Acme Solar Holdings Establishes Wholly Owned Subsidiary in Renewable Energy Sector
ACME Solar Holdings Limited has incorporated a wholly owned subsidiary (WOS) to strengthen its presence in the power generation and renewable energy market. The new entity is ACME Greentech Twenty One Private Limited, which commenced operations on May 11, 2026.ACME Greentech Twenty One Private Limited is positioned to undertake businesses focused on the development, establishment, and operation of power generation and renewable energy projects. The company's registered office is located in Gurugram, Hayana, India.
The incorporation structure details show that ACME Greentech Twenty One Private Limited is a wholly owned subsidiary of ACME Solar Holdings Limited.
The initial subscription for the WOS was completed entirely in cash. The company subscribed 10,000 equity shares, each having a face value of Rs.10/-, for a total subscription cost of Rs. 1,00,000/-.
Key details regarding the new subsidiary and the initial subscription are summarized below:
| Particular | Detail |
|---|---|
| Subsidiary Name | ACME Greentech Twenty One Private Limited |
| Date of Incorporation | May 11, 2026 |
| Registered Office | Gurugram, Hayana, India |
| Industry Sector | Power generation (renewable energy) |
| Nature of Consideration | 100% subscription to the initial paid-up share capital in cash |
| Total Subscription Cost | Rs. 1,00,000/- |
| Shareholding Percentage | 100% |
ACMESOLAR Stock Price Movement
Today, Acme Solar Holdings Limited shares edged higher, closing at ₹290.25 after gaining 4.31% on volume of 5.02 million shares. The stock recorded a substantial gain of ₹12.20, showing strong investor interest throughout the trading day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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