Action Construction Equipment Limited has announced board approval for establishing a joint venture with Japan's KATO WORKS CO., LTD., marking a significant step in the company's international collaboration strategy. The board meeting held on February 13, 2026, approved the proposal as part of the company's medium to long-term growth plans.

Joint Venture Partnership Details

The strategic alliance brings together two established players in the construction equipment industry. Action Construction Equipment Limited, established in 1995 and headquartered in Palwal, Haryana, is recognized as the world's largest Pick & Carry cranes manufacturer and a leading construction equipment manufacturer in India. The company offers an extensive product portfolio including mobile cranes, tower cranes, aerial work platforms, backhoe loaders, and agricultural machinery.

KATO WORKS CO., LTD. brings decades of experience in design, development, and manufacturing of construction equipment. The Japanese company is globally recognized for its engineering capabilities, product reliability, and technological expertise, with an established international footprint.

Manufacturing Focus and Business Scope

The proposed joint venture will concentrate on manufacturing heavy cranes, specifically targeting three key product categories. This collaboration aims to leverage KATO's global technology and engineering expertise alongside ACE's strong manufacturing base and extensive market reach in India.

The partnership is expected to improve performance and cost efficiency while enabling both partners to address new growth opportunities across various markets. The collaboration combines global technology with local manufacturing capabilities to create competitive advantages in the heavy cranes segment.

Board Authorizations and Next Steps

The board has provided comprehensive authorization to management for implementing the joint venture. The approved mandate includes negotiating and finalizing all definitive agreements, arrangements, and documentation related to the proposed partnership.

Key authorized actions include:

• Negotiation and execution of all joint venture agreements
• Investment decisions in accordance with applicable laws and internal approvals
• Incorporation of the joint venture company
• All necessary acts and deeds to establish the partnership

The company has committed to making further disclosures upon execution of final binding agreements and incorporation of the joint venture company, in compliance with applicable laws and regulations. The board meeting commenced at 3:30 P.M. and concluded at 4:05 P.M. on February 13, 2026.

Action Construction Equipment Limited has filed the earnings call transcript for Q3FY-2026 with stock exchanges, following the conference call held on February 04, 2026. The construction equipment manufacturer submitted the transcript to both BSE Limited and National Stock Exchange of India Limited on February 09, 2026.

Regulatory Filing Details

The company filed the earnings call transcript pursuant to Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing ensures transparency and provides stakeholders comprehensive access to the quarterly conference call discussions and management commentary.

Q3FY26 Financial Performance Highlights

During the earnings call, Executive Director Sorab Agarwal presented the company's financial performance for the third quarter. The management discussed various operational aspects and market conditions affecting the construction equipment sector.

Management Participation

The conference call was hosted by Emkay Global Financial Services Limited with key management personnel including Mr. Sorab Agarwal (Executive Director), Mr. Rajan Luthra (Chief Financial Officer), and Mr. Vyom Agarwal (President) participating in the discussion.

Company Information

Action Construction Equipment Limited operates from its corporate and registered office at Dudhola Link Road, Dudhola, District Palwal-121102, Haryana, India. The regulatory filing was digitally signed by Company Secretary Anil Kumar, ensuring compliance with disclosure requirements for stakeholder information and transparency.