Acme Solar Holdings Limited has announced the incorporation of a new wholly-owned subsidiary, Acme Greentech Sixteen Private Limited. The subsidiary's objective is to undertake business activities related to the development, establishment, and operation of power generation and renewable energy projects. The registered office of the new entity is located at Plot No. 152, Sector-44, Gurugram 122002, Haryana, India. The incorporation is a strategic move to expand the company's portfolio in renewable energy. Acme Solar Holdings Limited subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, amounting to ₹1,00,000. This consists of 10,000 equity shares, each with a face value of ₹10.