Axiscades Technologies board has approved the acquisition of the remaining 24% stake in Cades Studec Technologies India Private Limited (CSTI) for USD 1,500,000. The board meeting held on March 16, 2026, authorized the purchase of 1,50,000 equity shares from STUDEC SAS France, which will transform CSTI into a wholly owned subsidiary.

Acquisition Details

The strategic acquisition will give Axiscades Technologies complete ownership of CSTI, increasing its shareholding from the current 76% to 100%. The transaction involves cash consideration and is structured to strengthen the company's position in the technical documentation sector.

Target Company Profile

Cades Studec Technologies India Private Limited operates as a leading provider of end-to-end technical documentation solutions. The company serves global leaders across aerospace, automotive, and renewable energy industries, focusing on accuracy, innovation, and industry compliance.

CSTI's three-year revenue trajectory shows consistent growth, with turnover increasing from Rs. 16,94,42,978.00 in FY22-23 to Rs. 19,25,02,535.00 in FY23-24, and further to Rs. 19,84,91,166.54 in FY24-25.

Business Operations and Expertise

CSTI specializes in producing state-of-the-art digital and 3D-based documentation, including interactive maintenance manuals, illustrated parts catalogues, animations, and training content. The company integrates advanced tools and technologies to create intuitive, immersive, and user-centric documentation experiences.

The subsidiary's business operations align with Axiscades Technologies' core activities in architecture and engineering services, technical testing, and analysis. This strategic fit supports the parent company's expansion in technical publications and documentation services.

Related Party Considerations

The acquisition qualifies as a related party transaction under the Companies Act, 2013, as CSTI is already a subsidiary of Axiscades Technologies. Key managerial personnel connections include Mr. Shashidhar SK, Group CFO, who serves as a director in CSTI, and both Mr. Shashidhar SK and Ms. Sonal Dudani, Company Secretary, hold 100 shares each as nominee shareholders.

Transaction Timeline

The proposed acquisition is expected to complete by June 2026, subject to fulfillment of conditions precedent and pre-closing actions. No governmental or regulatory approvals are required for this transaction, facilitating a streamlined completion process.

Jupiter Capital Private Limited has announced the release of pledge on 90,000 equity shares of axiscades engineering technologies Limited, formerly known as AXISCADES Engineering Technologies Limited. The disclosure was made under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Release Details

The pledge release was executed on February 26, 2026, involving shares that were previously encumbered with Tata Capital Limited as security. The transaction represents a reduction in the encumbered shareholding of Jupiter Capital Private Limited in the target company.

Current Shareholding Position

Jupiter Capital Private Limited maintains its position as a significant promoter of AXISCADES Technologies Limited with substantial shareholding in the company.

Regulatory Compliance

The disclosure was filed with multiple regulatory bodies and stakeholders as required under SEBI regulations. The communication was addressed to:

• National Stock Exchange of India Limited
• BSE Limited
• AXISCADES Technologies Limited

The disclosure was signed by K. Madhavi, Company Secretary (FCS 6844) of Jupiter Capital Private Limited, ensuring compliance with regulatory requirements for substantial shareholding changes and encumbrance modifications.

Company Information

Jupiter Capital Private Limited operates with CIN U67120KA2004PTC033653 and maintains its registered office at Prestige Sigma, Vittal Mallya Road, Bengaluru. AXISCADES Technologies Limited shares are listed on both NSE and BSE exchanges, making this disclosure relevant for investors tracking promoter shareholding patterns and encumbrance activities.