Ajax Engineering CFO Ketan Pendse resigns citing personal reasons

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

AJAXENGG · price

Loading chart…

▲ 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

+0.5%Reaction day

₹596.00

prior close

₹605.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-0.0% vs market

Construction Vehicles peers, median of 5sector+0.4%+0.1% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.1 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

+0.6

10m

+0.4

15m

-0.6

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.5-0.0+0.4+0.1

Next day

-3.2+0.4-3.6+0.5-3.7

-1.5+0.2-1.7-2.2+0.7

-1.0+0.3-1.3+1.3-2.3

-2.7-3.0+0.3+0.6-3.2

-5.3-3.1-2.1-2.3-2.9

-6.1-0.7-5.4+2.4-8.5

15d

-1.2-1.2+0.1+1.0-2.2

-3.5-4.2+0.6-4.6+1.1

—————

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

Mr. Ketan Pendse has resigned as Chief Financial Officer and Key Managerial Personnel of Ajax Engineering Limited, effective close of business hours on September 7, 2026. The reason cited is personal, and he confirmed no other material reasons for his departure. The company acknowledged his contributions during his tenure. No successor has been named in this filing.

Likely market impact

Sudden CFO exit may raise short-term governance concerns among investors until a replacement is announced. Watch for an update on the new CFO appointment.