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:

Ajax Engineering disclosed that its promoters and promoter group have not created any encumbrance on their shares during the financial year ended March 31, 2026. The confirmation was submitted to the stock exchanges on April 9, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. This regulatory requirement mandates promoters to declare whether any shares held by them, the promoter group, or persons acting in concert have been encumbered directly or indirectly during the specified period.

The filing confirmed that neither the promoters nor the promoter group created any such encumbrance during FY26. The disclosure was signed by promoters Krishnaswamy Vijay and Jacob Jiten John on behalf of the entire promoter and promoter group. The document was addressed to BSE Limited and the National Stock Exchange of India Limited, with copies marked to the Audit Committee of ajax engineering .

The submission included Annexure A, which provides a detailed breakdown of the promoter and promoter group entities. The list comprises individual promoters, corporate promoters, and other members of the promoter group. The total count of listed entities and individuals in the promoter structure is 44.

Promoter and Promoter Group Structure

The following table outlines the composition of the promoter and promoter group as disclosed in the filing: