ACE announces voting results of 32nd AGM; ordinary resolutions passed.
ACE's 32nd AGM on September 18, 2026, saw all ordinary resolutions passed. Key approvals include the FY26 financial statements and a final dividend of ₹2.00 per share. Mr. Sorab Agarwal was appointed as Director. A special resolution was passed for corporate loans and investments.
The passing of ordinary and special resolutions, including dividend approval and director appointment, has a moderate impact on the company's operations and shareholder value.
The announcement reports the successful passing of all resolutions at the AGM, including financial statement approvals and dividend declaration, which is positive for the company and its shareholders.
Action Construction Equipment Limited (ACE) has submitted the voting results for its 32nd Annual General Meeting (AGM), which was held on Friday, September 18, 2026, at 12:00 noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company announced that all ordinary resolutions presented at the meeting were passed with the requisite majority.
Key resolutions passed included the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. Shareholders also approved the declaration of a final dividend of ₹2.00 per equity share (100%) for the financial year ended March 31, 2026.
Additionally, the AGM saw the appointment of Mr. Sorab Agarwal (DIN: 00057666) as a Director, who was retiring by rotation. The remuneration of the cost auditors for the financial year ending March 31, 2027, was also ratified. A special resolution was passed to allow the company to provide loans, inter-corporate deposits, guarantees, and acquire securities of other bodies corporate, exceeding the limits prescribed in Section 186 of the Companies Act, 2013.
The company also provided details on the voting patterns, indicating overwhelming support for the ordinary resolutions, with a significant percentage of votes in favour. The total number of shareholders as of the record date, September 11, 2026, was 119,083,196. A copy of the Scrutinizer’s report is also enclosed with the filing.
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Action Construction Equipment Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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