Action Construction Equipments Ltd. — Board/Management Information 2023

Aug 26, 2023

Corporate & Registered Office

Action Construction Equipment Limited

Dudhola Link Road, Dudhola, Distt. Palwal-121102, Haryana, India

Date: August 26, 2023

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To, The Manager Listing The Manager Listing BSE Limited National Stock Exchange of India Ltd. 5[th] Floor, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai-400001 Mumbai-400051 Scrip Code: 532762 CM Quote: ACE

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Members of the Company in their 29[th] Annual General Meeting held on 25[th] August, 2023 at 12:00 Noon through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) have approved the re-appointment including remuneration of the following Whole Time Directors including Chairman & Managing Director of the Company:-

1. Mr. Vijay Agarwal, as Chairman & Managing Director.

2. Mrs. Mona Agarwal, as Whole Time Director designated as Executive Director.

3. Mr. Sorab Agarwal, as Whole Time Director designated as Executive Director.

The information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in Annexure-1

This is for your information and record please.

Thanking You.

Yours faithfully,

For Action Construction Equipment Limited

ANIL KUMAR Digitally signed by ANIL KUMAR DN: c=IN, postalCode=121006, st=HARYANA, l=FARIDABAD, o=Personal, serialNumber=c69127d248f7209479cfd1acbf291cc10ed601a979bf6bcb944845f16be31b0c, pseudonym=486520211115144043002, 2.5.4.20=0385376578c5db8cf99f6f833ee2c53dabcad74d452286710aa52c511344a9ad, email=CS@ACE-CRANES.COM, cn=ANIL KUMAR, title=4865 Date: 2023.08.26 17:06:40 +05'30'

Anil Kumar

Company Secretary & Compliance Officer

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Corporate Office: Phone: +91-1275-280111 (50 Lines), Fax: +91-1275-280133, E-mail: works2@ace-cranes.com Mktg. H.Q. : 4th Floor, Pinnacle, Surajkund, Faridabad, NCR-121009, Phone: +91-129-4550000 (100 Lines), Fax: +91-129-4550022, Email: marketing@acecranes.com Customer Care No.:1800 1800 004 (Toll Free), CIN: L74899HR1995PLC053860, Website: www.ace-cranes.com

ANNEXURE-1

S.N	Particulars	Details of Directors
		**Mr. Vijay Agarwal **	**Mrs. Mona Agarwal **	**Mr. Sorab Agarwal **
1.	Reason forChange:Re-appointment	Re-appointment as Chairman &Managing Director.	Re-appointment as Whole TimeDirector, designated as ExecutiveDirector	Re-appointment as Whole TimeDirector, designated as ExecutiveDirector
2.	Date ofappointment /re-appointment &Term ofappointment	The members of the Companyhave re-appointed Mr. VijayAgarwal as Chairman ManagingDirector in their 29thAGM heldon 25thAugust, 2023 for a periodof 5 (five) years w.e.f01stOctober,2023.	The members of the Company havere-appointed Mrs. Mona Agarwal asWhole Time Director in their 29thAGM held on 25thAugust, 2023 for aperiod of 5 (five) years w.e.f01stOctober, 2023.	The members of the Company havere-appointed Mr. Sorab Agarwal asWhole Time Director in their 29thAGM held on 25thAugust, 2023 fora period of 5 (five) years w.e.f01stOctober, 2023.
3.	Brief profile	Mr. Vijay Agarwal, aged 74years, is a promoter and Chairman& Managing Director of theCompany. Mr. Vijay Agarwal ishaving over 51 years of industryexperience in the field of materialhandling and heavy engineeringindustry to his credit. He has adegree in Mechanical Engineering& MBA from Faculty ofManagement Studies (FMS),Delhi. Due to his vast experiencein his field and continuous efforts,the company has achievedoverwhelming success in a shortspan of 29 years. It was due to hispersistence and never tiringefforts, that the Company is ableto achieve the growth in the past.He has single handedly mentoredthe Company and has proved tobe a guiding light throughout allthese years of the Company'sjourney. He has excellent graspand through knowledge withoverall experience of generalmanagement includingengineering& technology.	Mrs. Mona Agarwal, aged 67 years,is a Promoter and Whole TimeDirector of the Company. She ishaving over 29 years of industryexperience in the field ofadministrative and Human Resourceaffairs. Under her guidance, thecompany's administrative affairs arebeing handled in a professionalmanner and she has helped thecompany to formulate effectivepolicies. She has proved to be aguiding light throughout all theseyears of the Company's journey. Shehas excellent grasp and throughknowledge with overall experience ofgeneral management.	Mr. Sorab Agarwal, aged 46 yearshas a degree in MechanicalEngineering and is looking after themarketing functions of theCompany. Mr. Sorab Agarwal hasbeen associated with the companyfor last 26 years and under hisguidance and remarkable marketingcapabilities, the Company hasventured into new territories and itsmarket share has increasedconsiderably. He has played amajor role in setting up all Indiacompetent Sales & Servicesnetwork, aimed at achieving targetoriented results. He takes care forbrand building of the Company. Hehas excellent grasp and thoroughknowledge and experience ofgeneral management besidestechnology & engineering aspect ofproducts and marketing ability.
4.	Disclosure ofrelationshipbetweenDirectors	Mrs. Mona Agarwal, Mr. SorabAgarwal and Mrs. Surbhi Garg,Whole Time Directors of theCompany are relatives of Mr.Vijay Agarwal under clause 77 ofsection 2 of Companies Act, 2013read with rules thereof.	Mr. Vijay Agarwal, Chairman &Managing Director, Mr. SorabAgarwal and Mrs. Surbhi Garg,Whole Time Directors of theCompany are relatives of Mrs. MonaAgarwal under clause 77 of section 2of Companies Act, 2013 read withrules thereof.	Mr. Vijay Agarwal, Chairman &Managing Director, Mrs. MonaAgarwal and Mrs. Surbhi Garg,Whole Time Directors of theCompany are relatives of Mr.Sorab Agarwal under clause 77 ofsection 2 of Companies Act, 2013read with rules thereof.
5.	Information asrequired underBSE circular no.LIST/COMP/14/2018-19 and NSEcircular no.NSE/CML/2018/24, dated June 20,2018	We confirm that Mr. VijayAgarwal is not debarred fromholding the office of Director byany SEBI order or any other suchauthority.	We confirm that Mrs. Mona Agarwalis not debarred from holding theoffice of Director by any SEBI orderor any other such authority.	We confirm that Mr. SorabAgarwal is not debarred fromholding the office of Director byany SEBI order or any other suchauthority.

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