Action Construction Equipment declared a final dividend of ₹2.00 per equity share of face value ₹2 for FY26, at its 32nd Annual General Meeting held on September 18, 2026, via Video Conferencing and Other Audio Visual Means.

Chairman and Managing Director Vijay Agarwal addressed shareholders, noting that while topline remained broadly stable, the company delivered growth in EBITDA and profit after tax despite industry headwinds. The construction equipment industry underwent a year of transition in FY26, shaped by the implementation of CEV Stage V emission norms from January 2025, slower execution of certain infrastructure projects, extended monsoon conditions, and geopolitical uncertainties.

Financial performance in FY26

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

The performance reflects the company's focus on product mix, operating efficiencies, pricing discipline, cost management, and financial prudence, according to Vijay Agarwal's address to shareholders.

Key resolutions passed

Shareholders approved several ordinary and special business items during the proceedings:

• Adoption of the 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, who retired by rotation.
• Ratification of the remuneration of the Cost Auditors for the financial year ending March 31, 2027.
• Approval for the company to give loans, inter-corporate deposits, and guarantees in excess of limits prescribed under Section 186 of the Companies Act, 2013.

There were no qualifications or adverse remarks in the reports submitted by statutory auditors B S R & Co. or secretarial auditors Vasisht & Associates.

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, supported by more than 125 locations and 17 regional offices across India.

On the international front, the company exports to more than 37 countries across the Middle East, Africa, Asia, and Latin America. During the previous year, the company secured one of the largest defence orders in its history — Rough Terrain Forklift Trucks for the Ministry of Defence.

ACE-KATO joint venture

A significant strategic development during the year was the formation of a 50:50 joint venture with KATO Works Co., Ltd., Japan, named ACE KATO Private Limited, with operations already commenced. The joint venture is focused on the Heavy Crane Business, including Truck Cranes, Crawler Cranes, and Rough Terrain Cranes. The partnership is aimed at technology upgradation, product development, localisation, manufacturing excellence, and export expansion.

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. The company was certified as a Great Place To Work in January 2026 by M/s. Great Employers Pvt. Ltd., Mumbai.

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.