AIA Engineering has announced the appointment of Mr. Malay Jayendra Dalal as an Additional Director (Non-Executive, Independent) effective from 20 April 2026. This appointment, recommended by the Nomination and Remuneration Committee, is for a term of five years, concluding on 19 April 2031, subject to shareholder approval within three months.
Mr. Dalal, a Fellow Chartered Accountant with over 35 years of experience, has worked with a variety of organisations including banks, multinational corporations, and government entities. His expertise spans auditing, tax consultancy, and advisory roles. For the past 25 years, he has been actively involved in outsourcing activities both domestically and internationally.
In addition to this appointment, AIA Engineering has announced the resignation of Mr. Rajendra Shantilal Shah from his roles as Non-Executive, Non-Independent Director and Chairman of the company, effective from the close of business on 20 April 2026. Mr. Shah cited his extensive involvement in philanthropic activities as the reason for his resignation and confirmed that there are no other material reasons.
Following Mr. Shah’s resignation, Mr. Bhadresh Kantilal Shah, the current Managing Director, will assume the role of Chairman of the company starting 21 April 2026.
The board meeting where these decisions were made commenced at 10:45 A.M. and concluded at 12:15 P.M. The company has confirmed that the composition of its Board of Directors complies with the requirements of the Companies Act, 2013, and SEBI regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).