Financial Performance Overview

Ajax Engineering reported revenue from operations of ₹21,025.37 million (FY25: ₹20,739.15 million) and net profit attributable to equity shareholders of ₹2,251.45 million (FY25: ₹2,600.96 million). Total assets stood at ₹5,977.67 million as of March 31, 2026, with earnings per share of Basic ₹19.68 and Diluted ₹19.55.

Significant Financial Disclosures

  • Property, Plant and Equipment: Gross block of ₹1,862.90 million with net block of ₹1,323.76 million and capital work in progress of ₹349.79 million
  • Investments: ₹696.80 million in non-current investments (bonds and NCDs) and ₹8,820.05 million in current investments primarily in mutual funds
  • Employee Benefits: Defined benefit gratuity plan managed by Kotak Mahindra Life Insurance Ltd with obligation of ₹147.54 million and ESOP 2024 expense of ₹95.13 million
  • Provisions: ₹215.89 million provision for warranty claims and ₹310.39 million provision for employee benefits
  • Contingent Liabilities: ₹331.27 million including customs matters (₹189.12 million) and KIADB price revision (₹78.78 million)

34th Annual General Meeting Details

  • Date: Monday, September 28, 2026 at 09:30 A.M. (IST)
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Cut-off Date: Monday, September 21, 2026 for eligibility to vote
  • Proposed Resolutions: Adoption of financial statements, re-appointment of Mr. Krishnaswamy Vijay as Whole Time Director and Executive Chairman, and ratification of cost auditor's remuneration not exceeding ₹5,00,000 for Mr. A. N. Sriram

Voting Process and Methods

  • Remote e-voting Period: September 25, 2026 (9:00 a.m. IST) to September 27, 2026 (5:00 p.m. IST)
  • E-voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. Pramod S M or CS Biswajit Ghosh of M/s. BMP & Co. LLP
  • Results Declaration: To be placed on Company's website and forwarded to stock exchanges (BSE and NSE)

Compliance and Regulatory Matters

The company has complied with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations, with no material impact from new accounting standards effective from April 1, 2025. CSR expenditure was ₹52.75 million for the year ended March 31, 2026, with no defaults in repayment of borrowings or interest payments.