AIA Engineering Limited — Others, 23-05-2025: Appointment

AlA Engineering Limited has announced a board meeting outcome approving the financial results for the quarter and year ended March 31, 2025, reporting standalone profit after tax of ₹350.79 Cr and consolidated profit after tax of ₹280.35 Cr for the year. The Board appointed Mr. Udayan Dileep Choksi as an Independent Director for five years and approved Tushar Vora & Associates as Secretarial Auditor for five years, subject to shareholder approval. An 800% dividend (₹16/share) has been proposed for FY25, awaiting shareholder consent. The company incorporated a wholly owned step-down subsidiary in the UAE for trading products and completed a share buyback in September 2024. The US imposed anti-dumping duties on certain imported grinding media, aligning with the company’s focus on high chrome mill internals manufacturing. Audit reports by B S R & Co. LLP were unmodified.