Submission Of Details Regarding The Voting Results Of The Meeting Of Equity Shareholders Of The Company Held On June 23, 2018 Pursuant To Order Passed By National Company Law Tribunal, Bench At Chandigarh Dated May 04, 2018.

• Security Code: 532762
• Company: ACE

In Compliance with Regulation 44 (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, please find enclosed herewith the details voting results of the business transacted in the prescribed format in the meeting of equity shareholders of the Company convened by Hon'ble NCLT (Chandigarh Bench) on 23rd June, 2018 at 10:00 a.m. at Aravali Golf Club, New Industrial Town (NIT) Faridabad, Haryana-121001, to approve the Scheme of Amalgamation between Frested Limited ('Frested Ltd') and Action Construction Equipment Limited ('ACE') and their respective Shareholders and Creditors.

The said Scheme of Amalgamation was approved by the requisite majority of equity shareholders of the Company.

A copy of Scrutinizer's report is also enclosed for your perusal and records.