Action Construction Equipment Limited has informed the Exchange about E-voting result of 31st AGM
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Action Construction Equipment Limited held its 31st AGM on August 29, 2025 via video conferencing. All seven resolutions were passed with overwhelming majority. Key items approved include the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025 (99.87% in favour), declaration of a final dividend of Rs. 2.00 per equity share (99.998% in favour), ratification of cost auditor remuneration, appointment of secretarial auditor, and re-appointment of two independent directors (Mr. Shriniwas Vashisht and Dr. Jagan Nath Chamber). Voting turnout was about 78.86% of outstanding shares (roughly 9.39 crore shares). The appointment of Mrs. Surbhi Garg as a rotating director received the lowest support at 98.84%, with public institutions showing notable dissent (~1.46% against).
Shareholders are set to receive a Rs. 2.00 per share dividend. The near-unanimous approval across all routine and special resolutions signals strong shareholder confidence and stable governance, with no material governance concerns raised at the AGM.