Action Construction Equipment has informed that the Board of Directors of the Company at its meeting held on June 20, 2016, has considered and approved the issue & allotment of 1,83,83,000 equity Shares of Rs 2 each, fully paid-up in place of 1,84,90,500 Number of equity shares of Rs 2 each in order to comply with the condition that equity shareholding of the members in the Company is increased only up to five percent of the post issue paid up equity share capital in the Company.
The above information is a part of company’s filings submitted to BSE.
