AJAX Engineering Ltd

AJAX Engineering Ltd has announced the closure of its trading window for designated persons, their immediate relatives, and connected persons. This closure will be effective from July 1, 2026, and will remain in effect for 48 hours after the Board Meeting where the unaudited financial results for the quarter ending June 30, 2026, will be considered. The exact date of the Board Meeting will be communicated later. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

AJAX Engineering Ltd announced the resignation of Mr. Rajan Wadhera as an Independent Director, effective June 18, 2026, due to personal reasons. Mr. Wadhera will also step down from his roles in the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The Board of Directors expressed appreciation for his contributions. Mr. Wadhera also holds directorships in Ask Automotive Limited and GNA Axles Limited.

AJAX Engineering Ltd announced the resignation of Mr. Rajan Wadhera (DIN: 00416429) as a Non-Executive, Independent Director, effective June 18, 2026, due to personal reasons. Consequently, he has also stepped down from his positions on the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The Board of Directors expressed appreciation for his contributions. Mr. Wadhera also holds directorships in Ask Automotive Limited and GNA Axles Limited.

AJAX Engineering Ltd announced the resignation of Mr. Ganesh B J as Interim Chief Financial Officer, effective June 2, 2026. The Board of Directors accepted his resignation, noting that his interim role was fulfilled with the appointment of a new CFO. Concurrently, Mr. Ketan Pendse has been appointed as the new Chief Financial Officer. Mr. Pendse brings over 24 years of experience in finance, treasury, governance, and business transformation across various sectors.

AJAX Engineering Ltd announced a change in its top finance leadership following a Board meeting on June 2, 2026. Mr. Ganesh B J has resigned as the Interim Chief Financial Officer, having fulfilled his role during a transition period. The Board has appointed Mr. Ketan Pendse as the new Chief Financial Officer. Mr. Pendse brings over 24 years of extensive experience in finance, treasury, governance, and business transformation across various sectors, including engineering and capital equipment. His appointment is expected to strengthen the company's financial strategy and governance.

AJAX Engineering Ltd announced the appointment of Mr. Ketan Pendse as its new Chief Financial Officer (CFO), effective June 2, 2026. This follows the resignation of Mr. Ganesh B J from the interim CFO position. Mr. Pendse brings over 24 years of extensive experience in finance, treasury, governance, and risk management across various sectors. His appointment is expected to strengthen the company's financial leadership and strategic direction.

Ajax Engineering Ltd reported stable FY26 revenue of ₹2,103 crore despite a challenging operating environment. Q4 FY26 revenue stood at ₹758 crore. EBITDA for Q4 FY26 increased by 4% Y-o-Y, with EBITDA margin improving to 15.1% due to operational efficiencies and pricing actions. Profit after tax for Q4 FY26 stood at ₹95 crore, up from ₹91 crore in Q4 FY25. The company reclaimed its market share in the SLCM segment to 73.5% by the end of FY26.

Ajax Engineering Ltd. has appointed Mr. Sachin Rajkumar Nandgaonkar as an Additional Director (Non-Executive and Nominee Director), subject to shareholder approval. This appointment follows a Board of Directors meeting on May 18, 2026, where audited financial statements for the quarter and year ended March 31, 2026, were approved. The board also noted the resignation of Mr. Jacob Jiten John as Whole-time Director, effective May 18, 2026.

Ajax Engineering Ltd. announced the resignation of Mr. Jacob Jiten John (DIN: 03636873) as Whole-time Director, effective May 18, 2026. This was noted during a Board of Directors meeting held on the same day, where the board also approved the audited financial statements and results for the quarter and year ended March 31, 2026. Additionally, Mr. Sachin Rajkumar Nandgaonkar (DIN: 03410739) was appointed as an Additional Director (Non-executive and Nominee Director), subject to shareholder approval.

Ajax Engineering Ltd. announced the approval of its standalone audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 18, 2026, based on an audit report with an unmodified opinion from M/s. S. R. Batliboi and Associates LLP. The board also appointed Mr. Sachin Rajkumar Nandgaonkar as an Additional Director and noted the resignation of Mr. Jacob Jiten John as Whole-time Director.