Action Construction Equipment shareholders approved all ordinary and special resolutions at its 32nd Annual General Meeting held on September 18, 2026. The company declared a final dividend of ₹2.00 per equity share for FY26 during the proceedings.

The meeting was conducted via Video Conferencing and Other Audio Visual Means. Shareholders on record as of September 11, 2026 were eligible to vote. A total of 188,022 shareholders were on the register as of the cut-off date.

Voting results

Voting participation varied across agenda items. For the adoption of standalone and consolidated financial statements, votes polled represented 77.39% of outstanding shares. Promoter and promoter group shareholders voted in favour with 99.87% participation, while public institutions showed 87.44% participation.

Promoters abstained from voting on the reappointment of Sorab Agarwal, who retires by rotation. Public institutions voted in favour with 99.50% support, while public non-institutions supported the resolution with 99.96% approval.

Key resolutions passed

Shareholders approved several business items during the meeting:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Declaration of a final dividend of ₹2.00 per equity share.
• Reappointment of Sorab Agarwal as a Director.
• Ratification of remuneration for Cost Auditors for the financial year ending March 31, 2027.
• Approval to give loans, inter-corporate deposits, and guarantees exceeding limits under Section 186 of the Companies Act, 2013.

The special resolution regarding Section 186 limits received 93.27% support from votes polled. Public institutions voted against this resolution by a majority of 55.84%, but promoter support ensured overall passage.

Financial performance in FY26

On a standalone basis, Action Construction Equipment reported the following results for FY26:

Chairman and Managing Director Vijay Agarwal noted that while topline remained broadly stable, the company delivered growth in EBITDA and profit after tax despite industry headwinds.

Market leadership and strategic initiatives

Action Construction Equipment holds more than 63% market share in the Mobile Crane segment and around 60% market share in the Tower Crane segment in India. The company describes itself as the world's largest Pick & Carry Crane manufacturer.

A significant strategic development was the formation of a 50:50 joint venture with KATO Works Co., Ltd., Japan, named ACE KATO Private Limited. The joint venture focuses on Heavy Crane Business including Truck Cranes, Crawler Cranes, and Rough Terrain Cranes.

Leadership and recognition

Vijay Agarwal chaired the meeting. The board included Whole-time Directors Mona Agarwal, Sorab Agarwal, and Surbhi Garg, alongside Independent Directors Avinash Parkash Gandhi, Divya Singhal, Shriniwas Vashisht, and Jagan Nath Chamber. Rajan Luthra served as Chief Financial Officer, while Anil Kumar acted as Company Secretary and Compliance Officer.

What the numbers show

Despite a modest decline in revenue from operations, Action Construction Equipment expanded EBITDA from ₹599.33 crore to ₹622.36 crore and profit after tax from ₹403.64 crore to ₹425.42 crore in FY26. This indicates improved margin realisation even as the domestic construction equipment market faced volume pressure from regulatory transitions and project execution delays. The declaration of a 100% final dividend on a face value of ₹2 per share, alongside a clean audit report from both statutory and secretarial auditors, reflects the company's financial discipline for the period under review.

Action Construction Equipment Limited scheduled a virtual one-on-one meeting with DRChoksey FinServ PMS for September 11, 2026, at 2:30 pm.

The company disclosed the schedule pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 9, 2026.

Meeting Details

Anil Kumar, Company Secretary and Compliance Officer, confirmed the schedule. The company noted that the timeline remains subject to change based on exigencies involving analysts, investors, or the firm.