Board appoints Nikhil Dhingra as Joint Managing Director for 5 years; Whole-Time Director role superseded

Mr. Nikhil Dhingra appointed Joint Managing Director for 5 (five) years from October 03, 2026 to October 02, 2031; his existing Whole-Time Director post stands superseded; he continues as Chief Executive Officer.

Sat 3 Oct 2026

Appointment

Mr. Nikhil Dhingra appointed Joint Managing Director for 5 (five) years

Effective Period

October 03, 2026 to October 02, 2031

DIN

07835556

Approval Condition

subject to the approval of the members of the Company

Other Role

continues as Chief Executive Officer of the Company

Board approves a leadership change

At its meeting held on October 03, 2026, the Board of Directors of ACME Solar Holdings Ltd appointed Mr. Nikhil Dhingra (DIN: 07835556) as Joint Managing Director of the Company for a period of 5 (five) years, with effect from October 03, 2026 until October 02, 2031.

The appointment is on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the members of the Company.

What changes for him

• His existing appointment as Whole-Time Director stands superseded.
• He continues as Chief Executive Officer of the Company.

The move therefore shifts him from Whole-Time Director to Joint Managing Director while he stays on as CEO.

Who is Mr. Nikhil Dhingra:

He is described as a seasoned business leader with over 21 years of multi-sector experience across infrastructure, renewable energy, investment banking, consulting and technology. He is an alumnus of NIT Kurukshetra (Electrical Engineering) and IIM Bangalore. His career includes leadership roles as CEO of Oriental Tollways and ACME Solar Holdings, along with key stints at ICICI Securities, PwC, Infosys and SAP Labs.

The update also sets out the track record cited for his stewardship since February 2023

• INR 2,900 crore raised via IPO and INR 2,800 crore via QIP
• Standalone net worth scaled to INR 4,951.59 crore, alongside a credit rating upgrade to AA-/Stable
• 52% EBITDA CAGR since FY24, reaching INR 2,265 crore in FY26
• Operational capacity expanded to 2,990 MW
• Battery storage capacity of ~5GWh
• A contracted portfolio of ~ 8.4 GW

Other disclosures in the annexure

• There is no relationship inter-se between directors.
• Declaration that Mr. Dhingra is not debarred from holding office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other authority.

Meeting timing

The Board meeting started at 6.36 p.m. IST and concluded at 6.45 p.m. IST.

How to read it

This is a board-level change in management where the key executive continues in the CEO role while taking on a Joint Managing Director designation, and the appointment takes effect only after members approve it. For a retail investor, the information to track is the continuation of the current chief executive in the top role and the member approval that the appointment is subject to.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.