Ajax Engineering Limited Approves FY Results; Appoints Additional Director and Records Director Resignation
Ajax Engineering Limited announced key corporate updates following a Board meeting held on May 18, 2026. The Board considered and approved the audited financial statements and results for the quarter and the full year ended March 31, 2026, accompanied by an unmodified opinion from the statutory auditors.The company also announced significant changes to its board composition, including the appointment of a new Additional Director and the resignation of a Whole-time Director.
Board Appointments and Resignations
During the meeting, the Board of Directors took action on two key governance matters.The company appointed Mr. Sachin Rajkumar Nandgaonkar (DIN: 03410739) as an Additional Director (Non-executive and Nominee Director). This appointment is subject to the approval of the shareholders. Mr. Nandgaonkar is a seasoned business leader with over three decades of experience, having worked with organizations such as Accenture and Boston Consulting Group.
The Board also noted the resignation of Mr. Jacob Jiten John (DIN: 03636873) as Whole-time Director, effective from the close of business hours on May 18, 2026.
Financial Performance Summary
The audited financial results for the quarter and the full year ended March 31, 2026, were approved by the Board, following review by the Audit Committee.The following tables provide the audited financial results for the period and key comparative financial statements.
Statement of Audited Assets and Liabilities (Amounts in Rs. million)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total non-current assets | 3,121.25 | 2,458.81 |
| Total current assets | 14,395.61 | 12,365.69 |
| Total assets | 17,516.86 | 14,824.50 |
| Total equity | 13,922.20 | 11,571.37 |
| Total non-current liabilities | 159.12 | 116.29 |
| Total current liabilities | 3,435.54 | 3,253.13 |
| Total equity and liabilities | 17,516.86 | 14,824.50 |
Statement of Audited Financial Results (Amounts in Rs. million, except as otherwise stated)
| Particulars | March 31, 2026 (Audited) | Quarter ended Dec 31, 2025 (Unaudited) | March 31, 2025 (Audited) | Year ended March 31, 2026 (Audited) | ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Total income (I) | 7,708.87 | 4,468.09 | 7,674.85 | 21,17.12 | 21,167.20 |
| Total expenses (II) | 6,449.32 | 3,919.94 | 6,453.04 | 18,473.81 | 17,658.38 |
| Profit before tax (V = III - IV) | 1,259.55 | 517.11 | 1,221.81 | 3,012.28 | 3,508.82 |
| Profit for the period/year (VII=V-VI) | 949.63 | 382.41 | 909.48 | 2,251.45 | 2,600.96 |
| Total comprehensive income for the period/year (XI=VII+X) | 949.45 | 390.62 | 904.14 | 2,251.10 | 2,596.86 |
Statement of Audited Cash Flows (Amounts in Rs. million, except as otherwise stated)
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Operating profit before working capital changes | 2,966.12 | 3,441.15 |
| Cash generated from operations | 4,552.34 | 1,308.32 |
| Net cash now used in investing activities (II) | (2,569.69) | (346.62) |
| Net cash now used in financing activities (III) | (3.60) | (255.06) |
| Net increase/(decrease) in cash and cash equivalents (IV=I+II+III) | 1,199.58 | (174.48) |
| Cash and cash equivalents at the end of the year | 1,659.04 | 459.46 |
AJAXENGG Stock Price Movement
Ajax Engineering Limited shares today slipped by 0.37% to settle at ₹524.75. The stock saw a total trading volume of 52,007 shares.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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