News ArticleACME Solar Holdings Confirms Full Compliance in Use of INR 2800 Crores Raised via Qualified Institutions Placement
No deviation reported in fund usage for quarter ended September 30, 2026, as per SEBI regulation and monitoring by CARE Ratings Limited
ACME Solar Holdings Limited reported no deviation or variation in the utilization of proceeds amounting to INR 2800 Crores raised through Qualified Institutions Placement on June 4, 2026, for the quarter ended September 30, 2026. The utilization aligns fully with the originally stated objectives as monitored by CARE Ratings Limited.
ACME Solar Holdings Limited
General / Other
ACME Solar Holdings Limited has declared no deviation or variation in the utilization of INR 2800 Crores raised through a Qualified Institutions Placement on June 4, 2026, for the quarter ended September 30, 2026, confirming compliance with regulatory requirements and internal monitoring.
The funds raised through the Qualified Institutions Placement are being used strictly as per the original objectives stated in the Placement Document.
Monitoring agency CARE Ratings Limited has been overseeing the usage of proceeds to ensure adherence to intended purposes.
No changes in terms, contracts, or contracts approved by shareholders have been reported in relation to the use of the funds.
Audit Committee and auditors have not made any comments indicating deviation or concerns regarding utilization.
The company has filed the statement as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing transparency to stakeholders.
Highlights
- INR 2800 Crores raised via Qualified Institutions Placement on June 4, 2026.
- No deviation or variation in fund utilization for quarter ended September 30, 2026.
- Monitoring agency: CARE Ratings Limited ensuring compliance.
- No shareholder approvals required as there were no changes in fund usage.
- Statement filed under SEBI Regulation 32 for investor and regulatory transparency.
Key Data Snapshot
What happened
- ACME Solar Holdings Limited raised approximately INR 2800 Crores through Qualified Institutions Placement on June 04, 2026.
- For the quarter ended September 30, 2026, the company reported no deviation or variation in the utilization of these funds.
- The usage of funds aligns strictly with the originally disclosed purposes in the Placement Document.
Regulatory and governance context
- The statement of deviation or variation has been filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- CARE Ratings Limited has been appointed as the monitoring agency for the utilization of proceeds.
- No changes requiring shareholder approval or resulting in deviation were reported during the quarter.
- Audit Committee and auditor reviews noted no discrepancies or concerns related to fund usage.
Highlights
- INR 2800 Crores raised via Qualified Institutions Placement on June 4, 2026.
- No deviation or variation in fund utilization for quarter ended September 30, 2026.
- Monitoring agency: CARE Ratings Limited ensuring compliance.
- No shareholder approvals required as there were no changes in fund usage.
- Statement filed under SEBI Regulation 32 for investor and regulatory transparency.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular dated January 30, 2026
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