Nature of change: Appointment of Mr. Nikhil Dhingra (DIN: 07835556) as (Joint) Managing Director of the Company
Effective date and tenure: Appointment is for a period of 5 years commencing from October 03, 2026 until October 02, 2031
Previous role: His existing appointment as Whole-Time Director stands superseded. Mr. Dhingra continues as Chief Executive Officer of the Company
Profile and qualifications: Mr. Nikhil Dhingra has over 21 years of multi-sectoral experience across infrastructure, renewable energy, investment banking, consulting, and technology. He is an alumnus of NIT Kurukshetra (Electrical Engineering) and IIM Bangalore. His career includes leadership roles as CEO of Oriental Tollways and ACME Solar Holdings, with stints at ICICI Securities, PwC, Infosys, and SAP Labs
Achievements: Under his stewardship since February 2023, the Company successfully raised INR 2,900 crore via IPO and INR 2,800 crore via QIP, scaled standalone net worth to INR 4,951.59 crore, achieved credit rating upgrade to AA-/Stable, delivered 52% EBITDA CAGR since FY24 (reaching INR 2,265 crore in FY26), expanded operational capacity to 2,990 MW and battery storage capacities to ~5GWh, and secured ~8.4 GW contracted portfolio
Relationships: No relationship inter-se with other directors
Eligibility: Mr. Nikhil Dhingra is not debarred from holding office of Director by virtue of any order passed by Securities and Exchange Board of India or any other authority, as per BSE circular no. LIST/COMP/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018
Approval process: Appointment was made on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the members of the Company
Key Financial or Operational Approvals
The Board meeting was held on October 03, 2026, starting at 6.36 p.m. IST and concluding at 6.45 p.m. IST
No financial results or other approvals were mentioned in this disclosure beyond the director appointment
Strategic or Business Context
The Company has transformed into an integrated renewable energy platform under Mr. Dhingra's leadership
The appointment supports the Company's continued scaling of its footprint in the clean energy sector
The Company benefits from Mr. Dhingra's extensive strategic vision and execution capabilities
Any Other Material Information
The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
Reference is made to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
The information is available on the company website: www.acmesolar.in
Company CIN: L40106HR2015PLC102129
Corporate Office: 4th, 6th to 8th Floor, Block A1, DLF World Tech Park, DLF IT SEZ Silokhera, Sector 30, Gurugram, Haryana 122001 India
