Action Construction Equipment Limited submitted voting results for its 32nd Annual General Meeting held on September 18, 2026 at 12:00 noon through Video Conferencing/Other Audio Visual Means. The record date for e-voting was September 11, 2026, with 188,022 shareholders eligible to vote.

Attendance Details

  • Promoters and Promoter Group attendees: 4
  • Public shareholders attendees: 78

Resolution Voting Results

1. Adoption of Audited Financial Statements

  • Standalone Financial Statements for FY26: Passed with 100% approval
  • Total votes polled: 92,154,212 shares (77.39% of outstanding shares)
  • Votes in favor: 92,153,561 shares (100.00% of votes polled)
  • Votes against: 651 shares (0.00% of votes polled)
  • Consolidated Financial Statements for FY26: Passed with 100% approval
  • Total votes polled: 92,154,212 shares (77.39% of outstanding shares)
  • Votes in favor: 92,153,561 shares (100.00% of votes polled)
  • Votes against: 651 shares (0.00% of votes polled)

2. Final Dividend Declaration

  • Dividend amount: ₹2.00 per equity share (100%)
  • Passed with 99.99% approval
  • Total votes polled: 92,156,378 shares (77.39% of outstanding shares)
  • Votes in favor: 92,145,669 shares (99.99% of votes polled)
  • Votes against: 10,709 shares (0.01% of votes polled)

3. Appointment of Director

  • Mr. Sorab Agarwal (DIN: 00057666) reappointed as director
  • Passed with 99.59% approval
  • Total votes polled: 14,296,139 shares (12.01% of outstanding shares)
  • Votes in favor: 14,237,800 shares (99.59% of votes polled)
  • Votes against: 58,339 shares (0.41% of votes polled)

4. Ratification of Cost Auditors' Remuneration

  • For financial year ending March 31, 2027
  • Passed with 100.00% approval
  • Total votes polled: 92,154,202 shares (77.39% of outstanding shares)
  • Votes in favor: 92,152,938 shares (100.00% of votes polled)
  • Votes against: 1,264 shares (0.00% of votes polled)

5. Special Resolution: Inter-Corporate Loans and Investments

  • To give loans, inter-corporate deposits, guarantees, and acquire securities of other body corporates in excess of limits prescribed under Section 186 of Companies Act, 2013
  • Passed with 93.27% approval
  • Total votes polled: 91,667,764 shares (76.98% of outstanding shares)
  • Votes in favor: 85,500,386 shares (93.27% of votes polled)
  • Votes against: 6,167,378 shares (6.73% of votes polled)

Scrutinizer's Report

CS Shobhit Vasisht of M/s Vasisht & Associates was appointed as scrutinizer. The e-voting service was provided by National Securities Depository Limited (NSDL). The remote e-voting period was from September 14, 2026 (9:00 AM) to September 17, 2026 (5:00 PM), with additional e-voting facility provided during the AGM. Newspaper advertisements were published in Financial Express (English) and Jansatta (Hindi) on August 22, 2026 and August 26, 2026.

The scrutinizer confirmed that all resolutions were approved with requisite majority. The electronic voting data will be handed over to the company for preservation after the Chairman approves and signs the minutes of the AGM.