AIA Engineering Ltd

ESG rating update

• CRISIL ESG Ratings assigned 'CRISIL ESG 60' and 'CRISIL Core ESG 63' based on FY2025-26 data.

AIA Engineering Ltd – Closure of Trading Window

Meeting Details

• Event type: Analyst Investor Meet as part of a Company Update.

AGM details

• AGM date: 15 September 2026; held via video conferencing.
• Voting mode: e-voting and poll conducted at meeting.
• Shareholders on record: 63,104.
• Time of meeting not stated.

Key resolutions

• Adopted standalone and consolidated financial statements for year ended 31 March 2026.
• Dividend on equity shares for FY 2025-26 approved.
• Re-appointment of Mrs. Bhumika Shyamal Shodhan by rotation.
• Remuneration to Cost Auditors for 2025-26 ratified.
• MD Bhadresh Kantilal Shah re-appointed for five years (special).

Voting results

• Resolution 1 passed with majority in favour.
• Resolution 2 passed; dividend approved.
• Resolution 3 passed; director re-appointment.
• Resolution 4 passed; cost auditor remuneration ratified.
• Resolution 5 passed with strong support (about 97.8% in favour).

Dividend

• Dividend declared/approved; per-share amount not disclosed in filing.

Director changes

• Mrs. Bhumika Shyamalan Shodhan re-appointed by rotation.
• Mr. Bhadresh Kantilal Shah re-appointed as Managing Director for five years.

Auditors

• Remuneration of Cost Auditors ratified for FY 2025-26.

Related party transactions

• No material related party transactions disclosed.

Other material approvals

• No other material approvals disclosed.

AGM Details

• AGM held on 15 September 2026 at 11:00 AM via VC/OAVM.
• Cut-off date for voting: 8 September 2026.
• Remote e-voting period: 11–14 September 2026; votes unblocked on 15 September 2026.
• Scrutinizer's report dated 15 September 2026.

Resolutions & Outcomes

• Item 1 (Ordinary): Adoption of standalone and consolidated financial statements; approved.
• Item 2 (Ordinary): Dividend on equity shares declared; approved.
• Item 3 (Ordinary): Re-appointment of Bhumika S. Shodhan as director; approved.
• Item 4 (Ordinary): Ratification of remuneration of Cost Auditors; approved.
• Item 5 (Special): Re-appointment of Bhadresh K. Shah as MD for five years; approved.

Dividend Details

• Dividend declared on equity shares for the financial year; per-share amount not disclosed.

Directors & Management Changes

• Re-appointment of Bhumika S. Shodhan as director (retiring by rotation) approved.
• MD re-appointment for five-year term starting October 2026; approved.

Auditors & Remuneration

• Cost Auditor remuneration ratified; no change to statutory auditors.

MD Re-appointment

• Re-appointment as Managing Director for a five-year term.
• Effective Oct 1, 2026 to Sep 30, 2031.
• Profile: IIT Kanpur B.Tech in Metallurgy; 55 years in high chrome castings.
• Relationship: Father of Khushali Solanki and Bhumika Shodhan, Non-Executive Directors.
• Reason: Re-appointment by shareholders via Special Resolution.

AGM Details

• Date: 15 September 2026; Time: 11:00 AM; Mode: VC/OAVM.
• Remote e-voting window: 11–14 September 2026.
• Quorum met; 44 attendees participated via VC.

Key Resolutions

• Adoption of standalone and consolidated financial statements for FY 2025-26.
• Dividend on equity shares at Rs 16 per share for FY 2025-26.
• Re-appointment of Mrs. Bhumika Shodhan as Director, retire-by-rotation.
• Ratification of remuneration payable to Cost Accountant.
• Re-appointment of Mr. Bhadresh K. Shah as Managing Director for five years.

Voting Results

• Outcomes not disclosed in the provided excerpt.

Dividend Details

• Dividend per share of Rs 16 approved for FY2025-26.

Director Changes

• Mr. Bhadresh K. Shah re-appointed as Managing Director for five years.

Auditor Appointments

• Statutory auditor BS R & Co., LLP attended; no appointment changes disclosed.

