Action Construction Equipment Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 29, 2025
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Action Construction Equipment Limited held its 31st AGM on August 29, 2025 via video conferencing, starting at 12:00 noon and ending at 1:10 PM. Chairman and Managing Director Mr. Vijay Agarwal chaired the meeting, with CFO Mr. Rajan Luthra and all directors present except Mr. Sorab Agarwal and Mr. Avinash Parkash Gandhi. Shareholders adopted the audited standalone and consolidated financial statements for FY2024-25, with no qualifications or adverse remarks from statutory or secretarial auditors. A final dividend of Rs. 2.00 per equity share (100%) was declared for FY ended March 31, 2025. The meeting also covered ratification of cost auditors' remuneration, appointment of secretarial auditor, and re-appointment of two independent directors (Mr. Shriniwas Vashisht and Dr. Jagan Nath Chamber). Mrs. Surbhi Garg retired by rotation as director. Voting results will be declared separately.
A 100% final dividend of Rs. 2.00 per share is positive for shareholders, signalling continued profitability and shareholder returns. Clean auditor reports and routine governance items suggest business stability, though the actual voting results on resolutions are still pending and could influence near-term sentiment.