Action Construction Equipment Limited has informed the Exchange about appointment of M/s Vasisht & Associates, Company Secretaries, as the Secretarial Auditors ofthe Company for a term of five Consecutive Years to hold office from the conclusion of this AGM till theconclusion of AGM to be held in calendar year 2030 (April 01, 2025 to March 31, 2030).
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Action Construction Equipment Limited (ACE) has appointed M/s Vasisht & Associates, Company Secretaries, as its Secretarial Auditors for a period of five consecutive years, from April 1, 2025 to March 31, 2030. The appointment was recommended by the Board of Directors on May 26, 2025 and approved by shareholders at the company's 31st Annual General Meeting held on August 29, 2025. M/s Vasisht & Associates is a Faridabad-based professional services firm led by Mr. Shobhit Vasisht, offering secretarial compliance, corporate restructuring, legal advisory, FEMA compliance, and other corporate advisory services. The firm will also handle quarterly Share Capital Audit and the Annual Secretarial Compliance Report for the company.
This is a routine governance and compliance matter. The appointment of a secretarial auditor (separate from the statutory/financial auditor) is a standard regulatory requirement and does not typically affect stock price or shareholder value. It signals continuity in corporate compliance oversight.