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.

Ajax engineering has announced the resignation of Mr. Raghavan Sadagopan as Non-Executive Independent Director, effective from close of business hours on March 31, 2026. The company informed BSE and NSE about this development in compliance with Regulation 30 of SEBI Listing Regulations.

Resignation Details

Mr. Raghavan Sadagopan (DIN: 00002647) submitted his resignation letter dated March 31, 2026, citing his decision not to continue in the directorial role upon attaining the age of 80 years. The resignation follows his earlier indication that he would not serve as Independent Director beyond this age.

Committee Memberships

Consequent to his resignation as Director, Mr. Sadagopan will also cease to be a member of two key board committees:

• Nomination and Remuneration Committee
• Stakeholder Relationship Committee

Board's Acknowledgment

The Board of Directors placed on record their deep appreciation for the valuable contributions and guidance provided by Mr. Raghavan Sadagopan during his tenure as Independent Director. In his resignation letter, Mr. Sadagopan expressed gratitude for the opportunity to serve on the Board and contribute to the company's growth and governance.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 and Schedule III of SEBI Listing Regulations. Mr. Sadagopan confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter. The resignation letter has been enclosed with the regulatory filing as required.

Company Information

Ajax Engineering Limited, formerly known as Ajax Engineering Private Limited, is incorporated with CIN L28245KA1992PLC013306. The company's registered office is located at 253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. The company secretary and compliance officer Shruti Vishwanath Shetty signed the regulatory intimation.