Ajax Engineering Limited has officially communicated to stock exchanges that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) framework for debt securities issuance. The disclosure was made on April 14, 2026, addressing the regulatory requirements outlined in SEBI Circular No SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Disclosure

Ajax Engineering submitted the mandatory disclosure to both BSE and NSE, confirming that the company does not fall under the criteria specified in para 2.2 of the SEBI circular. The framework requires large entities to make specific disclosures regarding their fund raising activities through debt securities issuance.

Financial Position Details

The company provided key financial metrics in its disclosure filing, demonstrating its current borrowing status and regulatory standing:

Company Secretary Certification

The disclosure was signed and certified by Shruti Vishwanath Shetty, Company Secretary and Compliance Officer (Membership No. A33617). The digital signature was applied on April 14, 2026, ensuring the authenticity and legal validity of the submission.

Regulatory Framework Context

The SEBI circular mandates that entities meeting specific criteria for Large Corporate classification must make periodic disclosures about their debt fundraising activities. Companies that do not meet these criteria, like Ajax Engineering Limited, are required to file confirmatory disclosures stating their non-applicability status. This ensures transparency in the corporate debt market and helps investors understand the regulatory status of listed entities.

The company's nil outstanding borrowings as of March 31, 2026, clearly positions it outside the Large Corporate framework, which typically applies to entities with substantial debt obligations and regular debt market participation.

Ajax engineering Limited has fulfilled its quarterly regulatory obligations by submitting a compliance certificate to stock exchanges for the quarter ending March 31, 2026. The Bengaluru-based company filed the mandatory disclosure with both BSE and NSE on April 9, 2026, as required under SEBI regulations.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited, the company's registrar and share transfer agent, pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms a significant operational detail regarding the company's shareholding structure.

Share Holding Structure

The certificate reveals that Ajax Engineering Limited maintains a fully electronic shareholding structure. MUFG Intime India confirmed that no demat requests were received for processing during the quarter, as all shares of the company are held exclusively in electronic mode.

This electronic-only shareholding structure reflects the company's alignment with modern market practices and regulatory preferences for dematerialized securities. The absence of physical share certificates eliminates the need for conversion requests during the reporting period.

Corporate Governance

Company Secretary and Compliance Officer Shruti Vishwanath Shetty signed the disclosure document, ensuring proper corporate governance protocols were followed. The filing demonstrates the company's commitment to maintaining transparency and regulatory compliance with stock exchange requirements.

The certificate was digitally signed and submitted to both BSE (Scrip Code: 544356) and NSE (Symbol: AJAXENGG), completing the mandatory quarterly reporting process for the company's shareholding and transfer agent activities.