Jupiter Capital Private Limited Releases Pledge on 1,50,000 Equity Shares of AXISCADES Technologies Limited

Jupiter Capital Private Limited has submitted a revised disclosure to the stock exchanges and AXISCADES Technologies Limited under Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, originally dated 24th April, 2026, pertains to the release of a pledge on 1,50,000 equity shares of AXISCADES Technologies Limited. The revised filing, submitted on 12th May, 2026, was necessitated by a discrepancy identified by AXISCADES Technologies Limited in the original disclosure, specifically the omission of the lender's name.

Reason for Revised Disclosure

Axiscades Technologies Limited raised a discrepancy via email dated 12th May, 2026, noting that the original disclosure had mentioned only the trustee's name, Catalyst Trusteeship Limited, without including the lender's name. In response, Jupiter Capital Private Limited submitted a revised disclosure rectifying this by explicitly naming JM Financial Credit Solutions Limited as the lender, alongside Catalyst Trusteeship Limited as the trustee. The revision was signed by K. Madhavi, Company Secretary (FCS 6844), on behalf of Jupiter Capital Private Limited.

Details of Encumbrance Release

The following table presents the key details of the encumbrance release as disclosed by Jupiter Capital Private Limited:

Parameter:	Details
Name of Target Company:	AXISCADES Technologies Limited (formerly known as AXISCADES Engineering Technologies Limited)
Name of Promoter:	Jupiter Capital Private Limited
Date of Release:	24th April, 2026
Type of Event:	Release of Pledge
Type of Encumbrance:	Pledge
Reason for Encumbrance:	As Security
Shares Released:	1,50,000
% of Total Share Capital Released:	0.35%
Trustee:	Catalyst Trusteeship Limited
Lender:	JM Financial Credit Solutions Limited

Promoter Shareholding and Encumbrance Position

The disclosure provides a comprehensive view of Jupiter Capital Private Limited's shareholding and encumbrance status in AXISCADES Technologies Limited. The table below summarises the pre- and post-event encumbrance position:

Metric:	Details
Total Promoter Holding (No. of Shares):	2,46,82,047
Total Promoter Holding (% of Share Capital):	58.05%
Encumbered Shares (Pre-Release):	35,39,000
Encumbered Shares % (Pre-Release):	8.32%
Shares Released:	1,50,000
Encumbered Shares (Post-Release):	33,89,000
Encumbered Shares % (Post-Release):	7.97%

Following the release of 1,50,000 pledged shares, Jupiter Capital Private Limited's total encumbered holding in AXISCADES Technologies Limited has been reduced from 35,39,000 shares (8.32% of total share capital) to 33,89,000 shares, representing 7.97% of the total share capital. The promoter's overall holding in the target company remains at 2,46,82,047 shares, constituting 58.05% of the total share capital.

Regulatory Compliance

The disclosure was made in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was filed with the National Stock Exchange of India Limited, BSE Limited, and AXISCADES Technologies Limited. The revised disclosure was submitted by Jupiter Capital Private Limited, registered at 5th Floor, "Prestige Sigma", No. 03, Vittal Mallya Road, Bengaluru - 560001 (CIN: U67120KA2004PTC033653).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.97%	-4.35%	+24.82%	+39.04%	+143.36%	+3,245.50%

AXISCADES Technologies Limited , formerly known as AXISCADES Engineering Technologies Limited, has allotted 13,600 equity shares of face value Rs. 5/- each under its employee stock option plan on May 07, 2026. The allotment was approved by the Nomination and Remuneration Committee (NRC) through a circular resolution passed on the same date, in favour of 2 eligible grantees under the "AXISCADES ESOP 2018 – Series 2" scheme.

Share Capital Impact

Following this allotment, the company's paid-up share capital has increased. The table below summarises the change in share capital consequent to this allotment:

Metric:	Before Allotment	After Allotment
Paid-up Share Capital:	Rs. 21,25,86,945	Rs. 21,26,54,945
Number of Equity Shares:	4,25,17,389	4,25,30,989
Face Value per Share:	Rs. 5/-	Rs. 5/-

ESOP Allotment Details

The disclosure made pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, provides the following key details of the allotment:

Parameter:	Details
Scheme Title:	AXISCADES ESOP 2018 – Series 2
Date of Allotment:	May 07, 2026
Number of Shares Issued:	13,600
Kind of Security:	Equity Shares
Par Value per Share:	Rs. 5/-
Exercise Price per Share:	Rs. 52.65 – for 13,600 shares
Premium per Share:	Rs. 47.65 – for 13,600 shares
Distinctive Numbers:	42568490 to 42582089
Lock-in:	Not applicable
Total Issued Shares After Issue:	4,25,82,089
Total Issued Share Capital After Issue:	Rs. 21,29,10,445

Regulatory Compliance

The allotment has been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The filing of the scheme with the stock exchanges was originally made on August 01, 2018, and subsequently updated on May 04, 2022. The filing numbers on record include BSE: DCS/IPO/SV/ESOP-IP/3210/2018-19, BSE: DCS/IPO/SV/ESOP-IP/3113/2018-19, NSE: NSE/LIST/17324, BSE: DCS/IPO/TL/ESOP-IP/2580/2022-23, and NSE: NSE/LIST/30968. All equity shares allotted pursuant to the exercise of stock options rank pari-passu with the existing equity shares of the company. The intimation has been signed by Sonal Dudani, Company Secretary & Compliance Officer of AXISCADES Technologies Limited.