Action Construction Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2011, inter alia, has approved the following; 1. The Scheme of Amalgamation of ACE Steelfab Pvt. Ltd. with the Company under section 391 and 394 of the Companies Act 1956 subject to approval of Hon'ble High Court of Delhi and other necessary approvals. 2. Swap ratio of 24.22:1 i.e. 24.22 equity shares of Rs. 2/- each at par to be allotted for every 1 fully paid equity share of Rs. 10/- each to the members of ACE Steelfab Pvt. Ltd. (transferor Co.) by Action Construction Equipment Ltd. (transferee Co.). 3. Non subscription of share warrants issued to Mrs. Mona Agarwal (Promoter Director) of the Company which is due for conversion in to equity shares on or before November 26, 2011. 4. Appointment of Ms. Surbhi Garg as an additional director of the Company. With reference to the earlier announcement regarding proposed merger of ACE Steelfab Pvt. Ltd. with the Company, Action Construction Equipment Ltd has now informed BSE that as per the direction of Hon'ble High Court of Delhi separate Meetings of Un-Secured creditors of ACE Steelfab Pvt. Ltd (Transferor Co.) and Equity Shareholders, Secured and Un-Secured Creditors of Action Construction Equipment Ltd. (Transferee Co.) held and Scheme of Amalgamation passed on February 18, .2012. The Final date of hearing has been fixed on May 25, 2012. (As Per BSE Announcement Dated on 07.04.2012) Action Construction Equipment Ltd has informed BSE that Hon'ble High Court of Delhi has approved scheme of amalgamation of ACE Steel Fab Private Ltd. with the Company under section 391 and 394 of the Companies Act, 1956 without any amendment. (AsPer BSE Announcement Website Dated on 29/05/2012) Action Construction Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2012, inter alia, has approved the following: 1. Issued & allotted 60,55,000 equity shares to the Shareholders of ACE Steelfab Private Ltd consequent to the order received from Hon'ble High Court of Delhi approving the scheme of Amalgamation of ACE Steelfab Pvt. Ltd with the Company. (As Per BSE Announcement Dated on 06.08.2012)