ACME Solar Holdings Limited submitted a regulatory filing to BSE Limited and National Stock Exchange of India Ltd pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026, as amended.
The disclosure confirms there has been no deviation or variation in the utilization of proceeds raised through a Qualified Institutions Placement (QIP). The QIP raised approximately INR 2800 Crores on June 04, 2026.
Key details from the statement:
- Reporting Period: Quarter ended June 30, 2026
- Monitoring Agency: Yes, CARE Ratings Limited
- Deviation/Variation: No deviation or variation occurred
- Shareholder Approval: Not applicable (since no deviation)
- Audit Committee Comments: Nil
- Auditor Comments: Nil
The company confirmed that fund utilization strictly followed the objects stated in the original Placement Document. The statement defines deviation/variation as: (a) Deviation in the objects or purposes for which funds were raised, (b) Deviation in the amount of funds actually utilized versus original disclosure, or (c) Change in terms of a contract referred to in the fund raising document.
The report has been made available on the company's website at www.acmesolar.in. The filing was signed by Rajesh Sodhi, Company Secretary and Compliance Officer, on July 29, 2026.