NSEGeneral Updates3h ago · 3 Oct 2026, 09:29 pm
General Updates
AXISCADES Technologies Limited · AXISCADES
✦ AI SummaryDebt Restruc.
AXISCADES Technologies Limited has informed the Exchange about the voluntary solvent liquidation of its step-down subsidiary, add solution GmbH, Germany, due to continuous losses in the automotive industry. The liquidation is part of the Group's business rationalization initiatives and is not expected to have any material impact on the operations or profitability of the Company.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
AXISCADES Technologies Limited has informed the Exchange about General Updates
Attachments (1)
📄pdf
Download →
AXISCADES_03102026212640_Reg30disclosure031026.pdf
View document text
October 3, 2026
Listing Department The Manager
National Stock Exchange of India Ltd. Dptt. of Corporate Services
Exchange Plaza, C-1, Block G BSE Limited
Bandra Kurla Complex, Floor 25, Phiroze Jeejeebhoy Towers
Bandra (E), Mumbai- 400051 Dalal Street, Fort, Mumbai- 400051
NSE Symbol: AXISCADES BSE Scrip Code: 532395
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“LODR Regulations”), read with Schedule III thereto, we wish to inform
you that add solution GmbH, Germany, a step-down subsidiary of AXISCADES Technologies
Limited, has been placed under voluntary solvent liquidation.
As per the German Commercial Register extract dated 2 October 2026, add solution GmbH,
which was into continuous losses, for the past several quarters, due to downturn in the
automotive industry in Germany, has been dissolved for the purpose of winding up its affairs.
The voluntary liquidation is being undertaken as part of the Group's business rationalization
initiatives and is not expected to have any material impact on the operations, or profitability
of the Company. The liquidation process shall be carried out in accordance with the applicable
laws of Germany.
The details required under Regulation 30 of the LODR Regulations read with Para A of Part A
of Schedule III of the LODR Regulations and SEBI Master Circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure-I.
Kindly take the above on your record.
Yours faithfully,
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
Sl. Particulars Details
1. the amount and percentage of the Details of add solution GmbH (as on March
turnover or revenue or income and net 31, 2026):
worth contributed by such unit or
Particulars Amount Percentage
division or undertaking or subsidiary or
(INR Lakhs)
associate company of the listed entity
during the last financial year; Turnover 1,562.20 1.35%
-1,437.11 -1.96%
worth
2. date on which the agreement for sale The members special resolution for
h as been entered into; voluntary dissolution of add solution was
adopted on 24th September 2026, with the
dissolution becoming effective as of 25th
September 2026.
3 the expected date of completion of The winding up process shall be completed
sale/disposal; as per the law as applicable in Germany.
Further, the dissolution was registered
with the German Commercial Register on
1st October 2026, effective from
September 25, 2026
4 consideration received from such Assets to be received on liquidation shall
sale/disposal; not be material.
5 brief details of buyers and whether any Not Applicable
of the buyers belong to the promoter/
promoter group/group companies. If
yes, details thereof;
6 whether the transaction would fall Not Applicable.
within related party transactions? If yes,
whether the same is done at “arm’s
length”;
7 whether the sale, lease or disposal of Not Applicable.
the undertaking is outside Scheme of
Arrangement? If yes, details of the
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
same including compliance with
regulation 37A of LODR Regulations;
8 additionally, in case of a slump sale, Not Applicable.
indicative disclosures provided for
amalgamation/merger, shall be
disclosed by the listed entity with
respect to such slump sale.
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