Re-appointments of following Independent Non-Executive Directors of the Company subject to the approval of the shareholders of the Company.1. Mr. Shriniwas vashisht, as Independent Non-Executive Director.2. Dr. Jagan Nath Chamber, as Independent Non-Executive Director
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Action Construction Equipment Limited has announced the re-appointment of two Independent Non-Executive Directors — Mr. Shriniwas Vashisht and Dr. Jagan Nath Chamber — subject to shareholder approval. Re-appointments of independent directors are typically done for a second term of up to five years under SEBI regulations, after evaluating their performance on the board. This is a routine corporate governance action that ensures board continuity. No changes to executive leadership or promoter involvement are indicated.
This is a routine governance announcement with no material impact on the stock price. Shareholders will get to vote on the re-appointments, but the directors' continuation supports board stability.