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February 13, 2016 11:03 AM ET

Machinery

Company Overview of Action Construction Equipment Ltd

Company Overview

Action Construction Equipment Limited manufactures and supplies material handling and construction equipment in India. The company operates through Cranes, Material Handling/Construction Equipment, and Agri Equipment segments. It offers mobile cranes, such as pick and move, lorry loader, and truck mounted cranes; tower cranes, including fixed tower and self-erecting cranes; crawler cranes; backhoes and loaders; road equipment, which include vibratory rollers and motor graders; forklift trucks and tele handlers; and agriculture equipment, such as tractors, harvester combines, rice planters, and rotavators. The company serves various sectors comprising infrastructure construction, power projec...

Dudhola Link Road

Dudhola

Palwal,  121102

India

Founded in 1995

Phone:

91 12 7528 0111

Fax:

91 12 7528 0133

Key Executives for Action Construction Equipment Ltd

Chairman, Managing Director, Member of Audit Committee and Member of Compensation (ESOS) Committee
Age: 66
Total Annual Compensation: $25.2M
Whole-Time Director and Member of Corporate Socal Responsibility Committee
Age: 60
Total Annual Compensation: $12.6M
Executive Director and Member of Stakeholders Relationship Committee
Age: 38
Total Annual Compensation: $3.4M
Executive Director
Age: 37
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2015.

Action Construction Equipment Ltd Key Developments

Action Construction Equipment Ltd Appoints Yashika as Company Secretary and Compliance Officer

Action Construction Equipment Ltd. at the board meeting held on February 6, 2016, approved the appointment of Mrs. Yashika as company secretary and compliance officer in place of Mr. R.S. Jhanwer, who resigned with effect from January 11, 2016.

Action Construction Equipment Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Action Construction Equipment Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,525.759 million against INR 1,447.176 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 26.743 million against loss from operations before other income, finance costs and exceptional items of INR 12.507 million for the same period last year. Profit from ordinary activities before tax was INR 25.007 million against INR 27.720 million for the same period last year. Net profit for the period was INR 16.860 million or INR 0.17 per basic and diluted share before and after extraordinary items against INR 26.002 million or INR 0.26 per basic and diluted share before and after extraordinary items for the same period last year. For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 4,354.188 million against INR 4,238.645 million for the same period last year. Profit from operations before other income, finance costs and exceptional items was INR 99.957 million against INR 64.241 million for the same period last year. Profit from ordinary activities before tax was INR 66.356 million against INR 63.517 million for the same period last year. Net profit for the period was INR 44.616 million or INR 0.45 per basic and diluted share before and after extraordinary items against INR 48.334 million or INR 0.49 per basic and diluted share before and after extraordinary items for the same period last year.

Action Construction Equipment Ltd, Board Meeting, Feb 06, 2016

Action Construction Equipment Ltd, Board Meeting, Feb 06, 2016. Agenda: To consider, approve and take on record the unaudited (reviewed) financial results of the company for the third quarter and nine month ended on December 31, 2015; to consider the issue 18,490,500 no. of equity shares of INR 2 per each and 30,219,380 no. 8%, cumulative non-participating redeemable preference shares of INR 10 per each to the shareholders of ACE TC Rentals Pvt. Ltd. pursuant to sanction of scheme of amalgamation as approved by the Hon'ble High Court of Punjab and Haryana and becoming effective; and to consider the appointment of Yashika as company secretary and compliance officer.

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