AJAX ENGINEERING LIMITED has announced significant leadership updates following a Board of Directors meeting on June 2, 2026. The company accepted the resignation of its Interim Chief Financial Officer, Mr. Ganesh B J. Concurrently, the Board appointed Mr. Ketan Pendse as the new Chief Financial Officer. The meeting, which focused on these and other strategic matters, concluded with these key personnel decisions aimed at strengthening the company’s financial leadership.
Board Meeting Concludes with Key Appointments
AJAX ENGINEERING LIMITED held a Board of Directors meeting on June 2, 2026, during which several important decisions were made concerning the company’s leadership structure. The meeting, which commenced at 6:30 PM and concluded at 07:27 PM, saw the formal acceptance of the resignation of Mr. Ganesh B J from his position as Interim Chief Financial Officer.
Resignation of Interim CFO
Mr. Ganesh B J had been serving as the Interim Chief Financial Officer to provide leadership and continuity during a transition period, pending the appointment of a permanent CFO. His resignation was accepted with immediate effect on June 2, 2026. Mr. B J expressed gratitude for the opportunity to serve the company and contribute to its growth and governance.
Appointment of New Chief Financial Officer
Following the acceptance of Mr. B J’s resignation, the Board appointed Mr. Ketan Pendse as the new Chief Financial Officer of AJAX ENGINEERING LIMITED. This appointment is effective from June 2, 2026. Mr. Pendse brings over 24 years of experience in finance, treasury, governance, risk management, and business transformation across the engineering, EPC, and capital equipment sectors. His previous roles include Chief Financial Officer and Whole Time Director at TKIL Industries Pvt. Ltd.
Mr. Pendse’s Extensive Experience
Mr. Pendse’s career highlights include significant expertise in controllership, accounting, taxation, treasury, compliance, procurement, commercial project management, and enterprise risk management. He is recognized for establishing robust governance frameworks, driving digitization initiatives, optimizing working capital, and strengthening financial controls. His strategic business partnering approach is expected to support the company’s growth and long-term value creation.
Disclosure Requirements Met
The company has provided detailed disclosures as required under the relevant regulations, including the particulars of the individuals involved in these changes, their roles, and effective dates. For Mr. Ganesh B J, the reason for cessation was the fulfillment of the interim assignment’s purpose. For Mr. Ketan Pendse, the appointment details and his brief profile have been duly submitted. There are no disclosed relationships between the directors of the company in relation to these appointments.
Source: BSE
