AIA Engineering appoints Malay Dalal as Independent Director

AIA Engineering Limited has appointed Mr. Malay Jayendra Dalal as an Independent Director for a period of five years effective April 20, 2026, following approval through a postal ballot process. The resolution received 99.9996% of the valid votes in favour, reflecting strong investor confidence. A total of 88,514,483 votes were polled, representing 94.8505% of the total outstanding shares.

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Tushar Vora & Associates, Practicing Company Secretaries, served as the scrutinizer to oversee the process. The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL), with the voting window open from April 29, 2026, to May 28, 2026.

Voting Breakdown

The following table details the votes cast by different shareholder categories:

Category	No. of Shares Held	No. of Votes Polled	Votes in Favour	Votes Against	% of Votes in Favour
Promoter and Promoter Group	54,588,377	54,588,372	54,588,372	0	100.0000
Public Institutions	36,256,094	33,840,740	33,840,740	0	100.0000
Public Non-Institutions	2,475,899	85,704	85,371	333	99.6115
Total	93,320,370	88,514,816	88,514,483	333	99.9996

The votes were unblocked on May 29, 2026, in the presence of independent witnesses Ms. Meena Vora and Ms. Khushbu Vora. The scrutinizer's report confirms the resolution was passed with the requisite majority. There were 872,150 invalid votes recorded during the process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.42%	+13.24%	+14.87%	+17.09%	+29.68%	+134.74%

AIA Engineering Limited reported a profit after tax of INR393 crore for the quarter ended March 31, 2026, with revenue from operations reaching INR1,251 crore. For the full fiscal year FY26, the company achieved a PAT of INR1,270 crore and revenue of INR4,355 crore. The company disclosed these figures during its post-results conference call held on May 26, 2026.

Financial Performance

The company recorded its highest ever quarterly EBITDA of INR502 crore, while full-year EBITDA stood at INR1,744 crore. Total other income for the quarter was INR132 crore, driven by a foreign exchange gain of INR65 crore linked to rupee depreciation. Realization per kilogram for the quarter was INR178, compared to an annual average of INR165.

Metric	Q4FY26	FY26
Sales Volume (tons)	70,000	258,000
Revenue (INR crore)	1,251	4,355
EBITDA (INR crore)	502	1,744
PAT (INR crore)	393	1,270

Operational Highlights

Sales volume for the quarter included 45,000 tons from mining and 25,000 tons from non-mining segments. The company holds a net cash position of INR4,300 crore. Capital expenditure for the year was INR130 crore, with future maintenance capex and renewable energy investments estimated between INR100 crore and INR150 crore.

Strategic Developments

Management announced a significant breakthrough with its new generation discharge system solution, implemented for a marquee customer in South America. The solution successfully demonstrated material benefits, including throughput improvement and power reduction. Following the successful trial, the customer immediately awarded an order for a second mine conversion. The company views this as a critical proof of concept for its strategy to shift from selling products to offering integrated solutions.