Action Construction Equipment Ltd has informed BSE that the Members of the Company, by way of postal ballot, have passed the resolution relating to sub-division of One Equity Share of Rs 10/- each into 5 Equity shares of Rs 2 each.

Resolved further that, the existing Clause V of the Memorandum of Association of the Company as to share Capital be and is hereby deleted and in its place the following Clause V be substituted:

V. “The Authorised Share Capital of the Company is Rs 20,00,00,000/- (Rupees Twenty Crores) divided into 10,00,00,000 (Ten Crores) Equity Shares of Rs 2/- (Rupees two) each”.