AXISCADES Technologies Limited has formally notified stock exchanges that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's debt securities framework. The company submitted its mandatory disclosure to both the National Stock Exchange and BSE on April 29, 2026.

Regulatory Compliance Disclosure

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which pertains to fund raising through issuance of debt securities by large corporates. Company Secretary and Compliance Officer Sonal Dudani confirmed that AXISCADES does not meet the applicability criteria specified under the circular.

Financial Position Details

The company provided key financial metrics as part of the disclosure requirements:

Corporate Information

AXISCADES Technologies Limited, formerly known as AXISCADES Engineering Technologies Limited, operates with CIN L72200KA1990PLC084435. The company's registered office is located at Block C, Second Floor, Kirloskar Business Park, Bengaluru, Karnataka.

Regulatory Framework Context

The disclosure relates to Chapter XII of SEBI's Operational circular dated August 10, 2021, which establishes criteria for identifying large corporates in the debt securities market. Companies falling under this category face specific regulatory requirements and compliance obligations for debt fundraising activities.

The formal disclosure was signed by Company Secretary Sonal Dudani and Chief Financial Officer Shashidhar SK, ensuring proper authorization and compliance with regulatory protocols. This notification serves to maintain transparency with stakeholders and regulatory authorities regarding the company's classification status under current SEBI guidelines.

AXISCADES Technologies Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Giridhar Aramane as Non-Executive Independent Director. The company announced the postal ballot process on April 28, 2026, with voting scheduled through remote e-voting facility only.

Postal Ballot Details

The postal ballot notice, dated April 26, 2026, outlines the voting process for shareholders to approve the appointment through a special resolution. Key voting parameters are structured as follows:

The notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date. Physical copies of the postal ballot form are not being distributed in compliance with MCA circulars.

Director Profile and Appointment

Mr. Giridhar Aramane (DIN: 00483130) was appointed as Additional Director in the capacity of Non-Executive Independent Director by the Board of Directors with effect from March 26, 2026. His appointment is subject to shareholder approval within three months as mandated by Regulation 17(1C) of SEBI Listing Regulations.

The appointee brings extensive administrative experience to the board:

Voting Process and Compliance

The company has engaged KFin Technologies Limited to provide remote e-voting facility. Shareholders can access the voting platform through the company's website at www.axiscades.com or directly through https://evoting.kfintech.com . The voting rights will be proportionate to shareholders' paid-up equity share capital as on the cut-off date of April 17, 2026.

CS Pramod S. M. (Membership No.: F7834 and CP No.: 13784) has been appointed as scrutinizer, with CS Biswajit Ghosh as alternate, both from M/s. BMP & Co. LLP, Company Secretaries. The scrutinizer will submit the report to the Chairman after completion of vote counting.

Regulatory Framework

The appointment follows provisions of Sections 149, 150, 152 and 197 of the Companies Act, 2013, along with SEBI Listing Regulations. Mr. Aramane has provided the necessary declarations confirming his independence criteria and eligibility for directorship. The proposed appointment term spans three consecutive years from March 26, 2026 to March 25, 2029, with the director not liable to retire by rotation.

The resolution, if passed by requisite majority, will be deemed effective from May 28, 2026. Results will be communicated to BSE Limited and National Stock Exchange of India Limited, where the company's equity shares are listed.