Nature of the Event
ACME Solar Holdings Limited has formed a wholly-owned subsidiary company named ACME Renewables FZCO in the United Arab Emirates. This disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR Regulations, 2015 and SEBI Master Circular Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Quantitative Figures
- Issued share capital: AED 10,000
- Share structure: 10,000 ordinary shares of AED 1 each
- Ownership: 100% held by ACME Solar Holdings Limited
Dates of Action
- Date of Certificate of Formation: October 14, 2026
- Disclosure date: October 14, 2026
- Previous intimation date: September 10, 2026
Parties Involved
- Listed Entity: ACME Solar Holdings Limited (CIN: L40106HR2015PLC102129)
- Subsidiary: ACME Renewables FZCO
Business Purpose and Rationale
The subsidiary will serve as a platform to support the Company's renewable energy business through:
- Procurement and supply chain management
- Project support and ancillary functions
- Hedging of raw materials for renewables (lithium carbonate, polysilicon, etc.) available in international markets
Industry Classification
The entity belongs to the renewable energy systems, components, and storage products supply chain management industry.
Consideration and Funding
- Nature of consideration: Cash
- No governmental or regulatory approvals required for incorporation
- No share swap involved
Corporate Structure Impact
The formation establishes ACME Renewables FZCO as a wholly-owned subsidiary and related party of ACME Solar Holdings Limited, expanding the company's international presence in the renewable energy sector.