ACTION CONSTRUCTION EQUIPMENT LTD. - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Further to our letter dated September 24, 2021 informing about allotment of 56,00,000 equity shares of face value Rs. 2 each, please find attached herewith revised letter for having a typo error in Annexure A. Action Construction Equipment Ltd - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Please note that the Qualified Institutions Placement Committee ('QIP Committee') has, at its meeting held today i.e. September 24, 2021 approved the issue and allotment of 56,00,000 Equity Shares of face value ? 2 each to eligible qualified institutional buyers at the issue price of ? 242 per Equity Share (including a premium of ? 240 per Equity Share) against the floor price of ? 254.55 per Equity Share, aggregating to ? 1,35,52,00,000, pursuant to the Issue in accordance with the SEBI ICDR Regulations. ACTION CONSTRUCTION EQUIPMENT LTD. - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
In furtherance to our letter dated September 20, 2021 intimating you about the meeting of the Qualified Institutions Placement Committee ('QIP Committee') to be held on September 23, 2021 in respect of the Issue, we wish to inform you that the QIP Committee at its meeting held today i.e. September 23, 2021 has, inter alia, passed the following resolutions as given in covering letter. Action Construction Equipment Ltd - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
In furtherance to our letter dated September 20, 2021 intimating you about the meeting of the Qualified Institutions Placement Committee ('QIP Committee') to be held on September 23, 2021 in respect of the Issue, we wish to inform you that the QIP Committee at its meeting held today i.e. September 23, 2021 has, inter alia, passed the following resolutions as given in covering letter. ACTION CONSTRUCTION EQUIPMENT LTD. - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
In terms of Regulation 29(1) (d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Qualified Institutions Placement Committee ('QIP Committee') is scheduled to be held on September 23, 2021 to, inter alia, consider and approve the Issue price, including a discount, if any thereto as permitted under the SEBI ICDR Regulations, for the Equity Shares to be allotted to qualified institutional buyers, pursuant to the Issue. Action Construction Equipment Ltd - 532762 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
We wish to inform you that subsequent to the approval accorded by the board of directors of the Company (the 'Board'), at its meeting held on July 31, 2021 and the special resolution passed by the shareholders of the Company on September 3, 2021, the Qualified Institutions Placement Committee ('QIP Committee') has at its meeting held today i.e. September 20, 2021, inter alia, passed resolutions for the following: a. Approved and adopted the preliminary placement document dated September 20, 2021 and the application form dated September 20, 2021 in connection with the Issue ('Preliminary Placement Document'); b. Authorised the opening of the Issue today, i.e. September 20, 2021; and c. Approved the floor price of ? 254.55 for the Issue. ACTION CONSTRUCTION EQUIPMENT LTD. - 532762 - Special Low Silhouette Knuckle Boom Crane Designed By ACE For Ministry Of Defence
Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that in continuation of our efforts to expand business in the Defence Sector, Action Construction Equipment Limited ('the Company') has developed an indigenous Special Low Silhouette Knuckle Boom Crane for DRDO, Ministry of Defence (MoD). The Company has received a letter of Intent from Tata Advanced Systems Limited for manufacturing and supply of the said cranes which have been integrated on TATA HMV 8X8 chassis. The said Knuckle Boom Cranes of the specified capacity are the first of its kind being developed by an Indian company using advanced technology. Action Construction Equipment Limited qualified by proving the capability of the system through comprehensive testing and these special purpose cranes demonstrate our efforts under the 'Make in India' and 'AatmaNirbhar Bharat' initiatives of our Government. Action Construction Equipment Ltd - 532762 - Multi-Purpose Tractor With Special Attachments
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that in continuation of our efforts to expand business in the Defence Sector, Action Construction Equipment Limited ('the Company') has been declared L1 for supply of 482 numbers Multi-Purpose Tractors (MPT 4X4) along with special attachments from Directorate General of Capability Development, Ministry of Defence (Army). The Said Multi-Purpose Tractors are powered by minimum 72hp engine with 4X4 configuration and equipped with proven aggregates integrated by latest technology. These special purpose tractors demonstrate our efforts under the 'Make in India' and 'AatmaNirbhar Bharat' initiatives of the Government. This is for your information and record please. ACTION CONSTRUCTION EQUIPMENT LTD. - 532762 - Announcement under Regulation 30 (LODR)-Investor Presentation
A copy of Corporate/Investor Presentation is enclosed. The same is also available on the website of the Company at www.ace-cranes.com. Action Construction Equipment Ltd - 532762 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we inform you that the Company will be participating in Non-Deal Roadshows and meeting with prospective investors from September 07, 2021 onwards to September 14, 2021. Note: The dates of the Roadshow meetings are subject to change/reschedule that may happen due to exigencies on the part of Investors/Company. A copy of Corporate/Investor Presentation is enclosed. The same is also available on the website of the Company at www.ace-cranes.com.