Axiscades Engineering Technologies has completed the acquisition of a land parcel measuring 32,847 sq m from the Telangana State Industrial Infrastructure Corporation (TSIIC) for a total consideration of ₹39.42 crore. The transaction, disclosed on July 24, 2026, secures the site required for the company’s planned defence hardware manufacturing and article integration unit in Telangana.

The acquisition follows an earlier disclosure dated November 12, 2025, and was executed in accordance with terms agreed upon with TSIIC. The purchase is classified as an arm’s length transaction with no related-party involvement, as the seller is not connected to the company’s promoters or group entities.

Transaction Details

The land is situated at IP Hardware Park Phase II, Mamidipally village, Balapur Mandal, Rangareddy District, Telangana. The total consideration paid for the plot stands at ₹39,41,64,000. The company confirmed that it holds no shareholding in TSIIC, and the transaction does not involve any issuance of shares or loan agreements.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026. Sonal Dudani, Company Secretary & Compliance Officer of Axiscades Engineering Technologies Limited, signed the intimation submitted to both the National Stock Exchange of India Ltd. and BSE Limited.

Strategic Expansion

The acquired facility will serve as a dedicated unit for manufacturing defence hardware and article integration, explicitly excluding fuel and explosives handling. This expansion marks a tangible step in the company’s strategy to deepen its footprint in the defence sector by securing dedicated infrastructure in a government-industrial park. The completion of the land acquisition removes a key pre-operational hurdle, allowing the company to proceed with setting up the manufacturing capabilities on the identified site.

AXISCADES Technologies Limited has scheduled a group meeting with institutional investors and fund managers in Bengaluru on July 15, 2026. The interaction is being conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that no unpublished price sensitive information will be shared during the meeting.

The schedule for the interaction is as follows:

AXISCADES noted that the schedule may undergo changes due to exigencies on the part of investors or the company. The updated schedule is available on the company's official website.