Please find the attached Investor Presentation on the Unaudited financial Results of the Company for the Quarter and Half Year ended September 30, 2026.

REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly kno wn as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www.ajax-engg.com Date: November 6, 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – Mumbai - 400001. 400 051 BSE Scrip Code: 544356 NSE Scrip Symbol: AJAXENGG Subject: Analysts/ Investors’ Presentation Dear Sir/Ma’am, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our communication dated November 2, 2026, we are enclosing herewith a copy of the Presentation to be made during the Investor meeting as scheduled on Friday, November 6, 2026. The above information is also hosted on the website of the Company at https://www.ajaxengg.com/investor-relations. Kindly take the same in your record. Thanking you, For Ajax Engineering Limited (Formerly known as Ajax Engineering Private Limited) Shruti Vishwanath Shetty Company Secretary and Compliance Officer Membership No. A33617 Ajax Engineering Limited Investor Presentation November 2026 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ajax Engineering Limited (the “Company” / “Ajax”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Q2 & H1 FY27 Performance Industry and Macroeconomic Factors State government capex momentum remains tepid Average State Government Capex Utilisation Key states for Ajax record sub-par capex for Apr-Aug period in last few years utilisation for Apr-Aug ’26 (FY27): 21% 20% 21% 22% 21% Uttar Pradesh ~10% • State capex utilisation at 77.2% of budget in FY26, vs 80.2% in FY25 Maharashtra ~16% Utilisation levels • Apr–Aug ’26 capex at 21% of full-year Odisha ~16% remain soft budget, vs ~32% for revenue expenditure Telangana ~26% FY22 FY23 FY24 FY25 FY26 FY27 YoY growth, Apr–Aug ’26 • Defence spending up 37% YoY vs 16% for Non-defence 16% non-defence Diversion of funds to • Subsidies up 24% YoY, already at 46% of Defence 37% other sectors full-year budget Subsidies 24% 3 Expected road construction pace, km/day • Highway construction down 19% YoY in H1 Pace of project FY27 FY26 25 execution • Road capex up only 2% in Apr–Aug ’26 FY27E 21 • Sharp rise in steel and other crude-linked commodities; freight costs up considerably Cost pressures YoY rise in CE manufacturing cost, H1 FY27 • CE manufacturing cost up ~6–7% YoY in H1 mounting FY27, driven largely by steel What Ajax is doing to counter Industry Headwinds Increase the Grow presence in addressable pond Non-SLCMs • Scaling up the UDAAN Series of • Driving Non-SLCM growth, led SLCMs to democratise by a push on Batching Plants mechanisation in India and Pumps • Growing in the private sector • Betting on product through stronger customer differentiation, brand equity and relationships and emerging a wide distribution network to 11,500 mn+ urban projects deepen penetration Cash & Cash Equivalent war chest to seize growth/inorganic opportunities Cost optimisation & Cash flow & financial price hikes discipline • Enhancing operational • Focus on cash generation, efficiency and driving cost disciplined working capital and optimisation prudent capital allocation Price hike taken in Sep-26 and further • Working with suppliers to • Strong balance sheet gives price hikes to be considered in negotiate better pricing terms flexibility to capitalise on growth amid rising commodity costs opportunities as they arise calibrated manner in H2 FY27 Key Highlights – H1 FY27 SLCM Volumes SLCM Revenue SLCM Market Share Non-SLCM Revenue 2,370 7,835 75.5% 1,035 ₹ mn ₹ mn 2.5% 3.3% 70.7% 31.5% Y-o-Y Y-o-Y vs. Y-o-Y Y-o-Y Total Revenue Gross Margin EBITDA Margin PAT 9,616 25.2% 11.5% 1,065 ₹ mn ₹ mn 5.5% 20 bps 20 bps 15.9% Y-o-Y Y-o-Y Y-o-Y Y-o-Y) ROCE * ROE * Net Working Capital Cash Balance 19.0% 14.2% 22 11,511 days ₹ mn # * Annualised | # Does not include cash earmarked for CSR purposes Financial Highlights – Q2 & H1 FY27 Revenue (₹ mn) EBITDA (₹ mn) PAT (₹ mn) Key Performance Highlights +5.5% +3.7% +15.9% • Revenue for H1 FY27 grew by 5.5% over H1 FY26, driven by 9,616 1,106 1,065 9,113 1,066 919 volumes and price hikes. +9.5% +13.7% +30.4% • Gross Margin remained largely 4,870 4,448 515 509 453 stable, with price hikes offsetting higher raw material costs. Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 • EBITDA Margin for H1 FY27 broadly stable compared to H1 FY26 despite one-time SAP Gross Margin (%) EBITDA Margin (%) PAT Margin (%) implementation cost. • Demand environment remains Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 soft. Pick-up expected in H2. • Focus remains on maintaining 24.2% 25.2% 10.6% 11.5% 10.5% 11.1% balance between growth, profitability, cash flow +20 bps +20 bps +40 bps -20 bps +170 bps +100 bps generation and working capital YoY YoY YoY YoY YoY YoY management. Segment-wise Performance Highlights – Q2 & H1 FY27 SLCM Non-SLCM Spares & Services +3.3% +31.5% +0.7% ) 7,586 7,835 1,035 740 746 sm +64.7% i w +5.9% 787 -4.7% n e 3,738 3,958 558 371 354 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Key Perfor [Showing first 8,000 characters — download PDF for full document]