AJAX ENGINEERING LIMITED announced significant leadership transitions following a Board of Directors meeting on June 2, 2026. The company accepted the resignation of Mr. Ganesh B J as Interim Chief Financial Officer and subsequently appointed Mr. Ketan Pendse as the new Chief Financial Officer. Both appointments and cessations are effective June 2, 2026.
Board Meeting Decisions
On June 2, 2026, the Board of Directors of AJAX ENGINEERING LIMITED convened to discuss and approve several key personnel changes. The meeting, which commenced at 6:30 PM and concluded at 7:27 PM, focused on vital leadership appointments and acceptances of resignations, aligning with the company’s strategic growth and governance objectives.
Leadership Transition: Interim CFO Departs
The Board took formal note of the resignation of Mr. Ganesh B J from his role as Interim Chief Financial Officer. Mr. B J had initially assumed the position on an interim basis to ensure continuity and provide leadership during a transition period. His departure is effective June 2, 2026, marking the fulfillment of his interim assignment as a permanent CFO has been appointed.
New Chief Financial Officer Appointed
In a significant development, the Board approved the appointment of Mr. Ketan Pendse as the new Chief Financial Officer of AJAX ENGINEERING LIMITED. This appointment is also effective June 2, 2026. Mr. Pendse brings a wealth of experience, with over 24 years in finance, treasury, governance, and business transformation, particularly within the engineering, EPC, and capital equipment sectors. He previously served as Chief Financial Officer and Whole Time Director at TKIL Industries Pvt. Ltd. and has also worked with Ranadey Agro Limited and Dow Corning India Pvt. Ltd. His expertise includes controllership, accounting, taxation, treasury, and enterprise risk management.
Committees’ Recommendations
These decisions were made following the recommendations of the Nomination and Remuneration Committee and in consultation with the Audit Committee, underscoring a robust governance process for these critical appointments and resignations.
Source: BSE
