ACTION CONSTRUCTION EQUIPMENT LTD. - Intimation Of Grant Of Options Under Action Construction Equipment Limited Employees Stock Option Scheme - 2021.

In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform you that the Nomination and Remuneration Committee of Action Construction Equipment Limited (the 'Company') has passed a resolution by way of circulation effected on Saturday, June 03, 2023 for grant of 90,000 (Ninety Thousand) Employee Stock Options ('Options') convertible into equal number of Equity Shares of the Company of face value of Rs. 2/- each, to the eligible employees of the Company under the Action Construction Equipment Limited Employees Stock Option Scheme - 2021 ('scheme'). The details required under regulation 30 of Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed herewith as Annexure -I.