ACME Solar Holdings has announced robust financial performance for the quarter and financial year ended March 31, 2026. The company reported a significant increase in standalone and consolidated revenue alongside key leadership transitions. Mr. Arun Chopra has been appointed as the new Chief Financial Officer, effective May 8, 2026, following the resignation of Mr. Rajat Kumar Singh. The company also announced strategic elevations within its senior finance leadership team to bolster future growth.
Financial Performance Highlights
For the financial year ended March 31, 2026, ACME Solar Holdings reported strong standalone revenue of Rs. 39,109.50 million, up from Rs. 13,521.01 million in the previous year. The standalone net profit for the year stood at Rs. 3,401.58 million. On a consolidated basis, the company achieved annual revenue of Rs. 20,233.79 million with a consolidated net profit of Rs. 4,978.85 million. The company successfully maintained an unmodified audit opinion for these results.
Leadership Transitions
The company announced a significant change in its executive leadership. Mr. Rajat Kumar Singh has resigned from his position as Group Chief Financial Officer due to personal reasons, with his departure effective May 8, 2026. Mr. Arun Chopra, who has been with ACME Group since 2018 and currently serves as Executive Vice President (Finance & Accounts), will assume the role of Chief Financial Officer starting May 8, 2026. Mr. Chopra brings over 30 years of experience to the role, with a focus on project financing and treasury management.
Strategic Senior Management Elevation
In addition to the CFO transition, the company has elevated two senior leaders to non-board positions to strengthen its financial foundation. Mr. Purushottam Kejriwal has been appointed as Director-Project Finance, while Mr. Ankit Verma has been appointed as Director-Corporate Finance & Investor Relations. Both leaders have been instrumental in driving the company’s financial strategy, fund-raising, and growth initiatives since joining in 2024.
Operational Updates
The company continues to focus on organizational development, including the approval of a Postal Ballot Notice to seek shareholder approval for amendments to the Employee Stock Option Plan 2024. Furthermore, the company re-appointed M/s AAPT & Associates as Internal Auditors for a six-month term ending September 30, 2026, ensuring continued operational oversight.
Source: BSE
