Ajax Engineering Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ajax Engineering Limited reported audited FY2026 results with revenue from operations at Rs. 21,025.37 million, nearly flat compared to Rs. 20,722.15 million in FY2025. Profit after tax declined to Rs. 2,251.45 million from Rs. 2,600.96 million in the prior year, representing a significant drop. The auditors issued an unmodified (clean) opinion. The Board appointed Mr. Sachin Rajkumar Nandgaonkar as an Additional Director (Non-executive, Nominee Director) representing The Johns Loaves Trust and Jacob Hansen Family Trust, subject to shareholder approval. Mr. Jacob Jiten John resigned as Whole-time Director citing personal reasons with no material reasons stated. An exceptional item of Rs. 31.04 million was recorded for incremental gratuity liability due to new labour codes.
The company showed revenue stagnation and PAT decline in FY2026, which could concern shareholders. The appointment of a nominee director from family trusts and the resignation of a whole-time director represent board-level changes that investors should monitor.