Acme Solar Holdings Incorporates Four Wholly Owned Subsidiaries for Renewable Energy Projects
Acme Solar Holdings Limited announced the incorporation of four wholly owned subsidiaries (WOS) aimed at expanding its focus on power generation and renewable energy projects. The move establishes four new corporate entities to undertake development, establishment, and operation within the renewable energy sector.The newly incorporated subsidiaries are:
- ACME Greentech Twenty Private Limited
- ACME Greentech Twenty Two Private Limited
- ACME Greentech Twenty Three Private Limited
- ACME Greentech Twenty Four Private Limited
All four subsidiaries were incorporated on May 09, 2026, with their registered office situated in Gurugram, Haryana, India. Acme Solar Holdings Limited confirmed that these entities are wholly owned by the listed parent company.
The purpose of the new subsidiaries is centered around the power generation and renewable energy sector, with their core objective being the development, establishment, and operation of such projects.
Acme Solar Holdings Limited detailed the key parameters of the new entities:
| Particular | ACME Greentech Twenty Private Limited | ACME Greentech Twenty Two Private Limited | ACME Greentech Twenty Three Private Limited | ACME Greentech Twenty Four Private Limited |
|---|---|---|---|---|
| Incorporation Date | May 09, 2026 | May 09, 2026 | May 09, 2026 | May 09, 2026 |
| Registered Office | Gurugram, Haryana, India | Gurugram, Haryana, India | Gurugram, Haryana, India | Gurugram, Haryana, India |
| Industry | Power generation (renewable energy) | Power generation (renewable energy) | Power generation (renewable energy) | Power generation (renewable energy) |
| Business Objective | To undertake businesses relating to development, establishment, and operation of power generation and renewable energy projects. | To undertake businesses relating to development, establishment, and operation of power generation and renewable energy projects. | To undertake businesses relating to development, establishment, and operation of power generation and renewable energy projects. | To undertake businesses relating to development, establishment, and operation of power generation and renewable energy projects. |
Regarding the financial details of the incorporation, the companies completed a 100% subscription to their initial paid-up share capital in cash. The consideration for this was structured as 10,000 equity shares, with a face value of Rs. 10/- each, resulting in a total cost of subscription of Rs. 1,00,000/-.
ACMESOLAR Stock Price Movement
On Friday, Acme Solar Holdings Limited shares slipped by 5.21% to settle at ₹282.80. The stock shed ₹15.55 on the day, finishing the session amid strong trading volume of 5.36 million shares.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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