AXISCADES TECHNOLOGIES LIMITED

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March 13, 2024

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 NSE Symbol: AXISCADES BSE Scrip Code: 532395

Dear Sir/Madam,

Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’)

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby intimate the Stock Exchanges that Explosoft Tech Solutions Private Limited (hereinafter referred to as “Explosoft”), Wholly Owned Subsidiary has amended Debenture Subscription Agreement entered with Jupiter Capital Private Limited (“Jupiter Capital”), Promoter Company of AXISCADES Technologies Limited.

With the said amendment, Jupiter Capital shall have a right to transfer the Optionally Convertible Debentures held by it in Explosoft to a third party.

The details as required under Regulation 30 of the Listing Regulations read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as 'Annexure - I'.

The aforesaid information is also being placed on the website of the Company at https://www.axiscades.com/investor-relations.html.

Kindly take the same on record.

Yours faithfully,

For AXISCADES Technologies Limited

Sonal Digitally signed by Sonal Dudani Dudani Date: 2024.03.13 18:16:50 +05'30'

Sonal Dudani

Company Secretary & Compliance Officer

(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: [email protected] | www.axiscades.com

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Annexure - I

Details required under the Listing Regulations read with SEBI Circular No. SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Sr. No.	Particulars	Description
1	i. Name of the party entering into such an agreement and the relationship with the listed entity; ii. Details of the counterparties to the agreement (including name and relationship with the listed entity) iii. Date of entering into the agreement	Explosoft Tech Solutions Private Limited, Wholly Owned Subsidiary Jupiter Capital Private Limited, Promoter Company 13thMarch 2024
2	Purpose of entering into the agreement;	Amendment to Debenture Subscription Agreement between Explosoft and Jupiter Capital in the mutual interest of both the parties.
3	Shareholding, if any, in the entity with whom the agreement is executed;	AXISCADES Technologies Limited holds 100% equity shares in Explosoft Tech Solutions Private Limited.
4	Significant terms of the agreement (in brief)	Pursuant to the Debenture Subscription Agreement, Explosoft has issued and allotted, thirty-five (35) unsecured and unlisted cumulative optionally convertible redeemable debentures of face value of Rupees One Crore Only (INR 1,00,00,000/-) each at par, aggregating to Rupees Thirty-Five Crores Only (INR 35,00,00,000/-) (the “Debentures”) to Jupiter Capital.
5	Extent and the nature of impact on management or control of the listed entity;	Shall be determined at the time of conversion or redemption as per the terms of the Debenture Subscription Agreement
6	Details and quantification of the restriction or liability imposed upon the listed entity;	Nil
7	Whether, the said parties are related to promoter/ promoter group/ group companies in any manner. If yes, nature of relationship;	Jupiter Capital is the Promoter of AXISCADES Technologies Limited (ACTL) which is party to the Agreement