Action Construction Equipment Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 29, 2025
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Action Construction Equipment Limited (ACE) has submitted the voting results and Scrutinizer's report for its 31st AGM held on August 29, 2025 via video conferencing. Eight resolutions were put to vote, covering adoption of audited standalone and consolidated financial statements for FY25, declaration of a Rs. 2.00 (100%) final dividend per equity share, re-appointment of a rotational director (Mrs. Surbhi Garg), ratification of cost auditor remuneration, appointment of secretarial auditor, and re-appointment of two independent directors (Mr. Shriniwas Vashisht and Dr. Jagan Nath Chamber). Out of 11.91 crore total outstanding shares, around 7.39 crore (78.86% of outstanding shares) participated in voting. All resolutions were passed with overwhelming majority — between 98.84% and 100% of valid votes cast in favour, with the highest dissent (1.16%) on the director re-appointment resolution and near-unanimous support on the dividend and audit-related resolutions.
All AGM resolutions, including the Rs. 2 per share dividend and key board appointments, were comfortably approved, signalling strong shareholder confidence and stable governance. The Rs. 2 final dividend will benefit existing shareholders and is a routine positive cash return event.