AIAENG2023-07-012023-09-30 AIAENG2023-07-012023-09-30 AIAENG2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member AIAENG2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member AIAENG2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member AIAENG2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member AIAENG2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member AIAENG2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member AIAENG2023-09-30 AIAENG2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AIAENG2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AIAENG2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member AIAENG2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532683 AIAENG NOTLISTED AIA Engineering Limited Equity 2023-04-01 2024-03-31 2023-11-06 2023-10-25 INR Lakhs Half yearly 12:00:00 13:05:00 2023-11-06 2023-11-06 true Cash Flow Indirect Not applicable Single segment Manufacturing of High Chrome Mill Internals 2023-07-01 2023-09-30 Unaudited Consolidated 12947994000.00 623246000.00 13571240000.00 4983418000.00 486192000.00 0.00 433445000.00 74185000.00 245092000.00 3223959000.00 9446291000.00 4124949000.00 0.00 4124949000.00 856294000.00 27757000.00 884051000.00 0.00 3240898000.00 0.00 0.00 0.00 0.00 3240898000.00 -35989000.00 3204909000.00 3230760000.00 10138000.00 3194654000.00 10255000.00 188641000.00 2 34.26 34.26 0.00 0.00 34.26 34.26 Notes: (i) The above unaudited consolidated financial results for the quarter and half year ended 30 September 2023 have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on 6 November 2023. These unaudited consolidated financial results have been subjected to Limited review by the statutory auditors of the Holding Company. The statutory auditors have expressed an unmodified conclusion. (ii) The unaudited consolidated 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) The unaudited consolidated financial results comprise of the results / financial information of the Holding Company, i.e., AIA Engineering Limited, and 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 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 and Vega Industries Peru Limited - Peru. (iv) The Group 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 half year ended 30 September 2023, the Group has created a provision of Rs. 833.05 lakhs towards certain withholding taxes recoverable in an overseas jurisdiction. (vi) During the quarter ended 30 September 2023, the Company along with its subsidiary, Vega Industries (Middle East) FZC, UAE, (“VEGA ME”) has acquired 100% shares of Vega Industries Peru Limited (“Vegu Peru”) on 1 August 2023 (in the ratio of 1% by the Company and 99% by VEGA ME) for a total consideration of USD 1,000. Vega Peru is a newly incorporated company in Peru which shall be engaged in trading of goods manufactured by the Holding Company. (vii) During the quarter ended 30 September 2023, Vega Industries (Middle East) FZC, UAE, (“VEGA ME”), a wholly owned subsidiary of the Company, has entered into a Share Purchase Agreement and Shareholder’s Agreement on 3 August 2023, with the promoters of Vega MPS Pty. Ltd.(VMPS), Australia, a newly incorporated company, created by promoters of MPS to acquire 30% stake in the business of Mining Products and Service Pty. Ltd., (MPS), Australia. Subsequent to the end of the quarter, the mining products business of MPS, Australia has been transferred to VMPS, Australia and VEGA ME has acquired 30% stake in VMPS Australia on 11 October 2023, for a total cash consideration of AUD 7.86 million. VEGA ME has an option to acquire additional 40% shares of VMPS, Australia over a period of 3 years. (viii) Other Income of Welcast Steels Ltd includes reversal of provision of earlier year for service tax demand and interest thereon amounting to Rs. 206.42 Lakhs consequent to favorable order received from Tribunal(CESTAT) vide order received on 08 September 2023. (ix) Refer Annexure-I for unaudited Consolidated Statement of Assets and Liabilities. (x) Refer Annexure-II for unaudited Consolidated Statement of Cash Flows. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 25343849000.00 1218364000.00 26562213000.00 9907789000.00 975706000.00 0.00 839784000.00 149153000.00 487547000.00 6369251000.00 18729230000.00 7832983000.00 0.00 7832983000.00 1787923000.00 78934000.00 1866857000.00 0.00 5966126000.00 0.00 0.00 0.00 0.00 5966126000.00 -50344000.00 5915782000.00 5954175000.00 11951000.00 5903644000.00 12138000.00 188641000.00 2 63.13 63.13 0.00 0.00 63.13 63.13 Freight outward expenses 708295000.00 Others 1631137000.00 Power and fuel 884527000.00 Freight outward expenses 1388990000.00 Others 3156386000.00 Power and fuel 1823875000.00 100902000.00 10631863000.00 227696000.00 198948000.00 29554000.00 8177000.00 11085000.00 1261567000.00 60841000.00 1341670000.00 440450000.00 827158000.00 13697339000.00 11237801000.00 21005575000.00 8913432000.00 2903741000.00 10181534000.00 20141000.00 2448532000.00 45472955000.00 1255293000.00 57966049000.00 71663388000.00 188641000.00 61119457000.00 61308098000.00 61409000000.00 0.00 18976000.00 18976000.00 133000000.00 478025000.00 630001000.00 4788025000.00 1924959000.00 1682965000.00 8395949000.00 684225000.00 59208000.00 485005000.00 9624387000.00 10254388000.00 71663388000.00 149153000.00 942414000.00 -291078000.00 0.00 152181000.00 0.00 0.00 -33903000.00 0.00 -686618000.00 0.00 -95900000.00 0.00 487547000.00 0.00 4499000.00 0.00 28969000.00 0.00 40891000.00 0.00 938142000.00 0.00 -221418000.00 0.00 0.00 -108390000.00 -36625000.00 0.00 -606420000.00 7226563000.00 0.00 0.00 0.00 1497881000.00 0.00 5728682000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7891000.00 1004635000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 953938000.00 0.00 -4146745000.00 0.00 -4189551000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -171975000.00 0.00 0.00 18218000.00 1368757000.00 144840000.00 0.00 0.00 -1703790000.00 -164659000.00 -6367000.00 -171026000.00 3074767000.00 2903741000.00 Items that will not be reclassified to statement of profit and loss -10277000.00 Items that will not be reclassified to statement of profit and loss -6306000.00 -10277000.00 -6306000.00 -2586000.00 -1587000.00 Items that will be reclassified to statement of profit and loss -22969000.00 Items that will be reclassified to statement of profit and loss -24608000.00 -22969000.00 -24608000.00 5329000.00 21017000.00