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Axiscades Technologies approved the acquisition of 90% equity in Cloud Wave Technologies for INR 234 Crore. This strategic investment strengthens its aerospace and defense manufacturing capabilities.
AXISCADES is undergoing a messy transition from engineering services to high-margin manufacturing, masking structural losses with a divestment narrative and exceptional accounting gains.
AXISCADES reported Q1 FY27 consolidated revenue of Rs. 346.7 crore, a 42.2% increase year-on-year. The company highlighted growth in its Defence, XiDA, and Space segments.
AXISCADES Technologies Limited appointed Protiviti India Member Private Limited as its internal auditor for a 12-month term, effective August 13, 2026.
Q1 FY27 marks a strategic transition, divesting engineering services to Akkodis for $237M to pivot towards high-value aerospace manufacturing, defense systems, and XIDA electronics platforms.
AXISCADES Technologies Ltd reported revenue from operations of ₹183.4 Cr (+94.3% YoY) and a net loss of ₹14.8 Cr for Q1 FY27.
Mrs. Mariam Mathew resigned as an Independent Director of Axiscades Technologies. The company appointed Ms. Ashmita Sethi as an Additional Director effective immediately.
AXISCADES Technologies Limited has scheduled a board meeting for August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026.
AXISCADES Technologies shareholders approved the transfer of its heavy engineering and energy business through a slump sale. The resolution was passed with requisite majority via postal ballot.
AXISCADES Technologies entered an agreement to purchase land in Telangana for setting up a new defence hardware manufacturing unit. No monetary value was disclosed.
AXISCADES Technologies Limited has completed the acquisition of land in Telangana from TSIC. The land purchase was valued at ₹3.95 Crore.
Promoter Jupiter Capital Private Limited disclosed the sale of 10,00,000 shares on June 30, 2026. This transaction was not reflected in the current quarterly shareholding pattern.
AXISCADES Technologies allotted 2,500 equity shares under its ESOP scheme. Consequently, the company's paid-up share capital increased to Rs. 21,26,67,445.
AXISCADES Technologies allotted 2,500 equity shares under its 2018 ESOP scheme. This allotment increases the company's paid-up share capital to Rs. 21.27 Crore.
Jupiter Capital Private Limited pledged 1,00,000 equity shares of AXISCADES Technologies. The pledge was created in favor of Catalyst Trusteeship for JM Financial Credit Solutions.
Jupiter Capital Private Limited sold 10,00,000 equity shares of AXISCADES Technologies through the open market. This transaction reduced its total shareholding from 58.03% to 55.68%.
Axiscades Technologies reconstituted its Nomination and Remuneration Committee. Mr. Abhay Maheshwari was appointed as an additional member effective July 1, 2026.
Axiscades Technologies disclosed that its board approved payment of a Rs.495,600 fine (~0.05 Crore) for regulatory non‑compliance. The board also confirmed board composition regularisation as of 26 Mar 2026.
AXISCADES Technologies Limited appointed Mr. Abhay Maheshwari as an Additional Director on June 29, 2026. The appointment was approved by the Board and is pending shareholder ratification.
AXISCADES Technologies announced a major restructuring involving a Rs.1,459.97 Crore business transfer via slump sale. The aerospace and engineering units will move to new subsidiaries.
AXISCADES Technologies seeks shareholder approval to divest its engineering services business to Akkodis for USD 30.63 million. The transaction involves multiple subsidiaries across global markets.
Jupiter Capital Private Limited released a pledge of 86,000 equity shares of Axiscades Technologies. The shares were released by Tata Capital Limited.
Axiscades announced the Phase 2 divestment of its Aerospace Engineering Services for ~$206Mn, pivoting to a high-margin manufacturing, defense, space, and AI platform.
AXISCADES Technologies is incorporating four new wholly-owned subsidiaries in France, Canada, UK, and USA. This expansion strengthens its global aerospace engineering services footprint.
AXISCADES Technologies announced the USD 206.30 million (₹1,959.85 Crore) divestment of its business units to Akkodis. The cash and stock transaction expects completion by November 2026.
AXISCADES Technologies will acquire aerospace engineering subsidiaries in Switzerland and Germany for ₹1.55 Crore. The strategic move supports a broader business transfer to Akkodis Group AG.
AXISCADES Technologies is incorporating a new 99.99% owned Indian subsidiary for aerospace engineering services. The initial investment is ₹0.005 Crore in cash.
AXISCADES announced the sale of its Aerospace Engineering Services division for USD 206.30 million (₹19,598.50 Crore). The transaction involves cash and equity components across two tranches.
Axiscades is divesting its Aerospace Engineering Services business, selling a 51% stake to Akkodis. Proceeds will fund its Power 930 growth plan.
AXISCADES is selling its aerospace engineering services to Akkodis Group for ₹1447.33 Crore. The business will be transferred via newly created subsidiaries.