AJAXENGGNSEAjax Engineering Limited· Agricultural Commercial & Construction VehiclesHighNegative

Announced Tue, 2 Jun, 2026 · 20:24 IST

CFO change at Ajax Engineering: interim CFO exits, Ketan Pendse appointed

Cfo ResignedManagement Changes View source PDF Explain this filing

AJAXENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹590.70

prior close

₹593.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.4% vs market

Construction Vehicles peers, median of 5sector-0.5%+1.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.6

15m

+0.2

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+0.2+0.4-0.5+1.2

Next day

+1.6+1.1+0.5+1.4+0.1

+1.4+1.1+0.3+1.0+0.5

-5.6-0.9-4.7+0.6-6.2

-1.8+1.0-2.8+2.2-4.0

-3.9-0.5-3.4+0.8-4.6

-5.4+1.4-6.7+2.8-8.1

15d

-6.4+6.2-12.6+14.5-20.9

-8.5+7.1-15.6+13.0-21.5

+0.7+8.0-7.2+24.4-23.7

-2.2+11.2-13.4+20.2-22.4

UpDownMarket · Nifty Microcap 250Sector · Construction Vehicles peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Ganesh B J has stepped down as Interim CFO of Ajax Engineering with effect from June 2, 2026. He had been serving in an interim role during the transition to a permanent CFO. The Board has appointed Mr. Ketan Pendse as the new Chief Financial Officer from the same date. Mr. Pendse is a Chartered Accountant with over 24 years of experience in finance, treasury, governance, and risk management, and was previously CFO and Whole Time Director at TKIL Industries, formerly Thyssenkrupp Industries India.

Likely market impact

Planned CFO transition completed smoothly. New CFO brings 24 years of finance leadership from engineering and EPC sectors, broadly viewed as neutral to mildly positive.