Integrated Filing — IndAS



General information about company

Scrip Code 532683
NSE Symbol AIAENG
MSEI Symbol NOTLISTED
ISIN INE212H01026
Name of company AIA Engineering Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 26-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of High Chrome Mill Internals
Start date and time of board meeting 26-05-2026   12:00:00
End date and time of board meeting 26-05-2026   14:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,26,626.47 4,41,986.40
Other income 13,206.30 47,405.08
Total income 1,39,832.77 4,89,391.48
2 Expenses
(a) Cost of materials consumed 38,376.54 1,69,129.56
(b) Purchases of stock-in-trade 3,988.21 10,897.81
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 8,681.33 (10,497.58)
(d) Employee benefit expense 4,710.50 19,861.65
(e) Finance costs 537.77 3,650.72
(f) Depreciation, depletion and amortisation expense 2,884.24 11,269.43
(f) Other Expenses
1 Power and fuel 7,338.45 30,116.62
2 Freight outward expenses 10,723.32 34,342.77
3 Others 16,548.42 62,506.46
Total other expenses 34,610.19 1,26,965.85
Total expenses 93,788.78 3,31,277.44
3 Total profit before exceptional items and tax 46,043.99 1,58,114.04
4 Exceptional items 0.00 (328.19)
5 Total profit before tax 46,043.99 1,57,785.85
6 Tax expense
7 Current tax 7,021.21 31,887.39
8 Deferred tax 490.12 396.92
9 Total tax expenses 7,511.33 32,284.31
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 38,532.66 1,25,501.54
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 800.79 1,391.60
16 Total profit (loss) for period 39,333.45 1,26,893.14
17 Other comprehensive income net of taxes (1,222.47) (2,289.72)
18 Total Comprehensive Income for the period 38,110.98 1,24,603.42
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 39,327.45 1,27,015.82
Total profit or loss, attributable to non-controlling interests 6.00 (122.68)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 38,108.16 1,24,723.83
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2.82 (120.41)
21 Details of equity share capital
Paid-up equity share capital 1,866.41 1,866.41
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 8,00,668.42
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 42.15 136.11
Diluted earnings (loss) per share from continuing operations 42.15 136.11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 42.15 136.11
Diluted earnings (loss) per share from continuing and discontinued operations 42.15 136.11
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: (i) The above audited consolidated 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 consolidated financial results are prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 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 audited consolidated financial results comprise of the results / financial information of the Holding Company, i.e., AIA Engineering Limited, its subsidiaries namely - Welcast Steels Limited - India, AIA CSR Foundation - India, Vega Industries (Middle East) F.Z.C. - U.A.E., Vega Industries Limited - U.K., Vega Industries Limited - U.S.A.(“VEGA USA”), Vega Steel Industries (RSA) (PTY.) Limited - South Africa, Wuxi Vega Trade Co., Limited - China, PT. Vega Industries Indonesia - Indonesia, Vega Industries Chile SPA - Chile, AIA Ghana Limited - Ghana, Vega Industries Australia Pty. Ltd. – Australia, Vega Industries Peru Limited – Peru, Vega Middle East (DFTZ) FZE - U.A.E. and a joint venture namely – Vega MPS Pty. Ltd. - Australia. (v) The Group has only one reportable primary business segment as per Ind AS 108 - Operating Segments, i.e., Manufacturing of High Chrome Mill Internals. (vi) During the previous year ended 31 March 2025, Vega Industries (Middle East) F.Z.C. - U.A.E. (“VEGA ME”) had acquired additional 13% stake (resulting in a cumulative stake of 56%) in Vega MPS Pty. Ltd., Australia (VMPS) on 20 November 2024 for consideration of AUD 2.73 million and during the year ended 31 March 2026, Vega ME has further acquired additional 14% stake (resulting in a cumulative stake of 70%) of VMPS on 10 December 2025 for consideration of AUD 5.65 million. (vii) During the previous year ended 31 March 2025, the Holding 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. (viii) On 7 August 2024, the Board of Directors of the Holding 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 Holding 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. (ix) Figures of the quarters ended 31 March 2026 and 31 March 2025 as reported in these audited consolidated 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 subject to audit. (x) The Board of Directors of Welcast Steels Limited (WSL), a Subsidiary Company, had decided in their meeting dated 15 October 2025 to close down its only factory w.e.f. 15 December 2025. Since labour disputes are pending before various courts and other judicial forums, management intends to maintain the status quo. Accordingly, during the quarter and year ended on 31 March 2026 the financial statements were prepared on a non-going concern basis and the group has provided Rs. 328.19 lakhs towards closure compensation for employees of WSL and the impact is disclosed as an exceptional item. (xi) On 29 July 2025, the Board of Directors of the Holding 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 Holding Company. (xii) Effective 21 November 2025, the Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour code collectively referred to as New Labour Codes. The Group has assessed the financial implications of these changes mainly due to revision of definition of wages and FAQs issued by The Ministry of Labour & Employment. Accordingly, an incremental liability of Rs. 433.73 lakhs towards gratuity has been recognised during the year ended 31 March 2026. (xiii) Refer Annexure-I for audited Consolidated Statement of Assets and Liabilities. (xiv) Refer Annexure-II for audited Consolidated Statement of Cash Flows.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,14,345.86
