AXISCADES TECHNOLOGIES LIMITED — Capital/Financing Update 2024

May 20, 2024

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May 20, 2024

The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phirozee Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block Dalal Street Bandra – Kurla Complex, Bandra(E), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 532395 NSE Symbol: AXISCADES

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) - Regulations, 2015 Issuance of Corporate Guarantee

We refer to our intimation dated 19[th] September, 2021 wherein we had informed the Exchanges that the Company has issued Corporate Guarantee for an amount of Rs. 48.50 crores in favor of HDFC Bank for providing credit facilities to AXISCADES Aerospace & Technologies Private Limited (Borrower), wholly owned subsidiary of AXISCADES Technologies Limited.

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to further inform that the Board of Directors of the Company at their meeting held today, i.e. 20[th] May 2024, have accorded their approval for providing Corporate Guarantee in favor of HDFC Bank for additional credit facilities of INR 4.50 crores, availed by AXISCADES Aerospace & Technologies Private Limited, wholly owned subsidiary.

The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11[th] July 2023 and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13[th] July 2023 are enclosed herewith and marked as an Annexure.

Yours faithfully,

For AXISCADES Technologies Limited

Digitally signed Sonal by Sonal Dudani Date: Dudani 2024.05.20 22:44:19 +05'30'

Sonal Dudani

Company Secretary & Compliance Officer

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

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Annexure

Annexure
S. No.	Particulars	Details
a)	Name of party for which such guaranteesor indemnity or surety was given	AXISCADES Aerospace & Technologies PrivateLimited, a wholly owned subsidiary
b)	Whether the promoter/ promoter group/group companies have any interest in thistransaction? If yes, nature of interest anddetails thereof and whether the same isdone at “arm’s length”	The promoters/promoter group do not have anyinterest in this transaction.AXISCADES Aerospace & Technologies PrivateLimited, wholly owned subsidiary has availed thecredit facility from HDFC Bank.Apart from that, there is no direct interest.
c)	Brief details of such guarantee orindemnity or becoming a surety viz. briefdetails of agreement entered (if any)including significant terms and conditions,including amount of guarantee	1. The proceeds of the credit facility to be usedfor meeting the Borrowers working capitalrequirements.2. The additional amount of guarantee – INR 4.50crores.3. The Guarantee will subsist with the tenor ofthe loan
d)	Impact of such guarantees or indemnity orsurety on listed entity	This guarantee has been provided on behalf of awholly owned subsidiary of the Company whichis part of the consolidated group.At this point, there is no perceivable impact ofthis guarantee on the Company.

For AXISCADES Technologies Limited

Sonal Digitally signed by Sonal Dudani Date: 2024.05.20 Dudani 22:44:55 +05'30' Sonal Dudani Company Secretary & Compliance Officer

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