ACME Solar Holdings Limited has announced the launch of its Qualified Institutions Placement (QIP) of equity shares as part of its strategy to raise capital for future growth and business expansion. The company made the announcement through a regulatory filing submitted to the BSE and NSE on June 1, 2026.
The decision to proceed with the QIP follows a series of approvals received over the past several months. The company’s Board of Directors had first approved the fundraising proposal during a meeting held on August 27, 2025. Later, shareholders gave their approval through a special resolution passed at the Annual General Meeting conducted on September 29, 2025.
Further progress was made on June 1, 2026, when the Fundraising Committee of the company met to finalize important details related to the issue. The meeting started at 7:25 PM and concluded at 7:43 PM. During the meeting, the committee approved the opening of the QIP issue with effect from June 1, 2026.
The committee also finalized the pricing framework for the issue. The equity shares being offered under the QIP have a face value of ₹2 each. In accordance with the Securities and Exchange Board of India (SEBI) regulations, June 1, 2026, was fixed as the “Relevant Date” for determining the issue price.
Based on the pricing formula prescribed under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the floor price for the QIP has been set at ₹294.13 per equity share. The company also stated that it may offer a discount of up to 5% on the floor price. This flexibility is available because of the approval granted by shareholders through the special resolution passed earlier.
Along with the pricing decisions, the Fundraising Committee approved the preliminary placement document and the related application form, both dated June 1, 2026. The company said that the document would be filed with the stock exchanges and made available on its official website for public access.
ACME Solar also confirmed that the trading window for dealing in the company’s securities remains closed. The restriction has been implemented in compliance with SEBI’s insider trading regulations and the company’s internal code of conduct. The trading window will remain closed until further notice.
The regulatory filing was signed by the Company Secretary and Compliance Officer of ACME Solar Holdings Limited. The disclosure was made under SEBI’s Listing Obligations and Disclosure Requirements Regulations, reflecting the company’s commitment to transparency and regulatory compliance during the fundraising process.
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