Axiscades Technologies Ltd

AGM details and outcomes

• AGM held Sept 28, 2026 at 10:30 AM IST via VC/OVAM.
• Cut-off date for voting: Sept 21, 2026.
• Remote e-voting Sept 25–27, 2026; voting at AGM via VC/OVAM.
• Scrutinizer's report on e-voting submitted.
• Resolution 1: Adoption of Audited Financial Statements (Standalone & Consolidated) — Passed.
• Resolution 2: Venkatraman Venkitachalam appointed director by rotation — Passed.
• Resolution 3: Abha Maheshwari appointed Non-Executive, Non-Independent Director — Passed.
• Resolution 4: Ashmita Sethi appointed Non-Executive, Independent Director — Passed.
• Resolution 5: Commission to Non-Executive Directors approved — Passed.
• Resolution 6: Material Related Party Transactions - Corporate Guarantee from subsidiary — Passed.
• Resolution 7: Borrowing limits approved.
• Resolution 8: Creation of charge on assets approved.
• All resolutions 1–8 passed.

Transaction details

• Target: AXISCADES Technologies Limited; Acquirer: Jupiter Capital Private Limited (non-promoter).
• Transaction: Acquisition of 46,20,230 shares (10.86%); NSE/BSE on 28.09.2026 and 29.09.2026.
• Pre-holdings: voting rights 2,13,31,047 (50.15%), encumbrances 23,51,000 (5.53%).
• Post-holdings: voting rights 1,67,10,817 (39.29%), encumbrances 23,51,000 (5.53%).
• Total post-transaction: 1,90,61,817 shares (44.82%); diluted share capital: 4,25,33,489.
• Two dates: 28.09.2026 and 29.09.2026.
• Mode: Stock exchanges (NSE/BSE); promoter group: No.

AXISCADES Technologies Limited: Trading window closed from October 01, 2026 till 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026; trading window shall open after 48 hours of declaration.

AGM Details

• Date and time: 28 September 2026, 10:30 IST.
• Mode: VC/OAVM.
• Duration: 10:30–11:28 IST (58 minutes).

Resolutions Placed

• Adoption of audited standalone and consolidated financial statements (ordinary).
• Appointment of Venkatraman Venkitachalam as director liable to retire by rotation.
• Appointment of Abhay Maheshwari as non-executive, non-independent director (special).
• Appointment of Ashmita Sethi as non-executive, independent director (special).
• Payment of commission to non-executive directors (special).
• Approval of material related party transactions: corporate guarantee from Mistral Solutions Private Limited.
• Approval for the company's borrowing limits (special).
• Approval for creation of charge on company assets (special).

Director Changes

• Venkatraman Venkitachalam to retire by rotation.
• Abhay Maheshwari appointed as non-executive, non-independent director.
• Ashmita Sethi appointed as non-executive, independent director.

Material RPTs

• Material RPT approved: corporate guarantee from Mistral Solutions Pvt Ltd.

Voting Status

• Voting results to be submitted to stock exchanges and hosted on the company's website.

Corporate guarantee issued

• Board approved corporate guarantee to Cloud Wave Technologies Pvt Ltd for Rs 20 crore.
• Guarantee replaces personal guarantees of exiting shareholders.
• Amount is up to Rs 20 crore; tenure aligns with underlying facilities.
• Beneficiary is Cloud Wave, subsidiary; transaction in ordinary course at arm's length.
• Promoters do not have any interest; transaction with subsidiary at arm's length.
• No material adverse impact on Axiscades; supports subsidiary's banking arrangements.
• Board meeting held on 24 September 2026.

Subsidiary incorporation

• Target: AAAEPL, aerospace engineering services provider in India.
• Incorporation date: September 22, 2026 (India).
• Industry: Aerospace.
• Services: engineering, design, technical, consulting and technology services.
• Form of consideration: Cash.
• Authorized capital: Rs 15 lakh.
• Shares issued: 4,899 at Rs 10 each.
• Investment: Rs 48,990.
• Shareholding: AXISCADES Technologies Limited holds 99.9999%.
• Rationale: Establish core aerospace capabilities; group subsidiary.
• Regulatory approvals: Not Applicable.
• Status: Incorporated on September 22, 2026.
• Turnover history: not disclosed.
• Related party: Not an external related-party transaction; within AXISCADES group.

Meeting Details

• Date: Monday, September 21, 2026
• Mode: Physical
• Place: Taj Santacruz, Mumbai
• Type: Group meeting
• Organizer: Anand Rathi Institutional Equities
• Event: Anand Rathi G-200 Summit 2026: Bharat – The Next Engine of Global Growth

Participants

• Company representatives to participate (roles not disclosed)

Purpose

• Purpose: Analyst/institutional investor meeting for general investor interaction

Additional Notes

• Schedule may change due to exigencies of investors/company

Encumbrance release details

• Target company: AXISCADES Technologies Limited.
• Encumbrance type: Pledge.
• Before encumbrance: 24,51,000 shares, 5.76%.
• Post-event encumbrance: 23,51,000 shares, 5.53%.
• Encumbrance released to: Aditya Birla Capital Limited.
• Promoter: Jupiter Capital Private Limited.
• Reason: As Security.
• Date of release: 16 Sep 2026.
• Promoter total holding: 55.68% (2,36,82,047 shares).

Meeting Details

• Date and time: Thursday, September 17, 2026, 10:00 AM IST.
• Type and mode: in-person group meeting.
• Event/organiser: AXISCADES Investor Day & Plants Visit.

Participants

• Key participants: senior management (e.g., CEO, CFO) engaging with analysts.

Purpose

• Interaction with senior management; overview of business, strategy and expansion plans.

Notes

• Venue: AXISCADES, Bengaluru; schedule subject to change.
• Registration details provided; location to be viewed on maps.

Acquisition of Cloud Wave group

• Cloud Wave Technologies Private Limited, Bengaluru-based, AS9100D-certified precision manufacturing company.
• Audited turnover FY25-26: INR 107.78 Cr.
• Acquired 90% of Cloud Wave, with indirect 90% stakes in Protohubs and Aureate.
• Cash consideration of INR 234 crores; enterprise value about INR 260 crores.
• Completed on 10 September 2026; 10% Cloud Wave stake may be acquired later.
• Not a related-party transaction for Cloud Wave; no promoter/group interest disclosed.
• Industry: Manufacturing.
• Strategic rationale: adjacency to core business; enables owned aerospace manufacturing capacity.
• Strategic rationale: enables integrated engineering-plus-manufacturing solutions for Aerospace/Defence.
• Cloud Wave background: incorporated 2014; seven units; serves aerospace/defence; India presence with exports.
• Protohubs background: incorporated 2025, Bengaluru; prototyping and manufacturing; turnover INR 6.54 Cr.
• Aureate background: incorporated 2025, Bengaluru; precision tooling, moulding, die casting; turnover INR 6.99 Cr.
• Regulatory approvals: Not applicable.
• Note: Remaining 10% stake in Cloud Wave may be acquired later under terms.