AJAXENGG2024-10-012024-12-31 AJAXENGG2024-10-012024-12-31 AJAXENGG2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member AJAXENGG2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member AJAXENGG2024-12-31 AJAXENGG2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AJAXENGG2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AJAXENGG2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member AJAXENGG2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544356 AJAXENGG NOTLISTED Ajax Engineering Limited Equity 2024-04-01 2025-03-31 2025-03-09 2025-03-05 INR Millions Third quarter 11:50:00 12:35:00 2025-03-09 2025-03-09 Not applicable Single segment Manufacturer of concrete equipment 2024-10-01 2024-12-31 Unaudited Standalone 5481780000.00 69010000.00 5550790000.00 4262310000.00 167200000.00 -411590000.00 269920000.00 5620000.00 28260000.00 313350000.00 4635070000.00 915720000.00 0.00 915720000.00 231990000.00 2470000.00 234460000.00 0.00 681260000.00 0.00 0.00 0.00 0.00 681260000.00 -890000.00 680370000.00 0.00 0.00 114410000.00 1 5.95 5.92 0.00 0.00 5.95 5.92 Notes to the unaudited financial results 1 The unaudited financial results of Ajax Engineering Limited (the 'Company') for the quarter and nine months ended December 31, 2024, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on March 09, 2025. 2 The above unaudited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting standard 34 (Ind AS 34) “Interim Financial Reporting” specified under Section 133 of the Companies Act, 2013, as amended, read with Companies (Indian Accounting Standards) Rules, 2015 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), as amended (“Listing Regulations”). 3 Subsequent to the quarter ended December 31, 2024, the Company has completed its Initial Public Offering (IPO) of 20,180,446 equity shares with a face value of Re. 1 each at an issue price of Rs. 629 per share (includes employee reservation portion of 78,947 equity shares with a face value of Re. 1 each at an issue price of Rs. 570), consisting entirely of offer for sale of 20,180,446 shares. The total proceeds on account of offer for sale is Rs. 12,688.84 million. The Company's equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on February 17, 2025. 4 Consequent to IPO of the Company as explained in note 3 above, the statement of unaudited financial results for the quarter and nine months ended December 31, 2024, is drawn up for the first time in accordance with the requirement of Regulation 33 of the Listing Regulations, which have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on March 09, 2025. The Statutory auditors of the Company have conducted a limited review of the above unaudited financial results. Further, the figures for the quarter ended September 30, 2024 and December 31, 2023 and nine months ended December 31, 2023, as reported in these unaudited financial results have been approved by the Board of Directors but have not been subjected to review of the statutory auditors. 5 The Company operates as a single business segment based on its products and has one reportable segment namely “manufacturer of concrete equipment”. Accordingly, these in the context of Ind AS 108 on operating segment reporting, are considered to constitute one segment by the Chief Operating Decision Maker and hence the Company has not made any additional segment disclosures. 6 The shareholders of the Company, at the General Meeting held on September 24, 2024, approved the Employee Stock Option Plan 2024 ( ESOP 2024 or the Plan ) through a special resolution. The Plan comprises two schemes: AJAX Employee Stock Option Scheme 2024 – Scheme I and Scheme II, effective from December 1, 2024 ( Effective Date ). The Company has granted stock options to certain employees and key managerial personnel under the above two schemes which were approved by the Board of Directors on January 21, 2025. For the grant of ESOPs, the Board of directors of the Company through circular resolution dated January 18, 2025 and the shareholders of the Company in the Extra ordinary general meeting dated January 18, 2025, have approved an increase in the Company's authorized share capital by 500,000 equity shares of face value of Re.1 each, amounting to Rs. 500,000. Single segment 2024-04-01 2024-12-31 Unaudited Standalone 13181630000.00 310720000.00 13492350000.00 12531400000.00 486490000.00 -3640170000.00 786400000.00 15610000.00 81050000.00 944560000.00 11205340000.00 2287010000.00 0.00 2287010000.00 643850000.00 -48320000.00 595530000.00 0.00 1691480000.00 0.00 0.00 0.00 0.00 1691480000.00 1240000.00 1692720000.00 0.00 0.00 114410000.00 1 14.78 14.71 0.00 0.00 14.78 14.71 Other Expenses 313350000.00 Other Expenses 944560000.00 Re-measurement gain (loss) on defined benefit plans 320000.00 Re-measurement gain (loss) on defined benefit plans 960000.00 320000.00 960000.00 80000.00 240000.00 Net-gain (loss) on debt instruments through other comprehensive income -1500000.00 Net-gain (loss) on debt instruments through other comprehensive income 700000.00 -1500000.00 700000.00 -370000.00 180000.00