Action Construction Equipments Ltd. — Regulatory Filings 2021

Jun 21, 2021

Action Construction Equipment Ltd.

Corporate & Regd. Office Dudhola Link Road, Dudhola, Distt. Palwal - 121102, Haryana, India

Date: June 21, 2021

To, The Manager Listing BSE Limited 5th Floor, PJ. 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 of Related Party Transactions for the half year ended March 31, 2021.

Ref: Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations").

Dear Sir/Madam,

In Compliance with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we hereby submit the attached disclosure on Related Party Transactions, drawn in accordance with applicable accounting standards for the half year ended March 31, 2021.

This is for your information and record please.

Thanking You.

Yours faithfully, For Action Construction Equipment Limited

Anil Kumar Company Secretary & Compliance Officer

End: as above

works2@a Mktg. H.Q.: 4th Floor, Pinnacle, Surajkund, Faridabad, NCR-121009, Phone: +91-129-4550000 (100 Lines). Fax: +91-129-4550022, E-mail: marketing@ace-cranes.com :> Customer Care No.: 1800 1800004 (Toll Free), CIN: L74899HR1995PLC053860 >

ACTION CONSTRUCTION EQUIPMENT LIMITED

Regd. Office: Dudhola Link Road, Dudhola, Distt. Palwal-12l102, Haryana Email:cs@ace-cranes.com, Phone: 01275-280111, Fax: 01275-280133, CIN:L 74899HR1995PLC053860, Websiterwww.ace-cranes.com

RELATED PARTY TRANSACTIONS FOR THE HALF YEAR ENDED MARCH 31, 2021 (Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended)

1. Name of Related Parties:

(a) Subsidiary/ies: SC Forma SA, Namo Metals (Partnership Firm)

(b) Key management personnel:

Mr. Vijay Agarwal	: Chairman & Managing Director
Mrs. Mona Agarwal	: Whole - Time Director
Mr. Sorab Agarwal	: Whole - Time Director
Mrs. Surbhi Garg	: Whole - Time Director
Mr. Girish Narain Mehra	: Independent Director (Retirement w.e.f.25.09.2020)
Mr. Keshav Chandra Agrawal	: Independent Director (Retirement w.e.f.25.09.2020)
Mr. Subhash Chander Verma	: Independent Director (Retirement w.e.f.25.09.2020)
Mr. Avinash Parkash Gandhi	: Independent Director (Appointed w.e.f.01.10.2019)
Dr. Divya Singhal	: Independent Women Director (Appointed w.e.f.O1.04.2020)
Mr. Shriniwas Vashisht	: Independent Director (Appointed w.e.f.24.09.2020)
Dr. Jagan Nath Chamber	: Independent Director (Appointed w.e.f.06.11.2020)
Mr. Rajan Luthra	: Chief Financial Officer
Mr. AnilKumar	: Company Secretary &Compliance Officer

(c) Enterprises owned or significantly influenced by Key Management Personnel or their relatives:

VMS Equipment Private Limited Rotadrill India Private Limited Reachall India Private Limited ACE Emergency Response Trust ACE Employees Group Gratuity Scheme Trust

2. Transactions with related party:

(a) Transactions with Subsidiaries, Associates, significantly influenced enterprises:

						(Rs. in Lakhs)
Nature ofTransaction	VMSEquipmentPrivateLimited	RotadrillIndiaPrivateLimited	ReachallIndiaPrivateLimited	NamoMetals-	ACEEmergencyResponseTrust	Total
Sale of Goods	1321.42	155.00	2171.30	-	-	3647.72
Purchase ofGoods	-	-	-	-	-	-
Rent Received	2.22	0.60	1.20	-	0.58	4.60

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:~~Acuon Construction Equipment l.imi!c'd ~ '..-- Lu..__:- \ Rajan l.ulhra Cilief Financial Officer (C~O)

Donations/CSRPaid	-	-	-	-	92.24	92.24
Investment inequity	-	-	-	0.24	-	0.24

(b) Transaction with Key Management Personnel:

						(Rs.in Lakhs)
Name of Party/ Nature	Short-term		Divided	License	Sale of	Purcha	Servic	Total
of Transaction		Employeesbenefits	paid	fee paid	Immovab	se of	e
	Remun	Perquisites			Ie	Immov	Rende
	eration	and other			Property	albe	red/
		benefits				Propert	sitting
						y	fees
Mr. Vijay Agarwal	168.00	17.96	-	18.80	-	530.53	-	735.29
Mrs. Mona Agarwal	82.60	8.93	-	-	1160.00	150.00	-	1401.53
Mr. Sorab Agarwal	31.85	4.06	-	-	-	-	-	35.91
Mrs. Surbhi Garg	28.00	12.36	-	13.20	-	-	-	53.56
Mr. Avinash Parkash	-	-	-	-	-	-	1.15	1.15
Gandhi
Dr. Divya Singhal	-	-	-	-	-	-	1.15	1.15
Mr. Shriniwas	-	-	-	-	-	-	1.15	1.15
Vashisht
Dr. Jagan Nath	-	-	-	-	-	-	1.00	1.00
Chamber
Mr. Raian Luthra	31.37	0.20	-	-	-	-	-	31.57
Mr. Anil Kumar	3.78	-	-	-	-	-	-	3.78

(c) Outstanding balances arising from sales/purchase of goods and services:

		(Rs. in Lakhs)
Name of the Party	Natureof Transaction	Amount
VMS Equipment Private Limited	Amount Receivable	581.78
Rotadrill India Private Limited	Amount Receivable	476.75
Reachall India Private Limited	Amount Receivable	2564.24

(d) Terms and conditions of transactions with related parties:

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the year-end are unsecured, interest free and will be settled in cash. There have been no guarantees received or provided for any related receivables or payables.

t For and on behalf of Action Construction Equipment Limited

, ~c- \c-

Rajan Luthra Chief Financial Officer

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