AIA Engineering Limited has announced a significant development concerning its subsidiary, Welcast Steels Limited (WSL). The Board of Directors of WSL has decided to permanently close its manufacturing facility in Bengaluru, effective December 15, 2025. This decision, made on October 15, 2025, marks the end of operations for a plant that has been in existence since 1972.

Facility Details and Closure Rationale

The facility, located at Plot No. 15, Phase-1, Peenya Industrial Area, Bengaluru - 560058, specializes in the production of hi-chrome grinding media, primarily used in cement, mining, and thermal power plants. The closure decision stems from several factors:

• Outdated technology
• High production costs
• Declining capacity utilization
• Economic unviability of operations

Modernization of the plant was deemed unfeasible due to high investment requirements and space constraints.

Financial Impact

The closure of this facility is expected to have a limited impact on AIA Engineering's overall operations. Here's a breakdown of the facility's contribution to the company's financials:

Company's Stance

AIA Engineering has assured stakeholders that the closure will not adversely affect its operations. The company stated that it has sufficient surplus capacity to meet its requirements, indicating a strategic realignment of its manufacturing capabilities.

Closure Timeline

The permanent closure of the Bengaluru facility is scheduled for December 15, 2025, allowing for a transition period of approximately two months from the announcement date.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, AIA Engineering has duly informed the stock exchanges about this development. WSL, being a listed company on the BSE, has also made the necessary disclosures.

This closure represents a strategic move by AIA Engineering to streamline its operations and potentially improve overall efficiency. While the immediate impact on financials appears limited, the long-term implications of this decision on the company's market position and operational strategy remain to be seen.

AIA Engineering , a leading Indian manufacturer of high chromium wear, corrosion, and abrasion resistant castings, has announced a significant breakthrough in the Chilean copper mining market. The company's wholly-owned step-down subsidiary, Vega Industries Chile SpA, has secured a substantial order worth $32.90 million (approximately ₹291.00 crores) from a copper mine in Chile.

Order Details

Strategic Significance

This order marks a crucial milestone for AIA Engineering, representing years of effort to penetrate the Chilean copper mining sector. The company has been actively working to promote the adoption of high chrome grinding media among copper miners in Chile, and this order signifies a major breakthrough in this strategic initiative.

Market Impact

The successful entry into the Chilean copper mining market opens up new growth avenues for AIA Engineering. Chile is the world's largest copper producer, and this order could potentially lead to more business opportunities in the region. The company's focus on high-chrome grinding media, known for its superior wear resistance and efficiency, positions it well to capture a larger share of this market.

Execution and Future Prospects

AIA Engineering has committed to working closely with the customer to ensure the benefits of using high-chrome grinding media are fully realized. This collaborative approach could pave the way for long-term partnerships and repeat orders in the Chilean mining sector.

The order's execution, spanning 18 months from November 2025, provides AIA Engineering with a stable revenue stream and the opportunity to showcase its product quality and service capabilities in a new market.

Disclosure and Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Limited, where AIA Engineering's shares are listed.

This significant order not only boosts AIA Engineering's international presence but also underscores the company's capability to compete and win contracts in global markets, particularly in the mining sector. As the company executes this order, investors and industry observers will likely keep a close watch on its performance and potential for further expansion in the South American market.