Related Party Transactions

• No material related party transactions disclosed in the excerpt.

Overview

• Standalone BRSR for the year ended March 31, 2026 by AIA Engineering Limited.
• Main business: engineered metal products including grinding media and castings.
• Reporting boundary: standalone; external assurance provided by an independent firm.
• Annexure- C to the Board’s report detailing general disclosures.

Key ESG Risks & Opportunities

• Material risks include energy intensity, GHG emissions, water use, and waste management.
• Opportunities arise from energy efficiency, renewable energy expansion, water circularity, and waste valorisation.
• Mitigations include ISO 45001 OH&S, structured energy management, and renewables capacity of 37.38 MW.
• Circular economy actions: bricks from waste, cement-kiln co-processing, and slag metal recovery.

Governance & Policy Highlights

• Board oversight via ESG Committee; MD chairs, with ESG Working Group supporting implementation.
• Key policies: whistle-blower/vigil mechanism, anti-corruption, human rights, and related-party transactions.
• Independent assurance: reasonable assurance on BRSR Core by Shailesh Haribhakti & Associates.
• No material penalties or non-compliances reported during the year.

Social Responsibility & Workforce

• Total employees 1,324; permanent 1,205 and non-permanent 119; total workers 2,572.
• Board female representation 30%; no female KMPs; overall female coverage remains limited.
• Turnover 2025-26: permanent employees 6.23%; permanent workers 2.48%.
• LTIFR for workers reported as 0.00; total injuries 7; no fatalities.

Environmental Performance

• Total energy 16.27 GJ; renewables 3.18 GJ; non-renewables 13.09 GJ; renewables ~29% share.
• Scope 1 emissions 30,912 MTCO2e; Scope 2 155,036 MTCO2e; Scope 3 134,199 MTCO2e.
• Water: groundwater 188,624 kl; third-party water 56,184; total withdrawal 244,808; consumption 286,636 kl.
• Waste: total 142,789 MT; plastics recycled 331 MT; non-hazardous 122,727 MT; hazardous 61.98 MT.
• 100% ZLD with wastewater reuse; rainwater harvesting and dry cooling towers reduce consumption.
• Renewable energy projects include 11 wind turbines and 3 hybrid installations; 37.38 MW capacity; 8.84 GWh generated.
• ISO 9001/45001/14001 certifications; Waste Management Circular Economy Policy; external energy/GHG assurance.

Stakeholder Engagement & Complaints

• Stakeholders include employees, investors, customers, regulators, communities, and suppliers.
• Engagement channels: email, field engineers, meetings; frequency: as needed; AGM reports to Board.
• Customer complaints: 25 filed; 5 pending; other groups filed zero or few complaints.
• Whistle-blower policy accessible online; grievance committees at units (Moraiya, Kerala).

Other Notable Metrics

• Related-party transactions: purchases from RPTs 2.04%; sales to related parties 65.82%; investments 0.37%.
• Concentration: top 10 trading houses account for 91.20% of purchases; 22 trading houses used.
• 47% of inputs sourced sustainably; 28% of value-chain partners trained on ESG fundamentals.
• Value-chain environmental assessments covered ~37% of partners; 63% upstream suppliers assessed previously.
• No LCA conducted this year; 58,000 bricks produced from waste; 9,000 MT of foundry sand co-processed.
• Slag processing recovered 962 MT of metal; 8,83,77,702 kWh renewable energy generated.

Financial performance

• Revenue from operations: 435,548.28 Lakhs (Year ended 31 Mar 2026)
• Other operating revenue: ₹6,438.12 Lakhs
• EBITDA (Standalone): ₹174,426 Lakhs
• PAT (Consolidated): ₹126,893.14 Lakhs
• Outside-India sales: 64.45% of revenue
• Installed capacity: 436,000 TPA

Capital structure & liquidity

• No external debt outstanding as of 31 March 2026
• Undrawn borrowing facilities: ₹124,217.49 Lakhs
• Debt-to-equity: 0.07

Dividends & capital allocation

• Final dividend proposed: ₹16 per equity share; ₹14,931.26 Lakhs