NSESale or disposal1d ago · 1 Oct 2026, 08:22 pm
Sale or disposal
AXISCADES Technologies Limited · AXISCADES
✦ AI SummaryDivestiture
AXISCADES Technologies Limited has completed the transfer of its Engineering Services business to Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc. The transaction was completed on October 1, 2026, and the company has executed an amendment agreement to revise certain commercial and operational terms.
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AXISCADES Technologies Limited has informed the Exchange about Update on Restructuring.
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AXISCADES_01102026201902_Reg30disclosure01102026.pdf
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October 1, 2026
The Manager Listing Department
Dppt. Of Corporate Services National Stock Exchange of India Limited
BSE Limited Exchange Plaza, 5 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
Further to our intimation dated May 26, 2026 and pursuant to the provisions of Regulation 30 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations”) read with Schedule III of the Listing Regulations, AXISCADES Technologies Limited
(“Company”), hereby informs the Stock Exchanges that pursuant to completion/waiver/deferment
of the relevant conditions precedent under the Transaction Documents (as defined below) on
September 30, 2026, the Company and its relevant subsidiaries have completed the transfer of the
business comprising the provision of Engineering Services in the Heavy Engineering, Automotive,
and Energy (“Transferred Business”) by the Company and its subsidiaries, Epcogen Private Limited,
AXISCADES UK Limited and AXISCADES Inc. to Akkodis India Private Limited, Akkodis UK Limited
and Akkodis Inc. respectively (“Buyers”) today i.e., October 1, 2026, in accordance with the terms
of the Transaction Documents (as disclosed in the disclosure dated May 26, 2026) and the
Amendment Agreement (as defined below).
Further, the parties have executed an amendment agreement (“Amendment Agreement”) in
relation to the Business Transfer Agreement and Master Framework Agreement executed on May
26, 2026 (collectively, “Transaction documents”) to record certain amendments in connection with
the transaction.
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 is 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 regarding Amendment Agreement
Sl. Particulars Details
1. Name(s) of parties with whom the AXISCADES Technologies Limited, Epcogen
agreement is entered. Private Limited, AXISCADES UK Limited,
AXISCADES Inc., Akkodis India Private
Limited, Akkodis UK Limited and Akkodis Inc.
2. Purpose of entering into the agreement To amend certain commercial and
operational terms of the Business Transfer
Agreements dated May 26, 2026 and Master
Framework Agreement dated May 26, 2026
executed between the parties.
3. Size of agreement The Amendment Agreement does not alter
the overall transaction value disclosed by
the Company vide its intimation dated May
26, 2026.
The Amendment Agreement pertains to
certain terms and conditions of the
Transaction Documents.
4. Shareholding, if any, in the entity with Not Applicable.
whom the agreement is executed.
5. Significant terms of the agreement (in The Amendment Agreement revises
brief) special rights like right to appoint commercial and operational terms of the
directors, first right to share subscription underlying Transaction Documents, inter
in case of issuance of shares, right to alia relating to:
restrict any change in capital structure (i) the reference date for the
etc. applicable foreign exchange rate;
(ii) revised payment and holdback
arrangements from the purchase
consideration:
(a) Temporary hold back from
Closing Date of an amount of
USD 3,314,216 (USD Three
Million Three Hundred Fourteen
Thousand and Two Hundred
Sixteen Only) pending transfer
of certain business contracts
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
and of USD 800,000 (USD Eight
Hundred Thousand), pending
repayment of an existing bank
facility. Both are under closure.
Accordingly, ATL and its
Subsidiaries have received USD
11,760,000 on the Closing Date.
The holdback amounts shall be
released upon fulfillment of the
conditions in respect of the
business contracts and the
facility;
(iii) repayment of an existing facility and
releasing related encumbrances
post-closing; and
(iv) indemnity provisions relating to
specified liabilities.
6. Whether the said parties are related to The buyer does not belong to the promoter/
promoter/promoter group/ group promoter group/ group companies of the
companies in any manner. If yes, nature of Company.
relationship.
7. Whether the transaction would fall No.
within related party transactions? If yes,
whether the same is done at “arm’s
length”.
8. In case of issuance of shares to the Not Applicable.
parties, details of issue price, class of
shares issued.
9. In case of loan agreements, details of Not Applicable.
lender/borrower, nature of the loan, total
amount of loan granted/taken, total
amount outstanding, date of execution of
the loan agreement/sanction letter,
details of the security provided to the
lenders / by the borrowers for such loan
or in case outstanding loans lent to a
party or borrowed from a party become
material on a cumulative basis.
10. any other disclosures related to such Not Applicable.
agreements, viz., details of nominee on
the board of directors of the listed entity,
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
potential conflict of interest arising out of
such agreements, etc.
11 In case of termination or amendment of (a) Name of parties to the agreement -
agreement, listed entity shall disclose Please refer to S.L. No. 1 for the details.
additional details to the stock (b) Nature of the agreement – Amendment
exchange(s): Agreement
i. Name of parties to the agreement; (c) Date of execution of the agreement –
ii. Nature of the agreement; September 25, 2026
iii. Date of execution of the agreement; (d) Details of amendment and impact
iv. Details of amendment and impact thereof or reasons of termination and
thereof or reasons of termination and impact thereof – To amend certain
impact thereof. commercial and operational terms of
the Business Transfer Agreements and
Master Framework Agreement executed
between the parties. The Amendment
Agreement does not alter the overall
commercials of the transaction and the
transaction structure.
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