ACME Solar Holdings Limited has incorporated a wholly owned subsidiary named "ACME Greentech Twenty Nine Private Limited" on September 18, 2026. The subsidiary was incorporated in Gurugram, Haryana, India.
The new subsidiary operates in the power generation sector with a specific focus on renewable energy. Its business objective is to undertake development, establishment and operation of power generation and renewable energy projects.
The listed entity has subscribed to 100% of the initial paid-up share capital through cash consideration. The total investment amount is ₹1,00,000, representing subscription to 10,000 equity shares with a face value of ₹10 each.
The document was signed by Rajesh Sodhi, Company Secretary and Compliance Officer of ACME Solar Holdings Limited, on September 19, 2026.
Financial Impact
The financial impact of this subsidiary incorporation is limited to the initial investment of ₹1,00,000. The disclosure does not mention any additional financial commitments or projected investments at this stage.