Action Construction Equipments Ltd. — Board/Management Information 2024

Aug 28, 2024

Corporate & Registered Office

Action Construction Equipment Limited

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

Date: August 28, 2024

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To, The Manager Listing BSE Limited 5[th] Floor, P.J. Towers, Dalal Street, Mumbai-400001 Scrip Code: 532762

The Manager Listing

National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051 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 30[th] Annual General Meeting held on 27[th] August, 2024 at 12:00 Noon through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) have approved the re-appointment of the following Directors of the Company:-

1. Mrs. Surbhi Garg, as Whole Time Director designated as Executive Director.

2. Mr. Avinash Parkash Gandhi, as Non-Executive Independent Director.

3. Mrs. Divya Singal, as Non-Executive Independent Director (Independent Women 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 Digitally signed by ANIL KUMAR KUMAR Date: 2024.08.28 12:12:53 +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
		Mrs. Surbhi Garg (DIN: 01558782)	Mr. Avinash Parkash Gandhi (DIN: 00161107)	Dr. Divya Singal (DIN: 08722144)
1.	Reason for Change: Re-appointment	Re-appointment as Whole Time Director, designated as Executive Director.	Re-appointment as Non-Executive Independent Director.	Re-appointment as Non- Executive Independent Director.
2.	Date of appointment /re-appointment & Term of appointment	W.e.f April 01, 2025 for a period of 5 (five) years.	W.e.f October 01, 2024 for a period of 5 (five) years.	W.e.f April 01, 2025 for a period of 5 (five) years.
3.	Brief profile	Mrs. Surbhi Garg has been associated with the Company since 2011 as a Whole-Time Director of the Company. She looks after the Administration & HR functions of the Company. Under her supervision, the Company’s administrative affairs are being handled in a skilled manner. She has helped the company to formulate effective Policies.	Mr. Avinash Parkash Gandhi aged 85 years holds a rich experience of more than 55 years in top leadership positions such as Special Advisor, President, CEO, Director and other senior managerial position in several prestigious organizations. He was previously associated as President of Hyundai Motors India Limited and with Escorts Limited as the Chief Executive – R&D. He was also associated with Telco holding in senior positions in the area of manufacturing operations. Presently Mr. Gandhi is on the Boards of many reputed Companies namely, Lumax Auto Technologies Limited, Uniproducts (India) Limited,etc.	Dr. Divya Singal aged 63 years is a MBBS, DGO, FICOG, DIP ENDOSCOPY (FRANCE). She is Gynecologist, Infertility specialist & Laparoscopic Surgeon and president of 3HGyne forum, Secretary of Delhi Gyne forum (north) National Cooordinater Breast Committee, FOGSI (Federation ob/Gyne Society of India) and Ex-president of PTA, Apee Jay school, Pitampura, New Delhi.
4.	Disclosure of relationship between Directors	Mr. Vijay Agarwal, Chairman & Managing Director, Mrs. Mona Agarwal and Mr. Sorab Agarwal, Whole-Time Directors of the Company are relatives under clause 77 of section 2 of Companies Act, 2013 read with rules thereof.	None	None
5.	Confirmation	We confirm that Mrs. Surbhi Garg is not debarred from holding the office of Director by any SEBI order or any other such authority.	We confirm that Mr. Avinash Prakash Gandhi is not debarred from holding the office of Director by any SEBI order or any other such authority.	We confirm that Dr. Divya Singal is not debarred from holding the office of Director by any SEBI order or anyother such authority.

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