Ajax Engineering Limited has informed the Exchange regarding Resignation of Mr Raghavan Sadagopan as Non- Executive Independent Director of the company w.e.f. March 31, 2026.
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Mr. Raghavan Sadagopan (DIN: 00002647) has resigned as Non-Executive Independent Director of Ajax Engineering Limited, effective close of business hours on March 31, 2026. The reason is that he has turned 80 years old and had previously stated he would not continue beyond that age. He will also step down from the Nomination and Remuneration Committee and Stakeholder Relationship Committee. He confirmed there are no other material reasons for his departure. The Board recorded appreciation for his contributions during his tenure.
This is a routine, age-driven exit and not indicative of any governance concerns or strategic shifts. Shareholders are unlikely to see any meaningful impact on the stock or company operations, though the company will need to fill the independent director vacancy within the timelines required under SEBI rules.