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AIA Engineering > Company History > Castings & Forgings > Company History of AIA Engineering - BSE: 532683, NSE: AIAENG
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AIA Engineering

BSE: 532683|NSE: AIAENG|ISIN: INE212H01026|SECTOR: Castings & Forgings
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Company History - AIA Engineering
Our Company was incorporated on March 11, 1991 as 
 Magotteaux (India) Pvt Ltd. On November 4, 1978, Ahmedabad 
 Induction Alloys Pvt Ltd, promoted by Mr Bhadresh K Shah was 
 incorporated. This company was merged with our company on 
 April 1, 1991 vide High Court order dated April 30, 1992 approving 
 the scheme of amalgamation of the two companies.. The assets 
 and liabilities of the transferor company were acquired by our 
 Company and consideration was paid in the form of 11,58,300 
 equity shares of face value Rs 10 each and 1,19,340 Cumulative 
 Redeemable Preference Shares of Rs 100 each of our company. 
 The name of our comany was changed to AIA Magotteaux Pvt
 to the erstwhile shareholders of Ahmedabad Induction Alloys Pvt. 
 Ltd Ltd with effect from May 11, 1992. Thereafter we became a 
 deemed public company (under section 43A of The Companies Act
 1956) and the word Private was deleted on November 30, 1992. 
 Subsequently the name of our company was changed to AIA 
 Engineering Ltd on May 2, 2000 and the word Magotteaux was 
 removed on account of termination of joint venture with 
 Magotteaux International S.A., Belgium. Consequent to
 omission of the provision regarding deemed public companies 
 (Sec 43A) from the Companies Act, 1956 our company was 
 converted to a private company and the name Private was 
 added to our name with effect from March 1, 2001. AIA Exports 
 Pvt. Ltd. was merged with our Company with effect from
 April 1, 2002 vide High Court order dated September 26, 2003. 
 Our company was converted to a public limited company on 
 March 30, 2005.
 
 The administration, design, planning, purchase and other related 
 activities are carried out from the registered office of our Company
 
 at Ahmedabad. The manufacturing activities are carried out in the
 factories located on our units in the GVMM Estate, Ahmedabad.
 
 
 2007
 
 -AIA Engineering Ltd has appointed Mr. Sanjay Shailesh Majmudar as an
 Additional Director of the Company.
 
 2008
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2010
 
 -Yashwant M. Patel has been appointed as an Additional Director of
 the Company by the Board of Directors
 
 2012
 
 -DCPL Foundries Limited has become a Wholly-owned Subsidiary (WOS) of
 the Company
 
 2013
 -Acquisition of 5,000 Equity Shares of Rs. 10 each of Polyex Mineral
 Private Ltd.
 - Board recommended a Dividend of Rs. 4 per equity shares.
 
 2014
 -Board recommended a Dividend of Rs. 6per equity shares.
 
 
 
 
Source : Dion Global Solutions Limited
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