Ajax Engineering appoints Ketan Pendse as new CFO

Cfo ResignedManagement Changes View source PDF Explain this filing

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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

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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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+1.6+1.1+0.5+1.4+0.1

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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

Ajax Engineering has appointed Mr. Ketan Pendse as the new Chief Financial Officer with effect from June 2, 2026. He is a Chartered Accountant with over 24 years of experience in finance, treasury, governance and risk management. He was previously CFO and Whole Time Director at TKIL Industries (formerly Thyssenkrupp Industries India). Mr. Ganesh B J, who served as Interim CFO during the transition period, has stepped down now that a permanent CFO is in place.

Likely market impact

CFO transition is complete with a seasoned external hire from the engineering and EPC sector, which is positive for financial governance and continuity.