AXISCADES TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Feb 6, 2021

==> picture [139 x 31] intentionally omitted <==

February 5, 2021

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 – 400 051 BSE Scrip Code : 532395 NSE Symbol: AXISCADES

Dear Sir,

Sub.: Intimation of grant of ESOP under ESOP Series 2, duly approved.

Dear Sir I Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby notify that on 5[th] February, 2021, the Board has approved on the recommendation of Nomination and Remuneration Committee (acting as the ESOP Compensation Committee) the following grant under the ESOP Series 2. The general terms and conditions of the said grant are as follows:

S. No.	Particulars	Details
		Grant of 27,67,777 stock options to 16 eligible
		employees oftheCompany / its subsidiaries under
1	Brief details of optionsgranted	ESOP Series 2.
	Whether the schemeisin termsof
2	SEBI (SBEB)Regulations, 2014(if
	applicable)	Yes
4	Pricing formula/Exercise Price	90 day average closing price as on NSE prior to
		05.02.2021

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

==> picture [139 x 31] intentionally omitted <==

				 1/3rd of the options vest on or after	5thhery,cery,ce
	5	Oti td/Vti Shdl		February,2022subjecttomeetingt
		pons veseesng ceue		performance criteria as specified by NRC
				 1/3rdof the options vest on the 5thFebrua
				2023 subject to meeting the performan
				criteria as specified by NRC
				1/3rdf th ti t th 5thFb
				o e opons ves on eeru2024 subject to meeting the performan
				criteria as specified by NRC
	6	Time within which option maybeExercised
	7	ESOPs lapsed		25,000

Kindly take the above information on record.

Yours truly, For AXISCADES Technologies Limited

Shweta Digitally signed by Shweta Agrawal Date: 2021.02.06 Agrawal 16:52:04 +05'30' Shweta Agrawal Company Secretary

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