The Board of Directors of the Company at its meeting held on November 11, 2017, has considered and approved a Scheme of Amalgamation of Frested Limited, a wholly owned subsidiary of the Company, with the Company under Section 230-232 & 234 of the Companies Act, 2013 ('Scheme'). The Scheme is subject to necessary statutory and regulatory approvals including the approvals of Reserve Bank of India, National Company Law Tribunal, the respective Shareholders and Creditors, if any of each of the Companies involved in the Scheme. The Board of Action Construction Equipment Limited(ACE) at their meeting held on 11.11.2017 have approved the Scheme of Amalgamation between Frested Limited, ACE and their respective shareholders and creditors under provisions of the Companies Act, 2013 and Mauritius Act, 2001. In accordance with Clause 7 of SEBI Circular CFD/DIL3/CIR/2017/21 dated 10.03.2017 the provisions of SEBI Circular CFD/DIL3/CIR/2017/21 dated March 10, 2017 shall not be applicable to schemes which solely provides for merger of a wholly owned subsidiary with the parent company. Therefore, since Frested Limited is a wholly owned subsidiary of ACE, which is merging with ACE, the provisions of the above mentioned circular shall not be applicable to the merger. In accordance with the provisions of SEBI Circular CFD/DIL3/CIR/2017/21 dated March 10, 2017, the documents are being filed: (As Per BSE Announcement Dated on 22.11.2017) In Compliance with Regulation 44 (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, please find enclosed herewith the details voting results of the business transacted in the prescribed format in the meeting of equity shareholders of the Company convened by Hon'ble NCLT (Chandigarh Bench) on 23rd June, 2018 at 10:00 a.m. at Aravali Golf Club, New Industrial Town (NIT) Faridabad, Haryana-121001, to approve the Scheme of Amalgamation between Frested Limited ('Frested Ltd') and Action Construction Equipment Limited ('ACE') and their respective Shareholders and Creditors. The said Scheme of Amalgamation was approved by the requisite majority of equity shareholders of the Company. A copy of Scrutinizer's report is also enclosed for your perusal and records. (As per BSE Announcement dated on 25/06/2018) This is further to our letter dated November 22, 2017, wherein we had informed that the Board of Directors of Action Construction Equipment Limited ('ACE' or 'the Company') had considered and approved the Scheme of Amalgamation of Frested Limited, a wholly owned subsidiary of the Company with the Company as per the provisions of Section 230-232 & 234 of the Companies Act, 2013 ('Scheme'). In this regard, we would like to inform that the Hon'ble National Company Law Tribunal, Chandigarh Bench ('NCLT') vide its order dated February 20, 2019 has approved the said Scheme. (As Per BSE Announcement Dated On 26/02/2019) This is further to our letter dated 26th February, 2019, wherein we had informed that the Hon'ble National Company Law Tribunal, Chandigarh Bench ('NCLT') vide its order dated February 20, 2019 has approved the Scheme of Amalgamation of Frested Limited, a wholly owned subsidiary of Action Construction Equipment Limited ('the Company) with the Company as per the provisions of Section 230-232 & 234 of the Companies Act, 2013 ('Scheme'). In this regard, we would like to inform that the company has received formal order for the approval of the said Scheme. Copy of the order is enclosed herewith. (As Per BSE Announcement Dated 19.03.2019)