Ajax Engineering Limited announced the appointment of Mr. Ketan Pendse as its new Chief Financial Officer (CFO), effective June 2, 2026. This follows the resignation of Mr. Ganesh B J from his interim CFO role. Mr. Pendse brings over 24 years of experience in finance and leadership across various sectors. The Board of Directors convened on June 2, 2026, to approve these changes.
Board Approves Key Leadership Changes
Ajax Engineering Limited has announced significant changes in its financial leadership. Following a Board of Directors meeting held on June 2, 2026, the company confirmed the appointment of Mr. Ketan Pendse as its new Chief Financial Officer (CFO). This strategic appointment comes as the company aims to strengthen its financial operations and drive future growth.
Interim CFO Resignation
The Board also accepted the resignation of Mr. Ganesh B J from his position as Interim Chief Financial Officer. Mr. B J had been serving in this capacity to ensure continuity during the transition period. His role was to provide leadership until a permanent CFO was appointed. The company expressed that the purpose of his interim assignment has now been fulfilled.
New CFO Profile
Mr. Ketan Pendse brings a wealth of experience to Ajax Engineering, with over 24 years in finance and accounting. He is a seasoned leader with expertise in treasury, governance, risk management, and business transformation, particularly within the engineering, EPC, and capital equipment sectors. Previously, Mr. Pendse held significant roles, including Chief Financial Officer and Whole Time Director at TKIL Industries Pvt. Ltd. (formerly Thyssenkrupp Industries India). His career also includes tenures at Ranadey Agro Limited and Dow Corning India Pvt. Ltd. He is recognized for his deep expertise in controllership, accounting, taxation, compliance, and enterprise risk management, with a proven ability to drive strategic business partnerships and foster long-term value creation.
Effective Dates and Board Meeting Details
The resignation of Mr. Ganesh B J is effective immediately as of June 2, 2026. The appointment of Mr. Ketan Pendse as CFO is also effective from June 2, 2026. The Board of Directors meeting where these decisions were made commenced at 6:30 PM and concluded at 07:27 PM on June 2, 2026.
Director Relationships
Regarding the appointment of Mr. Ketan Pendse, the company has stated that there are no relationships between him and the existing Directors of the Company.
Source: BSE
