ACME Solar Holdings544283Subsidiary or JV
New wholly-owned subsidiary formed in UAE to support renewables supply chain
A wholly-owned subsidiary named ACME Renewables FZCO has been formed in the United Arab Emirates.
By ScoutQuest · · 1 min read
100%Shareholding held by the Company
- Issued Share Capital
- AED 10,000, divided into 10,000 ordinary shares of AED 1 each
- Holding in New Entity
- 100%
- Consideration
- cash
New arm in the UAE
- ACME Solar Holdings has formed a wholly-owned subsidiary named ACME Renewables FZCO in the United Arab Emirates.
- The Certificate of Formation is dated October 14, 2026, and the entity is a related party of the listed company because it is 100% held.
- The company had earlier intimated this matter on September 10, 2026.
What the new entity will do
- Its stated industry is renewable energy systems, components and storage products supply chain management.
- It is set up as a platform to support the company's renewable energy business through procurement, supply chain management, project support and other ancillary functions.
- This includes hedging of raw materials used in renewables, such as lithium carbonate and polysilicon, which are available in international markets.
How it is funded
- Nature of consideration: cash.
- Issued share capital: AED 10,000, divided into 10,000 ordinary shares of AED 1 each.
- Shareholding and control of the listed entity in the new entity: 100%.
How to read it
- Forming a wholly-owned subsidiary is a corporate structure step; the amount committed is the issued share capital of the new company.
- The stated purpose is sourcing and price-risk management for raw materials — a supply-chain function for the existing renewables business.
- Governmental or regulatory approvals for the incorporation are marked Not Applicable.
Also from ACME Solar Holdings
Additional 17.91 MW/74.323 MWh of BESS commissioned at Rajasthan FDRE project
23 Oct 2026
ACME Solar Holdings to hold Q2 & H1 FY27 earnings call on October 29, 2026 at 12:00 PM IST
23 Oct 2026
Board meeting on October 28, 2026 to consider and approve September quarter results
21 Oct 2026
More numbers
- Issued share capital of the new subsidiaryAED 10,000
- Ordinary shares issued by the new subsidiary10,000 ordinary shares
- Face value per ordinary shareAED 1
- Shareholding held by the Company100%
Source: BSE · 14 Oct 2026
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