In a move that signals both governance refresh and continuity, AIA Engineering Limited has appointed Malay Jayendra Dalal as an Additional Non-Executive Independent Director, effective April 20, 2026. Dalal, a Fellow Chartered Accountant with more than 35 years of experience spanning banks, multinational corporations, listed entities, government bodies, and outsourcing activities, joins the board for a five-year term, subject to shareholders’ approval. The appointment adds independent oversight at a time when robust governance is a priority for the company’s growth story.
Separately, the company announced that Rajendra Shantilal Shah, the Non-Executive Non-Independent Director and Chairman, has tendered his resignation with effect from the close of business on April 20, 2026, citing the demands of extensive philanthropic activities. The move ends a long tenure with the board, during which Shah also chaired the company. The board will consider the path ahead to ensure continued governance balance, while the resignation letter has been placed on record.
In a parallel development, Bhadresh Kantilal Shah, the Managing Director of the company, has been appointed as Chairman of the Board with effect from April 21, 2026. This internal leadership shift positions the MD to steer board deliberations while continuing to drive the company’s strategic agenda. The company notes that the overall board composition remains compliant with the Companies Act and applicable listing requirements as it moves through this transition.
Taken together, these moves reflect a deliberate governance recalibration at AIA Engineering—bringing in fresh independent perspectives, welcoming a legacy leadership transition, and aligning top leadership with the board’s evolving mandate for the road ahead.