Ajax Engineering Ltd has appointed M/s PKF Sridhar & Santhanam LLP as its internal auditor for the financial year 2026-27. The appointment, effective from June 2, 2026, was approved by the Board of Directors on July 5, 2026, following the recommendation of the Audit Committee. This decision follows the completion of the tenure of the previous internal auditor, M/s PricewaterhouseCoopers Private Limited, on March 31, 2026.

The new auditor, identified by Firm Registration Number (FRN) 003990S/S200018, is a member of the PKF global network. Established in 1978, the firm brings over 45 years of experience and operates through seven offices across India. PKF Sridhar & Santhanam LLP provides audit, risk advisory, tax, and consulting services, supported by a team of 28 partners and over 1,000 professionals.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Internal Auditor Appointment Details

Rajan Wadhwa resigned as Non-Executive, Independent Director of Ajax Engineering Limited effective June 18, 2026, due to personal reasons. His resignation, tendered via a letter dated June 18, 2026, was accepted by the Board of Directors, bringing his tenure to a close at the end of business hours on the same day. Consequently, Wadhwa has ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee of the company.

The Board placed on record its deep appreciation for the valuable contributions and guidance provided by Wadhwa during his tenure as an Independent Director. The company confirmed that there are no other material reasons for his resignation beyond those cited in his letter. The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulations), 2015.

Wadhwa holds directorships in other listed entities, including Ask Automotive Limited and GNA Axles Limited. At Ask Automotive Limited, he serves on the Risk Management Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. At GNA Axles Limited, he is a member of the Audit Committee.

Resignation Details

The following table outlines the key particulars regarding the change in directorship: