Ajax Engineering appoints Ketan Pendse as CFO; interim CFO resigns

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

AJAXENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹590.70

prior close

₹593.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.4% vs market

Construction Vehicles peers, median of 5sector-0.5%+1.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.6

15m

+0.2

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+0.2+0.4-0.5+1.2

Next day

+1.6+1.1+0.5+1.4+0.1

+1.4+1.1+0.3+1.0+0.5

-5.6-0.9-4.7+0.6-6.2

-1.8+1.0-2.8+2.2-4.0

-3.9-0.5-3.4+0.8-4.6

-5.4+1.4-6.7+2.8-8.1

15d

-6.4+6.2-12.6+14.5-20.9

-8.5+7.1-15.6+13.0-21.5

+0.7+8.0-7.2+24.4-23.7

-2.2+11.2-13.4+20.2-22.4

UpDownMarket · Nifty Microcap 250Sector · Construction Vehicles peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved appointment of Mr Ketan Pendse as new CFO effective June 2, 2026. He is a Chartered Accountant with over 24 years of experience in finance, treasury, and governance, previously CFO at TKIL Industries. Interim CFO Mr Ganesh B J resigned on the same day as the permanent CFO was appointed, completing the planned transition.

Likely market impact

Likely neutral to slightly positive as the new CFO brings strong credentials in finance and governance from prior senior roles.