Capital work-in-progress 1,589.21
Investment property
Goodwill 1,989.48
Other intangible assets 506.03
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 14,210.31
Trade receivables, non-current 5.83
Loans, non-current 224.02
Other non-current financial assets
1 Other non-current financial assets 1,029.45
Total of other non-current financial assets 1,029.45
Total non-current financial assets 15,469.61
Deferred tax assets (net) 561.41
Other non-current assets
1 Other tax assets (net) 59.19
2 Other non-current assets 9,654.34
Total of other non-current assets 9,713.53
Total non-current assets 1,44,175.13
2 Current assets
Inventories 1,25,626.62
Current financial asset
Current investments 4,15,997.62
Trade receivables, current 1,16,860.79
Cash and cash equivalents 21,506.40
Bank balance other than cash and cash equivalents 879.73
Loans, current 13,085.65
Other current financial assets
Total of other current financial assets 1,766.45
Total current financial assets 5,70,096.64
Current tax assets (net)
Other current assets
1 Other current assets 13,901.17
Total of other current assets 13,901.17
Total current assets 7,09,624.43
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 8,53,799.56
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,866.41
Other equity 8,00,668.42
Total equity attributable to owners of parent 8,02,534.83
Non controlling interest 887.53
Total equity 8,03,422.36
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liabilities 727.71
Total of other non-current financial liabilities 727.71
Total non-current financial liabilities 727.71
Provisions, non-current 1,586.61
Deferred tax liabilities (net) 10,366.61
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 514.58
Total of other non-current liabilities 514.58
Total non-current liabilities 13,195.51
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,622.77
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 18,329.68
Total Trade payable 21,952.45
Other current financial liabilities
1 Other current financial liabilities 2,804.56
Total of other current financial liabilities 2,804.56
Total current financial liabilities 24,757.01
Other current liabilities 7,514.53
1 Other current liabilities 7,514.53
Total of other current liabilities 7,514.53
Provisions, current 629.26
Current tax liabilities (Net) 4,280.89
Deferred government grants, Current
Total current liabilities 37,181.69
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 50,377.20
Total equity and liabilites 8,53,799.56
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be re-classified to profit and loss 167.79 321.79
Total Amount of items that will not be reclassified to profit and loss 167.79 321.79
2 Income tax relating to items that will not be reclassified to profit or loss 42.30 81.06
3 Amount of items that will be reclassified to profit and loss
1 Items that will be re-classified to profit and loss (1,335.54) (2,311.24)
Total Amount of items that will be reclassified to profit and loss (1,335.54) (2,311.24)
4 Income tax relating to items that will be reclassified to profit or loss 12.42 219.21
5 Total Other comprehensive income (1,222.47) (2,289.72)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,57,785.85
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,650.72
Adjustments for decrease (increase) in inventories (23,946.24)
Adjustments for decrease (increase) in trade receivables, current (33,681.42)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 1,439.52
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 505.56
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 2,218.25
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 476.36
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 11,269.43
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 163.31
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (322.99)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (974.21)
Adjustments for dividend income 0.00
Adjustments for interest income 3,816.43
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (25,877.63)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (2,172.03)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (71,067.80)
Net cash flows from (used in) operations 86,718.05
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 27,567.88
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 59,150.17
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 370.81
Purchase of property, plant and equipment 10,414.95
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 3,274.69
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (5,651.29)
Net cash flows from (used in) investing activities (12,420.74)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 48,500.00
Payments of lease liabilities 385.20
Dividends paid 13,604.36
Interest paid 3,435.08
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (61.01)
Net cash flows from (used in) financing activities (65,985.65)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (19,256.22)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 1,051.75
Net increase (decrease) in cash and cash equivalents (18,204.47)
Cash and cash equivalents cash flow statement at beginning of period 39,710.87
Cash and cash equivalents cash flow statement at end of period 21,506.40





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 BSR & CO LLP Yes 31-07-2028