ACME Solar Holdings Limited has announced the incorporation of a new wholly-owned subsidiary, ACME Greentech Twenty Nine Private Limited. This move is in line with the company’s strategy to expand its business objectives related to the development, establishment, and operation of power generation and renewable energy projects. The new entity was incorporated on September 18, 2026, with an initial investment of ₹1,00,000.
New Subsidiary for Renewable Energy Projects
ACME Solar Holdings Limited has officially announced the incorporation of its wholly-owned subsidiary, ACME Greentech Twenty Nine Private Limited. This strategic development, effective from September 18, 2026, marks a significant step in the company’s expansion plans within the renewable energy sector.
Business Objectives and Investment
The newly formed subsidiary is established with the objective of undertaking comprehensive activities in power generation and renewable energy, including development, establishment, and operation. The incorporation involved an initial subscription of 10,000 equity shares, each with a face value of ₹10, totaling ₹1,00,000, fully paid in cash. This investment represents 100% subscription to the initial paid-up share capital, underscoring ACME Solar Holdings’ complete ownership and commitment to this new venture.
Industry Focus
ACME Greentech Twenty Nine Private Limited will operate within the power generation (renewable energy) industry. The registered office of the new entity is located in Gurugram, Haryana, India.
Source: BSE
