Acme Solar Holdings Limited — Others, 29-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

ACME Solar Holdings Limited has announced a board meeting regarding their statement confirming no deviation in the utilization of proceeds from their INR 2,900 crore Initial Public Offer (IPO) for the quarter ending December 31, 2024. The company verified that all funds raised are being used as originally intended, without any variations. This clarity likely boosts investor confidence in ACME's financial discipline and strengthens their operational transparency. Overall, this positive update suggests a strong commitment to responsible fund management, which may enhance sentiment among shareholders.