AXISCADES TECHNOLOGIES LIMITED

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October 12, 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

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the meeting of the Board of Directors (“Board”) of AXISCADES Technologies Limited (hereinafter referred to as “AXISCADES” or “Company”) was held today, i.e. October 12, 2023, the Board inter alia, considered and approved the 100% acquisition of EPCOGEN Private Limited (hereinafter referred to as “EPCOGEN”), a niche solutions provider focused on engineering design and solutions for energy space.

Further, the details as required to be disclosed in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure as enclosed to this letter.

Kindly take the above information on record.

Yours faithfully,

For AXISCADES Technologies Limited

SONAL Digitally signed by SONAL KISHORE KISHORE DUDANI Date: 2023.10.12 DUDANI 22:15:18 +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 - 60024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: [email protected] | www.axiscades.com

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Annexure

Details as required to be disclosed in terms of SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

a)	Name of the target entity, details in brief such as size, turnover etc.;	EPCOGEN Private Limited (“EPCOGEN”) EPCOGEN is based out of Hyderabad, India, and operating from Chennai India. EPCOGEN is a niche solutions provider focussed on engineering design and solutions for energy space. It is serving Conventional, Low Carbon and Renewable Energy Industries in: • Engineering • Supply Chain Management: • Construction • CMMS, Asset Management, Laser Scanning & 3D Modelling. The Company recorded sales revenue of ~₹12Cr in financial year 2023.
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”	Currently, there is no related party transaction/ relationship between the promoters/ promoter group of AXISCADES and EPCOGEN Private Limited. The transaction is carried out at “arm’s length”.
c)	Industry to which the entity being acquired belongs;	Engineering Services
d)	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	1. Deeper presence in energy vertical both with competency and array of customers. 2. Enhanced presence in end-to-end project execution, complex project engineering and design and contribution to new age energy solutions. 3. Ability to cross sell capabilities between existing O&G customers and industrial product customers. 4. Access to Middle East and North American energy markets.