Analysts/Institutional Investor Meet/Con. Call Updates

June 18, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai- 400051 Mumbai- 400 001 NSE Symbol : AXISCADES BSE Scrip code: 532395 Dear Sir/Madam, Sub: Updated Transcript of the Earnings Webinar - Q4 & FY26 This is with reference to our earlier submission of the transcript of the Earnings Webinar - Q4 & FY26 held on May 30, 2026. We wish to inform you that certain portions of the transcript uploaded earlier were editorially abbreviated. While the abbreviation did not alter the substantive meaning of the management’s responses and there is no change in the information disclosed during the call, the Company is submitting a revised transcript to align the written transcript more closely with the audio recording. The updated transcript is enclosed herewith and will also be made available on the Company’s website at https://www.axiscades.com/investor-relation/. This updated transcript supersedes the earlier version submitted on June 04, 2026. We request you to kindly take the same on record. Yours truly, 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 Q4 & FY26 Earnings Webinar Transcript Safe Harbour and Forward-Looking Statement Certain statements made in this call may be forward-looking in nature. These statements are based on management's current expectations, assumptions and understanding of the business environment and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Investors are requested to refer to the company's filings, investor presentation, press release and disclosures available on the company website and the recognised stock exchange(s). This transcript has been prepared from the recording of the Earnings Webinar. It has been edited only for readability, grammar, formatting and obvious transcription errors. It should be read together with the official audio/video recording of the call. Ms. Shankhini Saha: Ladies and gentlemen, good afternoon. Welcome to AXISCADES Technologies Limited's Q4 and FY26 earnings webinar produced by ElevEase. So, I'm Shankhini, Director of Investor Relations from Dickenson, IR Advisors to AXISCADES, and I'll be moderating our call today. Please note that this conference is being recorded, and that some statements in this call may be forward-looking, based on current expectations and subject to risks that could cause results to differ materially. You can download AXISCADES' investor presentation and press release from the links in the chat, or from the company website, or the NSE. Perfect. So I'll now hand the conference over to Mr. Mukund Santhanam, Chief Growth Officer and Head of IR, to begin with opening remarks. Take it away, Mukund. Mr. Mukund Santhanam: Thank you, Shankhini. Thanks, everyone, for joining us today. I hope all of you have had the opportunity to review our results, our investor presentation, and the press release, which have been filed with the exchanges. FY26 has been a very eventful and important year for AXISCADES. It has been a year in which we delivered full-year growth, but more importantly, it's also been a year of strategic transition. We have taken decisive steps to sharpen the portfolio, to strengthen our focus on our core areas of aerospace, defense, space, deep tech, electronics, and AI. And to build the foundation for the next phase of growth under the Power 930 roadmap. At the same time, we recognize that you will have questions regarding our latest quarterly results and the bridge into FY27. The management team will address these areas directly today. Our object is to be transparent on the quarter, to be clear on the bridge into next year, and to be disciplined in explaining how we are approaching execution in FY27. On the call today, we have, Dr. SRN, founder, Chairman, and Managing Director of AXISCADES. We have Shashidhar SK, group CFO. We also have other members of the senior leadership team across the key business areas of aerospace, defense, and electronics, as well as some of our leaders across finance, operations, and strategy. AXISCADES Technologies Limited | Q4 & FY26 Earnings Webinar Transcript | Page 1 of 15 The structure of the call will be as follows. I will now first hand over to Dr. SRN for opening remarks on the strategic direction of the company and the transformation underway. After that, Shashi, our group CFO, will take us through the financial performance, the Q4 bridge, and key balance sheet income and cash flow points. After that, we will open the floor for questions. During the Q&A, I will moderate the answer flow. I'll route questions to relevant members of the management team. As you can imagine, some of the areas that we work in, particularly defense programs, are extremely commercially and program sensitive, and therefore certain customer-specific matters or live strategic initiatives, we will answer those questions at the appropriate level of disclosure. With that, I now invite Dr. SRN to share his opening remarks. Dr. SRN, Over to you. Dr. Sampath Ravinarayanan: Thank you, Mukund. Good evening. Thank you for joining us today. Let me begin with a direct and honest assessment. In FY26, we did everything we set out to do, except two things, which got deferred. Not canceled, but deferred. First, a portion of our revenue shifted due to global supply chain disruptions. That revenue is not lost, the orders are intact, the products are getting ready. We will deliver them after our customers confirm their acceptance slots and conduct inspection. This is a matter of scheduling, not demand. Second, phase two of our disinvestment, which is central to our restructuring plan - It has delayed a bit. It'll happen soon. The strategic rationale is unchanged, the process is active, and it remains a priority for H1 FY27. Everything else, every capacity investment, every design win, every new initiative, every customer relationship happened as planned. I want that to be absolutely clear before we go any further. FY26 has been the most consequential year in the 20-year history of AXISCADES. Not because one of the quarter numbers, because of what we built. We did not have a bad year, we had a building year. There is a fundamental difference. We set out on Power 930, a clear, non-negotiable target of 9,000 crores of revenue by FY2030. Delivering that demands deliberate, significant, and disruptive shifts across the company. Every one of those shifts was initiated in FY26. Earlier this week, we signed the divestment of Phase 1 of our engineering services business. Heavy engineering, energy, and automotive. This is only the beginning. Further restructuring is underway and planned for H1 FY27. We are not shrinking, we are sharpening. Every rupee of revenue we remove from engineering services gets reinvested into businesses with structurally higher margin, longer life cycles, and stronger strategic moats. Our Devanahalli campuses and our missile Atmanirbhar complex, MAC, in Hyderabad will become operational through FY27. We have initiated expansion beyond them. Together, they give us far larger and more capable manufacturing, testing, and MRO footprint. We are also in advanced stages of finalizing an aerospace manufacturing acquisition that will jumpstart high-value manufacturing activities in Q3 of FY27. To fill this capacity, FY26 was our strongest year yet for building relationship with global OEMs. We carry a powerful pipeline into [Showing first 8,000 characters — download PDF for full document]