AIA Engineering Limited, a leading manufacturer of high chrome grinding media used in the mining and cement industries, has announced an update on the US trade proceedings concerning its exports to the United States. On 22 May 2025, the US Department of Commerce finalised the countervailing duty (CVD) and anti-dumping duty (ADD) on imports of high chrome cast iron grinding media from India, affecting the company's products.

As per the final determination:

• The countervailing duty has been set at 3.16 percent

• The anti-dumping duty has been finalised at 6.70 percent

These duties come into effect immediately, following an affirmative final determination from the United States International Trade Commission (USITC). This means that US importers of AIA Engineering's grinding media will now have to pay these duties in addition to standard tariffs.

This development follows earlier provisional measures announced in December 2024, when the company had informed stock exchanges that the preliminary countervailing duty was 3.36 percent and the anti-dumping duty was 4.30 percent. The final rates have now been slightly revised and formally implemented after investigations concluded.

Background and Timeline

• December 4 and 6, 2024: AIA Engineering notified Indian stock exchanges about preliminary findings by the US Department of Commerce regarding duty impositions

• May 22, 2025: USITC confirms its affirmative determination, thereby making the duties legally effective from this date

These duties apply specifically to high chrome cast iron grinding media, which are used primarily in industrial milling processes, such as in the mining sector.

Implications for AIA Engineering

This ruling is expected to have financial and operational implications for AIA Engineering, particularly in terms of export margins and market competitiveness in the United States. However, the company has not issued a statement regarding any anticipated revenue or volume impact due to this development.

Despite the duties, the company maintains that it is committed to supplying quality products globally and continues to comply with international trade norms.

Transparency and Compliance

In line with its obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, AIA Engineering has issued this disclosure to the BSE and the National Stock Exchange of India. The company notes that the disclosure is made in the interest of public shareholders and transparency.

Company Profile

AIA Engineering Limited, headquartered in Ahmedabad, Gujarat, is a global leader in the production of high chrome grinding media and wear-resistant solutions. The company serves customers in the mining, cement, and thermal power generation sectors. With ISO 9001 certification and a strong export presence, it continues to invest in innovation and product quality.

The registered office is located in GVMM Estate, Odhav Road, Ahmedabad, while its corporate office operates from Sigma Corporates, Sindhu Bhavan Road.

What Comes Next

AIA Engineering is likely to evaluate its pricing strategy for the US market and may also explore alternative markets or product strategies to offset the impact of the duties. At this point, there is no indication of any legal challenge or appeal by the company against the US decision.

Investors and stakeholders are advised to monitor future announcements from the company for updates on business strategy or financial impact assessments following this development.

This update was signed by S. N. Jetheliya, Company Secretary of AIA Engineering Limited.

For more information, stakeholders can visit the official website www.aiaengineering.com or contact the company via ric@aiaengineering.com.

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