ACTION CONSTRUCTION EQUIPMENT LTD. - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

In furtherance to our letter dated September 20, 2021 intimating you about the meeting of the Qualified Institutions Placement Committee ('QIP Committee') to be held on September 23, 2021 in respect of the Issue, we wish to inform you that the QIP Committee at its meeting held today i.e. September 23, 2021 has, inter alia, passed the following resolutions as given in covering letter.