Press Release

October 05, 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), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 001 NSE Symbol: AXISCADES BSE Scrip Code: 532395 Dear Sir/Madam, Sub: Press Release – AXISCADES Initiates Voluntary Solvent Liquidation of German Subsidiary add- solution GmbH Further to the Company's disclosure dated October 3, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press Release titled “AXISCADES Initiates Voluntary Solvent Liquidation of German Subsidiary add-solution GmbH”. Kindly take the above information on record. Yours faithfully, For AXISCADES Technologies Limited Sonal Dudani Company Secretary & Compliance Officer Encl: A/a 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 AXISCADES TECHNOLOGIES LIMITED PRESS RELEASE AXISCADES Initiates Voluntary Solvent Liquidation of German Subsidiary add-solution GmbH Orderly closure of a non-core, loss-making unit that completes the Group's exit from automotive engineering services. Bengaluru, India - 05 October 2026: AXISCADES Technologies Limited ("AXISCADES" or the "Company") today announced that its wholly owned German step-down subsidiary, add-solution GmbH ("add-solution"), held through AXISCADES GmbH, has been placed into voluntary solvent liquidation. The members' resolution was adopted on 24 September 2026, with the dissolution effective from 25 September 2026 which has been registered with the German Commercial Register office. add-solution, based in Wolfsburg, provides engineering design services to the automotive industry. The downturn in the German automotive sector reduced demand, and the business recorded losses for several consecutive quarters. Following an evaluation of strategic alternatives, the Group determined that a voluntary solvent liquidation was the appropriate course. Strategic and financial rationale • Completes the exit from automotive engineering services. Following the recently completed transfer of the Automotive Engineering Services business, the liquidation removes the Group's remaining automotive engineering exposure. • Addresses recurring losses and supports earnings quality. add-solution contributed ₹15.62 crore (1.35%) of FY26 consolidated turnover and had a negative net worth of ₹14.37 crore as at 31 March 2026. On a standalone basis, add-solution incurred a PAT loss of ₹ 34.48 crores between FY25 to Q1FY27 and continues incur losses • Orderly, solvent process under German law. The process is a voluntary solvent liquidation, not an insolvency proceeding, and will be conducted in accordance with applicable German law. • Supports focus on Power 930. The decision enables management attention to remain on the Company's growth platforms: aerospace manufacturing, defence, XIDA and space. • No material impact expected. The liquidation is not expected to have any material impact on the Company's operations or profitability, while removing a recurring drag on consolidated profitability. Transaction at a glance Entity add-solution GmbH, Wolfsburg, Germany (HRB 100559, Local Court of Braunschweig) Ownership 100% step-down subsidiary of AXISCADES Technologies Limited, held through AXISCADES GmbH Nature of process Voluntary solvent liquidation under German law (not an insolvency proceeding) Members' Special resolution 24 September 2026 Dissolution effective 25 September 2026 FY26 contribution to ₹15.62 crore (1.35%) consolidated turnover Net worth as at 31 March 2026 ₹(14.37) crore Consideration / buyer Not applicable Related party transaction Not applicable Page 2 AXISCADES TECHNOLOGIES LIMITED The liquidation process The liquidation will be carried out in accordance with applicable German law. The liquidator will realise assets, settle liabilities and complete the winding-up process. Any accounting effects will be recognised in the Company's results for the relevant periods in accordance with applicable accounting standards. The Company will keep the stock exchanges informed of material developments as required under the SEBI (LODR) Regulations, 2015. Management commentary “This is a financially disciplined decision to address a non-core, loss-making exposure. The orderly, solvent process supports our focus on earnings quality, capital efficiency and disciplined execution of Power 930.” – Shashidhar SK, Group CFO, AXISCADES Technologies Limited About AXISCADES Technologies Limited AXISCADES Technologies Limited is a publicly listed technology company headquartered in Bengaluru, India, with operations across Europe, the Americas and the APAC region. The Company delivers product-based Aerospace and Defence solutions, and advanced Electronics, Semiconductor and AI products, working with long-term strategic partners across global OEMs and Tier 1 suppliers. About add-solution GmbH add-solution GmbH, headquartered in Wolfsburg, Germany, provides engineering design services to the automotive industry. It became part of the AXISCADES Group in June 2023 and entered voluntary solvent liquidation with effect from 25 September 2026. Forward-Looking Statements This press release contains forward-looking statements, including statements regarding the liquidation process, its timing, its financial and accounting effects, and the Company's strategy and growth plans, which are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including those relating to the realisation of assets, settlement of liabilities and contracts, employee matters and the requirements of German law. AXISCADES undertakes no obligation to update these statements except as required by applicable law or listing regulations. Media and Investor Contacts AXISCADES Technologies Limited Akash Pandey, Investor Relations | investor.relations@axiscades.in Investor Relations Adviser: Shankhini Saha, Director – Dickenson World | axiscades@dickensonworld.com Corporate Communications: communications@axiscades.in | www.axiscades.com Stock listings: NSE: AXISCADES | BSE: 532395 Page 3