Ajax Engineering Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
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Ajax Engineering Limited completed a postal ballot via remote e-voting to ratify its Employee Stock Option Plan 2024, including ESOP Scheme – I and Scheme – II. The voting closed on July 11, 2025, and the special resolution was passed with 96.80% of votes in favour (about 10.17 crore votes) versus just 3.20% against (about 33.67 lakh votes). Promoter and promoter group voted 100% in favour on their full 9.15 crore shareholding, public institutions voted 75.23% in favour, and public non-institutions voted 54.61% in favour. The Scrutinizer's Report from BMP & Co. LLP confirms the resolution has been duly passed with the requisite majority.
The ESOP plan is now formally ratified, enabling the company to issue stock options to employees as a retention and motivation tool. Over time, this may lead to some equity dilution for existing shareholders once the options are exercised.