AIA Engineering Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2026

Notes:

(i) The above audited standalone financial results for the quarter and year ended 31 March 2026 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 26 May 2026. The statutory auditors have expressed an unmodified opinion.
(ii) The audited standalone financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended.
(iii) Board of Directors recommends Dividend of Rs. 16/- (800%) per Equity Share of Rs. 2/- each amounting to Rs. 14,931.26 lakhs for the financial year 2025-26.
(iv) The Company has only one reportable primary business segment as per IND AS 108 - "Operating Segments", i.e., Manufacturing of High Chrome Mill Internals.
(v) During the previous year ended 31 March 2025, the Company and VEGA USA (wholly owned subsidiary) received a notice in relation to the investigations around alleged dumping and subsidising of certain grinding media from India based on complaint filed by Magotteux Inc. Post submission of required information, United States Department of Commerce announced its determination for cash deposit of Countervailing Duty at 3.16% and Anti-Dumping Duty at 6.91% which is effective from 12 June 2025 on certain high chrome iron grinding media imported from India.
(vi) On 07 August 2024, the Board of Directors of the Company approved a proposal for buyback of up to 10,00,000 fully paid-up Equity Shares of face value of Rs. 2/- each, representing 1.06% of the total number of equity shares of the Company, at a price of up to Rs. 5,000 per share for an aggregate consideration not exceeding Rs. 500 crores (excluding transaction cost and any expenses incurred or to be incurred for the Buyback) representing 7.92% and 7.51% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited standalone financial statements and audited consolidated financial statements of the Company for the year ended on 31 March 2024, respectively. Further, the buy back had been completed and consideration transferred to the participating shareholders on 6 September 2024.
(vii) Figures of the quarters ended 31 March 2026 and 31 March 2025 as reported in these audited standalone financial results are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial year. Also, the figures up to the end of third quarter of the respective financial year had only been reviewed and not subjected to audit.
(viii) On 29 July 2025, the Board of Directors of the Company decided to discontinue the manufacturing operations at Nagpur unit. Such closure will not have any adverse effect on the production/business operations and profitability of the Company.
(ix) Effective 21 November 2025, the Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour codes referred to as "New Labour Codes". The Company has assessed its employee benefit obligations in accordance with the revised definition of wages and FAQs issued by The Ministry of Labour & Employment. Accordingly, an incremental liability of Rs. 433.35 lakhs towards gratuity has been recognised during the year ended 31 March 2026.
(x) Refer Annexure-I for audited Standalone Statement of Assets and Liabilities.
(xi) Refer Annexure-II for audited Standalone Statement of Cash Flows.