AXISCADES TECHNOLOGIES LIMITED — M&A Activity 2023

Dec 5, 2023

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December 05, 2023

The Manager Listing Department Dppt. Of Corporate Services The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5 Floor, Plot C/1, G Block Phirozee Jeejeebhoy Tower, 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 and Disclosure Requirements) Regulations, 2015

We draw your attention to our intimation dated 12[th] October 2023, wherein the Company informed the Exchanges that the Board of Directors (“Board”) of AXISCADES Technologies Limited (“AXISCADES” or “Company”) approved 100% acquisition of EPCOGEN Private Limited (hereinafter referred to as “EPCOGEN”), a niche solutions provider focused on engineering design and solutions for energy space.

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to further inform the Exchanges that the Company has acquired 99.99% stake (outstanding 1 share set to be extinguished in accordance with the provisions of the applicable laws) in EPCOGEN on 05[th] December 2023, upon payment of fixed consideration of INR 26.25 Crores, in accordance with the Definitive Agreements. Subsequently, EPCOGEN Private Limited has become a Subsidiary of the Company.

Kindly take the above information on record.

Yours faithfully,

For AXISCADES Technologies Limited

Digitally signed by SONAL KISHORE SONAL KISHORE DUDANI DUDANI Date: 2023.12.05 17:58:22 +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 - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com