NSEAcquisition6 Oct 2026 · 6 Oct 2026, 01:57 pm
Acquisition
AXISCADES Technologies Limited · AXISCADES
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AXISCADES Technologies Limited has informed the Exchange about the incorporation of a step-down subsidiary, XIDA DEEPTECH PRIVATE LIMITED, in India on October 05, 2026.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
AXISCADES Technologies Limited has informed the Exchange about Incorporation of a Subsidiary Company
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AXISCADES_06102026135716_Incorporation_06102026.pdf
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October 06, 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 – Incorporation of a Subsidiary
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform that the Company has
incorporated a step-down subsidiary, namely, XIDA DEEPTECH PRIVATE LIMITED in India on October
05, 2026.
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
SN. Particulars Details
1 Name of the entity, date & country of Name: XIDA DEEPTECH PRIVATE LIMITED
incorporation, etc. Date of Incorporation: October 05, 2026
Country of Incorporation: India
2 Name of holding company of the Name of holding company: XIDA PRIVATE LIMITED
incorporated company and relation Relation with the listed entity:
with the listed entity XIDA PRIVATE LIMITED is a step-down subsidiary of
AXISCADES TECHNOLOGIES LIMITED (“ACTL”). XIDA
DEEPTECH PRIVATE LIMITED is a step-down
subsidiary of ACTL, through its holding company,
XIDA PRIVATE LIMITED.
3 Industry to which the entity being Electronics, Semiconductor, Artificial Intelligence and
acquired belongs Deep Tech.
4 Brief background about the entity The business of providing engineering, design,
incorporated in terms of products / line manufacturing, technology, consulting and technical
services for the electronics, semiconductor artificial
of business
intelligence and deep tech industries.
5 brief details of any governmental or Not Applicable
regulatory approvals required for the
incorporation
6 nature of consideration - whether cash Not Applicable
consideration or share swap and details
of the same
7 cost of subscription / price at which the XIDA DEEPTECH PRIVATE LIMITED is a step-down
shares are subscribed subsidiary of ACTL; therefore, no shares have been
subscribed by ACTL.
8 Percentage of shareholding / control by Percentage of shareholding: 0%
the listed entity and / or number of Control by the listed entity: Although ACTL does not
shares allotted. hold any direct shareholding in XIDA DEEPTECH
PRIVATE LIMITED, XIDA DEEPTECH PRIVATE LIMITED
is a step-down subsidiary of ACTL. Accordingly, ACTL
exercises indirect control over XIDA DEEPTECH
PRIVATE LIMITED by virtue of being its ultimate
holding company.
Number of shares allotted: 0
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