AIA Engineering Limited has announced significant changes to its leadership team effective April 20, 2026. Mr. Rajendra Shantilal Shah has stepped down as the Company Chairman and Director due to his focus on philanthropic endeavors. Consequently, the Board of Directors has appointed Mr. Bhadresh Kantilal Shah as the new Chairman, effective April 21, 2026. Additionally, the company has strengthened its board with the appointment of Mr. Malay Jayendra Dalal as an Independent Director.
Chairman Transition
Mr. Rajendra Shantilal Shah has officially resigned from his position as Chairman and Non-Executive Director of AIA Engineering Limited, effective from the close of business hours on April 20, 2026. Mr. Shah, who has served on the board since July 31, 2007, indicated his decision to step down is driven by his desire to dedicate more time to philanthropic activities.
New Leadership Appointments
Following this transition, the Board of Directors has appointed Mr. Bhadresh Kantilal Shah, the current Managing Director, to the role of Chairman. This change is effective from April 21, 2026, ensuring leadership continuity for the organization.
Strengthening Independent Oversight
As part of its strategic board composition, the company has inducted Mr. Malay Jayendra Dalal as an Additional Director in the capacity of an Independent Director. Appointed on April 20, 2026, his initial term will span 5 years, concluding on April 19, 2031, subject to shareholder approval. Mr. Dalal brings over 35 years of professional experience as a Fellow Chartered Accountant, with extensive expertise in domestic and international advisory and outsourcing activities.
Source: BSE
