Ajax Engineering Limited Announces CFO Transition Following Board Meeting
Ajax Engineering Limited, which was previously known as Ajax Engineering Private Limited, announced key changes in its top finance leadership following its Board of Directors meeting held on June 2, 2026. The board took note of the resignation of Mr. Ganesh B J as the Interim Chief Financial Officer and appointed Mr. Ketan Pendse as the new Chief Financial Officer.Mr. Ganesh B J stepped down from the interim CFO role, noting that the purpose of the assignment, which was intended to provide leadership and continuity during the transition to a permanent CFO, has now been fulfilled. The resignation was effective with immediate effect on June 2, 2026.
The Company announced the appointment of Mr. Ketan Pendse as the Chief Financial Officer, effective June 2, 2026.
Mr. Ketan Pendse brings extensive experience to the role, having served as a seasoned finance leader and Chartered Accountant. His career spans over 24 years across finance, treasury, governance, risk management, and business transformation in the engineering, EPC, and capital equipment sectors.
Prior to joining Ajax Engineering Limited, Mr. Pendse held the position of Chief Financial Officer and Whole Time Director at TKIL Industries Pvt. Ltd. (formerly Thyssenkrupp Industries India), a diversified engineering company. His experience also includes working with Ranadey Agro Limited and Dow Corning India Pvt. Ltd.
Throughout his career, Mr. Pendse has built deep expertise in controllership, accounting, taxation, treasury, compliance, procurement, commercial project management, and enterprise risk management. He has played a pivotal role in establishing robust governance frameworks, optimizing working capital, and strengthening financial controls across multiple business verticals, making him a well-rounded leader known for combining financial rigor with strategic business partnering.
The Board of Directors meeting commenced at 6:30 PM and concluded at 7:27 PM on June 2, 2026.
AJAXENGG Stock Price Movement
Today, Ajax Engineering Limited shares edged higher to close at ₹590.4, marking a 0.40% gain for the day. The stock saw moderate trading activity, with a total volume of 34,541 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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