Action Construction Equipment Limited (ACE) has entered into a Joint Venture Agreement with Japan-based KATO WORKS CO., LTD. The agreement, executed on 11th March 2026, aims to leverage KATO’s global technology and engineering expertise with ACE’s manufacturing capabilities in India.
The joint venture, named ACE KATO Private Limited, will operate as a private limited company under Indian law. Both ACE and KATO will hold equal 50% stakes in the new entity, which will have an initial authorised share capital of ₹10,00,000 and a paid-up share capital of ₹5,00,000. The agreement allows each company to nominate two directors to the board of the joint venture.
The collaboration is expected to enhance product competitiveness by improving performance and cost efficiency, while also exploring new growth opportunities in domestic and international markets. The joint venture will be subject to a 10-year lock-in period, and any future related party transactions will be conducted at arm’s length.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).