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| 02-18-2012 |
| Action Construction Equipment Ltd has informed BSE that by an order dated January 06, 2012, the Hon`ble Court has directed that, separate meetings of the Equity Shareholders & Unsecured Creditors of Action Construction Equipment Ltd be convened to be held on February 18, 2012, at Sri SatyaSai Auditorium, Pragati Vihar, Vishwapitamah Marg, Ladhi Road, Delhi - 110003, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation of ACE Steelfab Private Limited (Transferor/Applicant Company-I) with Action Construction Equipment Limited (Transferee/ Applicant Company - II) and their respective members and creditors.
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) |
| 09-30-2010 |
| Action Construction Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2010, has subject to, the approval of shareholders in general meeting, to be held on September 30, 2010, has decided to make a preferential allotment of 30 lacs equity shares to Reliance Capital Ltd., strategic investment by them, as per the Securities and Exchange Board of India (Issue of Capital and Disclosures Requirements) Regulations 2009. |
| 04-30-2010 |
| Action Construction Equipment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 06, 2010, has taken the following decisions:-
Decided to allot Warrants to the promoters of the Company not to exceed 50,00,000 (Fifty Lac) in Nos.. General Meeting for approval of same has been decided to be held on April 30, 2010. The Warrants would be convertible in to equal nos. of Equity Shares of the Company at a future date.
Action Construction Equipment Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 30, 2010, to create, issue, offer and allot in one or more tranches, the equity shares of the Company ("Warrant`), to the promoter / promoter group, whether or not they are Members of the Company, under preferential issue through documents or in such manner and on such terms and conditions as may be determined by the Board in its absolute discretion, provided that the aggregate number of equity shares of the Company to be issued against warrants shall not exceed 50,00,000 fully paid equity shares of the face value of Rs. 2 each, subject to necessary provisions & approvals.
(As Per BSE Announcement Dated on 07/04/2010)
Action Construction Equipment Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 30, 2010, inter alia, have passed the following resolution:
- To allot 50,00,000 (Fifty Lac) warrants to the promoters / promoter group, of the Company, convertible into equivalent amount of equity shares of Rs. 2/- each, ranking pari-passu with the existing shares of the Company.
(As Per BSE Announcement Website dated on 30.04.2010) |