AJAX ENGINEERING LIMITED has informed the Exchange about Resignation of Independent director.
AJAXENGG · price
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Ajax Engineering Limited has informed the stock exchange about the resignation of Mr. Raghavan Sadagopan (DIN: 00002647) from the position of Independent Director. His resignation takes effect from the close of business hours on March 31, 2026. The reason cited is that he has attained the age of 80 years, and he had previously informed the company, before accepting the directorship, that he would not continue beyond that age. He has expressed gratitude for the opportunity to serve on the board and contribute to the company's growth and governance. The company has been requested to file the necessary disclosures with the Registrar of Companies and stock exchanges.
This is a routine, planned exit due to the director's personal age-based decision and is unlikely to have any material impact on the stock price or company operations. Shareholders should note that the board will need to fill the vacancy of an independent director within the timelines prescribed under the Companies Act and SEBI LODR regulations.