AIA Engineering Limited has announced the resignation of its Executive Director (Commercial), Mr. B. F. Shah, effective March 17, 2026. The resignation was submitted due to personal and unavoidable circumstances, marking a significant change in the company's senior management structure.

Resignation Details

The company formally communicated the resignation to both BSE Limited and National Stock Exchange of India Limited on March 18, 2026, in compliance with regulatory requirements. Mr. Shah's resignation was acknowledged by the company, and he was relieved from his duties with effect from the close of business hours on March 17, 2026.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. B. F. Shah was classified as Senior Management Personnel under Regulation 16(1)(d) of the SEBI LODR Regulations, making this disclosure mandatory for the company.

In his formal resignation letter dated March 17, 2026, Mr. Shah expressed gratitude to the management for the opportunity and support extended during his tenure with the company. He confirmed that there were no other material reasons for his resignation beyond the personal circumstances mentioned.

Company Information

AIA Engineering Limited is an ISO 9001 certified company with its registered office located at 115, G.V.M.M. Estate, Odhav Road, Odhav, Ahmedabad - 382415, Gujarat. The company maintains its corporate office at 11-12, Sigma Corporates, B/h. HOF Showroom, Off S. G. Highway, Sindhu Bhavan Road, Bodakdev, Ahmedabad 380 054, Gujarat.

The resignation represents a change in the company's commercial leadership structure, with the company now required to consider succession planning for the Executive Director (Commercial) position.

AIA Engineering Limited has successfully concluded its postal ballot process for the appointment of Mr. Nitin Chandrashanker Shukla (DIN: 00041433) as an Independent Director. The company announced the voting results on March 16, following the completion of the e-voting process that demonstrated exceptional shareholder confidence in the proposed appointment.

Overwhelming Shareholder Support

The postal ballot results revealed exceptional shareholder backing for the resolution, with the voting outcome showing decisive support across all categories:

E-Voting Process and Timeline

The company conducted the postal ballot exclusively through electronic voting, facilitated by Central Depository Services (India) Limited. The structured timeline ensured comprehensive shareholder participation:

The company dispatched postal ballot notices electronically to all shareholders whose names appeared in the Register of Members as of the cut-off date. In compliance with regulatory requirements, advertisements were published in English and Gujarati newspapers on February 12.

Category-wise Voting Analysis

The voting pattern across different shareholder categories demonstrated uniform support for the appointment:

Regulatory Compliance and Scrutinizer Report

Tushar Vora & Associates, appointed as the scrutinizer, conducted the postal ballot process in accordance with Sections 108 and 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report confirmed that all procedural requirements were met, including proper notice dispatch and transparent vote counting.

The appointment of Mr. Nitin Chandrashanker Shukla as Independent Director became effective from January 30 for a period of five years. The resolution was classified as a special resolution, requiring higher approval thresholds, which were comfortably exceeded given the overwhelming shareholder support.