Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain. As of September 30, 2024, The Company has developed 141 concrete equipment variants for the value chain and sold over 29,800 units in India in the last ten years.

As of September 30, 2024, the design, engineering, and development team has 79 full-time employees, about 15.96% of the total workforce. As of September 30, 2024, Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility. As of September 30, 2024, The Company has 51 dealerships across 23 states in India, providing 114 touchpoints, including 51 headquarters and 63

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• Market leader in a large and fast-growing SLCM market with an approximately 77%, 75%, 77% and 86% market share in the SLCM market in India in terms of number of SLCMs sold during the six months period ended September 30, 2024and Financial Years2024, 2023 and 2022, respectively.
• Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain and over 141concrete equipment variants as of September 30, 2024
• Engineering-focused concrete   equipment   company   with   strong   in-house   design,   development   and   engineering capabilities.
• Technology-led assembly and manufacturing processes supported by robust supplier network.
• Dealer-led distribution model with 51 dealerships across 23 states in India as of September 30, 2024.
• Diversified customer base with longstanding relationships in the concrete equipment market and over 19,000customersas of September 30, 2024.
• Experienced management team supported by qualified and experienced personnel.

The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.

The Company is the leader in SLCM machinery that are widely used in infra developments. The company enjoys 75% plus in the SLCM market share and thus has virtual monopoly like situation. The company posted steady growth in its top and bottom lines for the reported periods amidst elections. Based on its recent financial performance, the issue appears reasonably priced against the peers’ average. Hence, Investors may subscribe for medium to long term perspective.