Ajax Engineering Limited announced the resignation of Mr. Raghavan Sadagopan from his position as Non-Executive, Independent Director, effective March 31, 2026. The resignation is due to Mr. Sadagopan attaining the mandatory retirement age of 80 years. The Board recorded its appreciation for his contributions and confirmed that there are no other material reasons for his departure besides the age limit.
Resignation of Independent Director
Ajax Engineering Limited has formally notified the stock exchanges regarding a key change in its board composition. Mr. Raghavan Sadagopan (DIN: 00002647), serving as a Non-Executive, Independent Director, has tendered his resignation.
The effective date for this cessation of role is the close of business hours on Tuesday, March 31, 2026. This decision aligns with the company’s policy, as Mr. Sadagopan has attained the age of 80 years and has elected not to continue in the position beyond this milestone.
Committee Membership Cessation
Consequent to his resignation from the Board, Mr. Sadagopan will also immediately cease to be a member of the Nomination and Remuneration Committee and the Stakeholder Relationship Committee of the Company.
Board Acknowledgment
The Board of Directors formally accepted the resignation and used the opportunity to place on record their deep appreciation for the valuable guidance and contributions provided by Mr. Sadagopan throughout his tenure as an Independent Director. In his formal resignation letter, Mr. Sadagopan confirmed that his departure is solely due to the attainment of the age limit of 80 years and there are no other material reasons influencing his decision.
Source: BSE
