5323952026-09-115323952026-09-112026-09-11iso4217:INRxbrli:pure532395AXISCADES Technologies LimitedAXISCADESNOTLISTEDINE555B01013Updatefalse2026-09-1011:40:002026-08-282026-09-112026-09-11Acquisition (including agreement to acquire)The Board of Directors of the Company, in its meeting held on August 28, 2026, has approved the acquisition of 90% of the equity share capital of Cloud Wave Technologies Private Limited (“Cloud Wave”), a Bengaluru-based Company which operates in the precision engineering and manufacturing industry, for cash consideration of approximately INR 234 Crores at an enterprise valuation of approximately INR 260 crores (subject to the finalization of accounts and adjustments as set out under the definitive agreements), and the remaining 10% of the equity share capital of Cloud Wave may be subsequently acquired by the Company (subject to the terms and conditions as set out under the definitive agreements).Transaction CompletedAXISCADES Technologies Limited (“AXISCADES” or “Company”) has executed the Share Purchase Agreement with Cloud Wave Technologies Private Limited (“Cloud Wave”), Protohubs System Solutions Private Limited (“Protohubs”), Aureate Polymet Private Limited (“Aureate”), Mr. Satish Kumar Pinninti, Mr. Chandrashekar Ramegowda Devalapura, Mr. Mahadevapura Raghavendra Rao Prakash, Mr. Ann Antony and Mrs. Deepika (collectively the “Sellers”, and such agreement the “Share Purchase Agreement”), and the Shareholders’ Agreement with Cloud Wave and Mr. Satish Kumar Pinninti (the “Shareholders' Agreement” and collectively with the Share Purchase Agreement the “Transaction Documents”) on September 10, 2026, and has simultaneously completed the acquisition of 90% (ninety percent) of the share capital of Cloud Wave (and the indirect acquisition of 90% (ninety percent) of the share capital of Cloud Wave's wholly owned subsidiaries, Protohubs and Aureate), for a purchase consideration of INR 234 crores, subject to post-closing adjustments as per the provisions of the Share Purchase Agreement.23400000002026-09-100.9Consequent to completion of this acquisition and other closing conditions as mentioned in the Transaction Documents, Cloud Wave, Protohubs and Aureate have become subsidiaries of the Company, and Protohubs and Aureate have become step-down subsidiaries of the Company.