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AIA Engineering Ltd.

BSE: 532683 Sector: Engineering
NSE: AIAENG ISIN Code: INE212H01026
BSE 00:00 | 21 Jun 2018.25 39.40
(1.99%)
OPEN

1975.00

HIGH

2043.00

LOW

1963.20

NSE 00:00 | 21 Jun 2016.95 33.75
(1.70%)
OPEN

1958.25

HIGH

2041.00

LOW

1958.25

OPEN 1975.00
PREVIOUS CLOSE 1978.85
VOLUME 1299
52-Week high 2224.40
52-Week low 1570.05
P/E 39.26
Mkt Cap.(Rs cr) 19,032
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1975.00
CLOSE 1978.85
VOLUME 1299
52-Week high 2224.40
52-Week low 1570.05
P/E 39.26
Mkt Cap.(Rs cr) 19,032
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

AIA Engineering Ltd. (AIAENG) - Chairman Speech

Company chairman speech

Dear Shareholders

We are in the middle of the biggest crisis we have seen in our lifetimes. The Covid-19pandemic has created an unprecedented socio-economic disruption and a tragic loss of humanlives. The exit path remains a vaccine and untill then it is likely to be a ride with acontinuous stop-start rhythm and strict health protocols.

At AIA we are hopeful that like all other previous crisis this too shall pass. Thetesting times brought us all together and gave the courage to face the challenges.

During the first phase of lockdown we had shut down our offices and facilities andquickly adapted the ‘Work from Home' practice. We started operating our manufacturingfacilities post Government clearance in the subsequent lockdowns. We ensured completesafety of our people through adequate checks and social distancing norms.

On the performance front I am glad to state that we are now running at 80% to 90% ofour pre-Covid capacity. We have steadily progressed towards achieving our long-term goals.During the year we successfully completed our first SAG mill liners trial for a largegold mine in Africa. The long-term optimism for the mining cement and power industriescontinue to hold true even on this date. Going ahead our strategic priorities wouldinvolve increasing R&D focus to further strengthen our total solutions capabilities.Besides our perspective towards regular operations will now be highly directed towardsimproving productivity strengthening employee morale and their preparedness to adapt withthe evolving times.

With this note I would like to thank all our stakeholders investors customersuppliers and Government/ Regulatory Bodies for being with us amidst tough times. I alsoacknowledge the efforts of our team members for their commitment and dedication. We valuethe passion and enthusiasm they bring to their work. We are committed to building anorganization that is sensitive vibrant and geared towards building a better tomorrow.

Best wishes
Bhadresh K. Shah
Managing Director
AIA Engineering Limited