Daily filing brief

AXISCADES Acquisition, OIL Green Energy MoUs and More: 3 Important BSE and NSE Announcements for 30 August 2026

By Daily BrieferPublished Updated

AXISCADES’ approved acquisition of a majority stake in Cloud Wave Technologies leads the corporate announcements for 30 August 2026. OIL Green Energy’s four waste-to-clean-energy project MoUs and IGC Industries’ FY2025-26 annual-report disclosures complete this three-item brief.

  1. Axiscades Technologies Ltd

    AXISCADES to acquire Cloud Wave Technologies, accelerating entry into aerospace manufacturing

    Press Release / Media Release

    Acquisition and expansion

    • Board approved acquisition of majority stake in Cloud Wave Technologies Private Limited for approximately INR 260 crores.
    • Cloud Wave is AS9100D-certified and operates seven units with precision machining, sheet metal, tooling.
    • Acquisition accelerates AXISCADES' aerospace manufacturing scale-up with a planned CAM facility at Devanahalli.
    • Centre for Advanced Manufacturing will be 240,000 sq ft on a 20-acre campus.
    • CAM to consolidate operations and scale manufacturing for global OEMs.
    • Part of AXISCADES' Power 930 growth plan.
    • Cloud Wave projected FY27 revenue of 180 cr with 22% EBITDA.
    • Deal value subject to final accounts adjustments under definitive agreements.
    View source

  2. Oil India Ltd

    OIL Green Energy Signs MoUs with Haryana Government for Four Integrated Waste-to-Clean-Energy Projects

    Press Release / Media Release

    MoUs with Haryana for four integrated waste-to-clean-energy projects

    • OGEL to develop four MSW processing plants across Hisar, Ambala, Faridabad, and Gurugram.
    • Total capacity: 5,000 TPD with 70-75 TPD CBG and 50 MW green power.
    • Facilities use integrated processing to maximise resource recovery and energy generation.
    • MoUs align with GOBARdhan and National Circular Bioenergy Scheme 2026.
    • Timeline subject to regulatory approvals and clearances.
    View source

  3. IGC Industries Ltd

    IGC Industries 45th AGM 2026; FY2025-26 revenue nil, net loss ₹292.97 lakh; going-concern risk flagged by auditors.

    Reg. 34 (1) Annual Report

    Financial snapshot

    • FY2025-26 revenue from operations nil; prior year ₹198.51 lakh.
    • Net loss FY2025-26 ₹292.97 lakh; prior year ₹6.17 lakh loss.
    • EPS (basic/diluted) ₹(0.84) for FY2025-26.
    • Net cash from operating activities ₹1,188.78 lakh outflow.
    • Net cash from investing activities ₹1,189.71 lakh inflow; financing ₹0.
    • Ending cash and cash equivalents ₹1.77 lakh.
    • Authorized capital ₹61 crore; paid-up capital ₹34.72 crore.
    • Issued equity shares: 3,47,20,000 shares (₹34.72 crore).
    • Invested ₹20 crore in CNX Corporation Limited; later transferred to Shrynax Trading Private Limited.
    • Right issue proceeds ₹4,203.18 lakh recorded in prior year.

    Profitability & year-on-year

    • Revenue declined to nil in FY2025-26; ₹198.51 lakh in 2024-25.
    • Profit before tax ₹(292.97) lakh; tax expense nil.
    • Prior year EPS: ₹(0.02) basic, ₹(0.04) diluted.

    Capital structure & dividends

    • Dividend for FY2025-26 not recommended.
    • Authorised capital increased to ₹61 crore; paid-up ₹34.72 crore.

    Investments & liquidity

    • Non-current investments ₹752.73 lakh; current loans/advances ₹958.57 lakh.
    • 99% of shares in demat form as at 31 Mar 2026.

    Audit & governance

    • Statutory auditors: Sarang Shivajirao Chavan & Associates appointed 30 Sep 2025.
    • Secretarial auditor: Ramesh Chandra Bagdi & Associates.
    • Audit opinion: disclaimer due to going concern and insufficient audit evidence.

    Board changes & governance

    • Ziauddin Mohammed appointed MD on 21 Feb 2025; regularized May 2025.
    • Hemlata resigned as Independent Director on 25 Aug 2026; Mukesh Yadav and Hiren Patel appointed.
    • Manoj Kumar Jhawar appointed Additional Director on 20 Sep 2025; regularization at AGM proposed.

    Risk & going concern

    • Auditor flags going concern risk; management lacks comprehensive mitigation plan.
    • Company pursuing opportunities while acknowledging liquidity and market risks.

    Shareholder information

    • 45th AGM via VC/OAVM on 22 Sep 2026 at 3:00 PM.
    • AGM notices and annual report electronic; physical copies on request.
    • Listed on NSE; dematerialisation peak at 99.99% with ISIN INE099S01016.
    View source