AIA Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 04, 2008, inter alia, has taken the following important decisions:

1. Approved the splitting of Equity Shares of the face value Rs 10 each into 5 Equity Shares of Rs 2/- each.

2. Recommended dividend of 40% i.e. Rs 4.00 per Equity Share of Rs 10/- each of the Company on 18796778 Equity Shares for the Financial Year 2007-08 subject to the approval of the Shareholders of the Company.