ACTION CONSTRUCTION EQUIPMENT LTD. - Statement Of Deviation Or Variation In The Use Of Proceeds Of QIP

Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD1/162/2019 dated December 24, 2019 and BSE email dated April 19, 2023. please find annexed herewith statement of no deviation/variation(s) in the use of proceeds raised vide Qualified Institutions Placement ('QIP') of Equity Shares allotted on September 24, 2021.