Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015 and our earlier intimations regarding the subjectmatter, we wish to inform you that the Board of Directors of Action Construction EquipmentLimited ('the Company' or 'ACE'), at its meeting held on 30th April, 2026 has approved theexecution of ''Business Transfer Agreement ('BTA') for transfer of its Heavy Cranes Businessto the ACE KATO Private Limited (JV Company) on a slump sale basis as a going concern togetherwith all rights, title and interest thereto for a lump sum consideration which shall be thepurchase/transfer price and which shall be paid by the JV Company to the Company by issueof the ACE subscription shares (as that term is defined in the investment and shareholdersagreement on the closing date). The Heavy Cranes Business means the Company's businessrelating to manufacturing of products namely truck cranes, crawler cranes and rough terraincranes, including all activities and operations relating thereto.