ACME Solar Appoints BSR & Co. LLP as Joint Auditor, Approves MOA Alteration & AGM Details
ACME Solar's Board appointed BSR & Co. LLP as Joint Statutory Auditors for five years. The company also approved alterations to its MOA for power and data center businesses. The 11th AGM is scheduled for September 29, 2026, with remote e-voting from September 26-28.
The appointment of a new joint statutory auditor and alteration of MOA to include new business areas are significant corporate actions that could have a medium-term impact on the company's operations and strategic direction.
The announcement details routine corporate actions such as auditor appointment, MOA alteration, and AGM scheduling, which do not inherently present a positive or negative outlook for the company.
ACME Solar Holdings Limited announced that its Board of Directors, in a meeting held on September 1, 2026, approved the appointment of M/s. BSR & Co. LLP, Chartered Accountants, as Joint Statutory Auditors for a term of five years, succeeding M/s. Walker Chandiok & Co. LLP. This appointment is subject to member approval at the upcoming 11th Annual General Meeting (AGM).
The Board also approved the alteration of the Memorandum of Association (MOA) to include new clauses related to the businesses of electricity and power generation, storage, transmission, distribution, trading, and related infrastructure, as well as data centers and digital infrastructure services. These alterations are also subject to shareholder approval at the 11th AGM.
Furthermore, the Board recommended the re-appointment of Mr. Nikhil Dhingra as a Director liable to retire by rotation. The 11th AGM has been scheduled for Tuesday, September 29, 2026, at 03:00 P.M. IST, to be conducted via Video Conferencing. The cut-off date for determining member eligibility to vote is September 23, 2026, with remote e-voting available from September 26 to September 28, 2026.
A plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.