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Action Construction Equipment Ltd. Company History and Annual Growth Details

Action Construction Equipment Limited was incorporated under the
provisions of Companies Act, 1956, and is registered with the Registrar
of Companies, NCT of Delhi & Haryana ("ROC"). The Company was
incorporated on January 13, 1995, as a private limited company in the
name and style of "Action Construction Equipments Private Limited"
under registration number 55-64347. Subsequently, the Company was
converted into a public limited company and a fresh certificate of
incorporation to this effect was issued by the ROC on October 4, 2005.
The name of the company was further changed from Action Construction
Equipments Limited to Action Construction Equipment Limited vide the
new certificate of incorporation consequent upon change of name
dated March 23, 2006. At the time of incorporation the registered office
of the company was located at 352, Mandankini Enclave, New Delhi -
110019. On May 21, 1998, it was shifted to II Floor, Plot No.7, H-Block,
Sarita Vihar, New Delhi 110 044, the current registered office.

2006

-The Company has emerged as FIRST amongst the fastest Growing Construction Equipment Companies in India, as per COBSTRUCT WORLD-NICAR study.

2007

-The Company's Cyprus arm (WOS) M/s. FRESTED Ltd has acquired 73.9% stake in a Romanian Company viz SC FORMA SA-Romania, for a total cost of 2.15 M USD.

-The Company has recommended payment of final dividend @ 30%.

2008

-The Company has signed a Memorandum of Understanding with a Chinese Company for acquisition of same.

-Registered Office of the Company has been shifted To 5th Floor, TDI Center, Jasola, New Delhi-110076.

2009

-The Company has recommended payment of final dividend @ 20% on the paid-up share capital of the Company i.e. Rs 0.40 per equity share.

2010

-The Board of Directors of the Company has appointed Maj. Gen (Retd) Dr. K. C. Agarwal as additional director on the Board of Company.

2011

-The Company Launched new Model 15XW E
-ACE launched its new generation pick & carry cranes models 25-02-2011
-ACE participated Bauma by displaying Pick & Move Cranes, Truck Mounted Cranes, Forklifts , Road Equipments , Tower Cranes and tractors, this was the first BAUMA in India.

-The Company has recommended a Dividend of Re. 1 (Rupee One) per equity share (50%).

2012

-The Company has appointed Shri Avinash P. Gandhi as an additional director of the Company

-The Company has recommend dividend @ 10 %.

2013
-Action Construction Equipment Ltd has recommend dividend @ 10% (i.e. Rs. 0.20/-) per equity share

2014
-Action Construction Equipment Ltd has recommend dividend @ 5% (i.e. Rs. 0.10/-) per equity share

2015

-Action Construction Equipment Ltd informed that registered office of the Company has shifted from the Union Territory of Delhi to State of Haryana.
-Action Construction Equipment Ltd has approved and sanctioned the Scheme of Amalgamation of ACE TC Rentals Private Limited.
-Action Construction Equipment Ltd launches first Indian-Made Topless Tower Crane.

2016

-Action Construction - Updates on Scheme of Amalgamation
-Action Construction Equipment Ltd has informed that 1. To consider, approve and take on record the Unaudited (Reviewed) Financial Results of the Company for the third quarter/nine month ended on December 31, 2015. 2. To issue 1,84,90,500 no. of Equity Shares of Rs. 2/- each and 3,02,19,380 no. 8%, Cumulative Non-Participating Redeemable Preference Shares of Rs. 10/- each to the shareholders of ACE TC Rentals Pvt. Ltd. (transferor Company) pursuant to sanction of scheme of amalgamation as approved by the Hon'ble High Court of Punjab and Haryana and becoming effective

2020

- ACE Bags "Best Company of the Year 2020" Award
-Most Innovative HR Â 2020 Award
-Outstanding Employee Engagement Strategy Awards - 2020

2023

-Action Construction Equipment (ACE) unveiled India's first fully electric mobile crane, India's largest indigenous crane with 180 tons lifting capacity.
-ACE marks India's first indigenously developed 100% electric Construction Equipment and propels India's growth on the global platform of technological advancements.

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