AIA Engineering Limited has informed the Exchange about Closure of operations at Nagpur Unit of the Company located at L-3, MIDC Industrial Area, Hingna, Nagpur - 440 016 from the close of the business hours on July 29, 2025.
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AIA Engineering's Board has decided to shut down manufacturing operations at its Nagpur Unit (located at MIDC Hingna, Nagpur) effective from the close of business hours on July 29, 2025. The Nagpur unit contributed a turnover of about ₹14,028 lakhs in FY2024-25, which is roughly 3.3% of the company's consolidated turnover of ₹4,28,744 lakhs, and the company says it has no separate net worth allocated to this unit. The closure is being done to improve productivity, logistics and supply chain efficiency, and cut transit costs, with the company explicitly stating there will be no adverse impact on overall production, business operations or profitability.
Minor and largely neutral for shareholders — the Nagpur unit is a small contributor to revenue and profitability, so shutting it down should not materially hurt earnings. Investors should view this as a routine cost-optimisation move rather than a negative signal for the stock.