Ajax Engineering Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

Ajax Engineering announced that Rajan Wadhera (DIN: 00416429) has resigned as Non-Executive, Independent Director of the Company, with effect from close of business hours of 18 June 2026.

The board took note of the resignation of Ganesh B J as interim chief financial officer (CFO) with immediate effect. He stepped down following the appointment of Ketan Pendse as the company's CFO.

A Chartered Accountant with over 24 years of experience, Pendse has held leadership roles across finance, treasury, governance, risk management, and business transformation. Prior to joining Ajax Engineering, he served as CFO and whole-time director at TKIL Industries (formerly Thyssenkrupp Industries India).

Over his career, he has developed expertise in controllership, accounting, taxation, treasury, compliance, procurement, commercial project management, and enterprise risk management. He has also led initiatives related to governance, digitization, working capital optimization, and financial controls.

Ajax Engineering manufactures and supplies a wide range of concrete equipment and solutions across the concrete application value chain. The company reported a 4.4% increase in standalone net profit to Rs 94.96 crore in Q4 FY26 from Rs 90.95 crore in Q4 FY25. Revenue from operations edged up 0.3% year-on-year to Rs 757.66 crore in the quarter ended 31 March 2026.

Shares of AJAX Engineering rose 0.88% to Rs 595.70 on the BSE.

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Net profit of Ajax Engineering rose 4.41% to Rs 94.96 crore in the quarter ended March 2026 as against Rs 90.95 crore during the previous quarter ended March 2025. Sales rose 0.25% to Rs 757.66 crore in the quarter ended March 2026 as against Rs 755.75 crore during the previous quarter ended March 2025.

For the full year,net profit declined 13.44% to Rs 225.15 crore in the year ended March 2026 as against Rs 260.10 crore during the previous year ended March 2025. Sales rose 1.38% to Rs 2102.54 crore in the year ended March 2026 as against Rs 2073.92 crore during the previous year ended March 2025.

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Ajax Engineering will hold a meeting of the Board of Directors of the Company on 18 May 2026.