Acquisition

September 11, 2026 The Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot C/1, G Block Phirozee Jeejeebhoy Tower, Dalal Street Bandra – Kurla Complex, Bandra(E), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 532395 NSE Symbol: AXISCADES Dear Sir, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) - Execution of Transaction Documents and completion of the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited by AXISCADES Technologies Limited. Ref: Our earlier intimation dated August 28, 2026 Further to our intimation dated August 28, 2026 and in terms of Regulation 30 of the Listing Regulations read with sub-paragraph 1 of Paragraph A of Part A of Schedule III of the Listing Regulations, we hereby inform you that AXISCADES Technologies Limited (“AXISCADES” or “Company”) has executed the Share Purchase Agreement with Cloud Wave Technologies Private Limited (“Cloud Wave”), Protohubs System Solutions Private Limited (“Protohubs”), Aureate Polymet Private Limited (“Aureate”), Mr. Satish Kumar Pinninti, Mr. Chandrashekar Ramegowda Devalapura, Mr. Mahadevapura Raghavendra Rao Prakash, Mr. Ann Antony and Mrs. Deepika (collectively the “Sellers”, and such agreement the “Share Purchase Agreement”), and the Shareholders’ Agreement with Cloud Wave and Mr. Satish Kumar Pinninti (the “Shareholders' Agreement” and collectively with the Share Purchase Agreement the “Transaction Documents”) on September 10, 2026, and has simultaneously completed the acquisition of 90% (ninety percent) of the share capital of Cloud Wave (and the indirect acquisition of 90% (ninety percent) of the share capital of Cloud Wave's wholly owned subsidiaries, Protohubs and Aureate), for a purchase consideration of INR 234 crores, subject to post-closing adjustments as per the provisions of the Share Purchase Agreement. Consequent to completion of this acquisition and other closing conditions as mentioned in the Transaction Documents, Cloud Wave, Protohubs and Aureate have become subsidiaries of the Company, and Protohubs and Aureate have become step-down subsidiaries of the Company. AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com The relevant details pertaining to the above, as required under Regulation 30 of the Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023, and last updated on January 30, 2026, are enclosed as “Annexure-I”. Kindly take the above information on record. Yours truly, For AXISCADES Technologies Limited Sonal Dudani Company Secretary & Compliance Officer AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com Annexure-I Disclosure in relation to Acquisition Sl. Particulars Details with respect to Cloud Details with respect to Details with respect to Aureate No Wave Protohubs 1 Name of the target entity, details Cloud Wave Technologies Private Protohubs System Solutions Aureate Polymet Private Limited in brief such as size, turnover etc. Limited (“Cloud Wave”), is a Private Limited (“Protohubs”), is a (“Aureate”), is a private limited private limited company private limited company company incorporated under the incorporated under the provisions incorporated under the provisions provisions of the Companies Act, of the Companies Act, 2013, in of the Companies Act, 2013, in 2013, in Bengaluru. Bengaluru. Bengaluru. Cloud Wave is a AS9100D- Protohubs is engaged in the Aureate is engaged in the certified precision manufacturing business of prototyping and business of precision tooling, company operating seven manufacturing. plastic injection moulding and die manufacturing units. casting. Audited turnover for FY 25-26: INR 107.78 Cr. Audited turnover for FY 25-26: Audited turnover for FY 25-26: INR INR 6.54 Cr. INR 6.99 Cr. 2 Whether the acquisition would No. fall within related party AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com Sl. Particulars Details with respect to Cloud Details with respect to Details with respect to Aureate No Wave Protohubs transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. 3 Industry to which the entity Manufacturing. being acquired belongs 4 Objects and effects of The acquisition is a strategic step in the Company’s stated growth plan to transition from an engineering- acquisition (including but not services-led business model toward aerospace manufacturing, with the objective of building owned limited to, disclosure of reasons manufacturing capability and capacity to complement the Company’s existing Aerospace, Defence and for acquisition of target entity, if Electronics/ Semiconductor offerings. its business is outside the main line of business of the listed The Company’s principal historical business has been engineering design and services; the target entity’s entity) business is manufacturing-led. To that extent, the acquisition represents an adjacency to, rather than a continuation of, the Company’s core historical line of business. The Company has completed the acquisitions on the basis that: AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com Sl. Particulars Details with respect to Cloud Details with respect to Details with respect to Aureate No Wave Protohubs • it enables the Company to offer integrated engineering-plus-manufacturing solutions to existing Aerospace, Defence and OEM/Tier-1 customers, deepening existing client relationships; • it establishes a physical manufacturing platform intended to be scaled into a larger Centre of Aerospace Manufacturing, positioning the Company to qualify for and service global OEM manufacturing programmes; and • it is consistent with the Company’s publicly stated medium-term revenue growth objectives for its Aerospace vertical. The acquisitions are not expected to result in any adverse impact on the Company’s existing business operations and are expected to be earnings accretive over the medium term, subject to completion of the transaction on the agreed terms. 5 Brief details of any Not applicable. governmental or regulatory approvals required for the acquisition 6 Indicative time period for The Company has completed the acquisition of 90% of the share capital of Cloud Wave and the indirect completion of the acquisition acquisition of 90% of the share capital of Cloud Wave's wholly owned subsidiaries, Protohubs and Aureate on 10 September 2026. The remaining 10% shareholding of Cloud Wave may be subsequently acquired by the Company (subject to the terms and conditions as set out under the Transaction Documents). AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Ki [Showing first 8,000 characters — download PDF for full document]