ACME Solar Holdings Limited has incorporated a wholly owned subsidiary, ACME Renewables FZCO in the United Arab Emirates. The entity was established on 14th October 2026 to facilitate the renewable energy supply chain of the company by means of procurement and supply chain management.
The new subsidiary will function as a platform for the assistance of project work and auxiliary functions. A central strategic objective is the hedging of important raw materials such as lithium carbonate and polysilicon, which are procured on the international markets. The move is aimed at stabilizing input costs and increasing operational efficiencies as far as the company’s renewable energy business is concerned.
Subsidiary Information
The incorporation was disclosed by way of filing to BSE as well as NSE under Regulation 30 of the SEBI LODR Regulations. It is a registered Free Zone Company – FZCO in the UAE, which is a strategic geographic location when it comes to international trade and logistics.
Strategic areas of focus
The subsidiary’s main function is to handle the renewable energy supply chain, its components along with storage products. Establishing a presence in the UAE means the company has access to world markets for key commodities.
- Purchase of renewable energy components
- Management of supply chain and logistics
- Project assistance services
- Hedging raw materials, such as lithium carbonate and polysilicon
The company said it did not need any specific government or regulatory approvals beyond the normal incorporation process in the UAE free zone. It is well to be noted that the issued share capital is AED 10,000, which is divided into 10,000 ordinary shares of AED 1 each.
