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

Please note that the Qualified Institutions Placement Committee ('QIP Committee') has, at its meeting held today i.e. September 24, 2021 approved the issue and allotment of 56,00,000 Equity Shares of face value ? 2 each to eligible qualified institutional buyers at the issue price of ? 242 per Equity Share (including a premium of ? 240 per Equity Share) against the floor price of ? 254.55 per Equity Share, aggregating to ? 1,35,52,00,000, pursuant to the Issue in accordance with the SEBI ICDR Regulations.