AJAX Engineering Ltd

Ajax Engineering Limited said its board appointed Shishir Joshipura (DIN: 00574970) as an additional director, subject to shareholder approval, at a meeting held September 17, 2026. Joshipura, who has over 42 years of experience in engineering, manufacturing, and capital goods, previously served as CEO & MD of Praj Industries and CEO of SKF India, and holds a B.E. in Mechanical Engineering from BITS Pilani and an Advanced Management Program from Harvard Business School.

Ajax Engineering Limited announced that its board of directors appointed Mr. Shishir Joshipura (DIN: 00574970) as an Additional Director (Non-executive and Independent Director) on September 17, 2026, subject to shareholder approval. Mr. Joshipura brings over 42 years of experience in engineering, manufacturing, and capital goods, previously serving as CEO & MD of Praj Industries and CEO of SKF India, and holds a B.E. in Mechanical Engineering from BITS Pilani and an Advanced Management Program from Harvard Business School.

Ajax Engineering Limited informed the BSE Limited and National Stock Exchange of India that Ketan Pendse resigned as Chief Financial Officer and Key Managerial Personnel, effective September 7, 2026, due to personal reasons.

Ajax Engineering Limited, formerly known as Ajax Engineering Private Limited, announced that its board of directors approved the allotment of 4,516 equity shares of Rs 1 each to an eligible employee under the ‘Ajax Engineering Limited (Formerly known as Ajax Engineering Private Limited) Employee Stock Option Plan 2024’ on August 26, 2026, increasing the company's paid-up share capital from Rs 11,44,06,800 to Rs 11,44,11,316.

Ajax Engineering Limited, a leading Concrete Equipment manufacturer in India, announced its unaudited financial results for the quarter ended June 30, 2026, reporting total revenue from operations of Rs 4,746 million, a 1.7% increase compared to Rs 4,665 million in the prior year’s quarter. The company’s retail market share in the Self-Loading Concrete Mixer (SLCM) segment increased to 75.1% in Q1 FY27 from 69% in Q1 FY26, supported by price hikes and a favorable product mix, while profit after tax was Rs 556 million, up 5.2% year-on-year. Managing Director & Chief Executive Officer Shubhabrata Saha noted that India's infrastructure sector faces near-term headwinds, but the company maintains a cash balance exceeding Rs 11,000 million.

Ajax Engineering Limited will hold a board meeting on Wednesday, August 5, 2026, to approve the unaudited financial statements for the quarter ended June 30, 2026, and the trading window for the company’s securities remains closed until 48 hours after the announcement of those results, following a closure that began on July 1, 2026.

Ajax Engineering Limited will hold a board meeting on Wednesday, August 5, 2026, to approve the unaudited financial statements for the quarter ended June 30, 2026, and the trading window for the company’s securities remains closed until 48 hours after the announcement of those results, following a closure that began on July 1, 2026.

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.Powered by Capital Market - Live

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. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales757.66755.75 0 2102.542073.92 1 OPM %15.1314.67 -12.6415.34 - PBDT127.84125.00 2 314.70361.82 -13 PBT125.96122.18 3 304.33350.89 -13 NP94.9690.95 4 225.15260.10 -13 Powered by Capital Market - Live