Board meeting outcome for the Board meeting held on May 18, 2026.
AJAXENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ajax Engineering Limited's board approved audited FY2026 results showing revenue of Rs. 21,025.37 million (up from Rs. 20,759.15 million), but profit after tax fell to Rs. 2,251.45 million from Rs. 2,600.96 million in FY2025 - a decline of about 13.4%. Basic EPS dropped to Rs. 19.68 from Rs. 22.13. The auditors issued an unmodified 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, pending shareholder approval. Mr. Jacob Jiten John resigned as Whole-time Director effective May 18, 2026, citing personal reasons, with no other material reasons confirmed. An exceptional charge of Rs. 31.04 million was recorded due to new labour codes impacting gratuity liability.
The profit decline despite marginal revenue growth may concern investors, while the director changes suggest potential shifts in shareholder composition and governance structure. The IPO-listed company listed just over a year ago on NSE and BSE.