACME SOLAR: INCORPORATES TWO WHOLLY OWNED SUBSIDIARIES FOR RENEWABLE ENERGY PROJECTS
• Company incorporates two wholly owned subsidiaries — Amshuman Renewables Private Limited and Urjita Powertech Private Limited. • Both subsidiaries were incorporated on October 13, 2026, with registered offices in Gurugram, Haryana. • New entities will focus on the development, establishment and operation of renewable energy power generation projects. • ACME Solar will hold 100% equity ownership in both subsidiaries. • Initial investment in each subsidiary stands at ₹1 lakh, comprising 10,000 equity shares of ₹10 each. • Incorporation supports the company's renewable energy project development and business expansion plans. Impact: Mildly Positive — New subsidiaries provide additional corporate structures for future renewable energy projects, although no specific project capacity, investment commitment or revenue contribution has been disclosed.
ACME SOLAR HOLDINGS LTD