Jupiter Capital Private Limited has announced the release of pledge on shares of axiscades engineering technologies Limited, filing the mandatory disclosure under SEBI regulations on March 30, 2026. The transaction involves the release of pledged shares that were held as security with Aditya Birla Finance Ltd.

Pledge Release Details

The pledge release encompasses specific shareholding adjustments that impact Jupiter Capital's encumbered holdings in AXISCADES Technologies Limited. The transaction was completed on March 30, 2026, as part of the company's ongoing financial arrangements.

Current Shareholding Position

Following the pledge release, Jupiter Capital's shareholding structure in AXISCADES Technologies Limited reflects both its total holdings and the remaining encumbered portions. The company maintains its promoter status with substantial shareholding in the target company.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Jupiter Capital submitted the required documentation to both NSE and BSE, where AXISCADES Technologies Limited shares are listed.

The pledge release reduces Jupiter Capital's encumbered shareholding by 1.44 percentage points while maintaining its overall promoter holding of 58.05% in AXISCADES Technologies Limited. This transaction represents a partial release from the total pledged shares that were previously held as security arrangements with Aditya Birla Finance Ltd.

AXISCADES Technologies Limited has announced the appointment of Mr. Giridhar Aramane as Additional Director in the category of Non-Executive, Independent Director, effective March 26, 2026. The appointment was approved by the Board of Directors through circular resolution based on the recommendation of the Nomination and Remuneration Committee, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of Mr. Aramane's appointment are structured as follows:

Management Commentary

Commenting on the appointment, Dr. Sampath Ravinarayanan, Founder Chairman & Managing Director, AXISCADES Technologies Limited said, "We welcome Mr. Aramane as the Non-Executive Independent Director at AXISCADES. His extensive experience across government, infrastructure, and strategic policy brings invaluable perspective as we continue to strengthen our capabilities in engineering and technology solutions. His deep expertise in policy execution and large-scale program management will further enable us to navigate complex global markets with agility."

Mr. Giridhar Aramane said, "I am pleased to join the Board of AXISCADES Technologies Limited at a significant growth phase for the company, as engineering and technology continue to play a pivotal role in shaping global industries. AXISCADES has built strong capabilities across key sectors, and I look forward to contributing to its strategic priorities, strengthening governance frameworks, and supporting sustainable, long-term value creation."

Professional Background

Mr. Giridhar Aramane is a distinguished Indian Administrative Service (IAS) officer of the 1988 batch from Andhra Pradesh cadre. He served as Defence Secretary to the Government of India from November 1, 2022, until his retirement on October 31, 2024. Prior to his tenure in the Ministry of Defence, he held the position of Secretary in the Ministry of Road Transport & Highways from April 2020.

With over three decades of administrative experience, Mr. Aramane has held various key roles at both central and state levels. His responsibilities have included overseeing the Exploration Division in the Ministry of Petroleum & Natural Gas and serving as Executive Director in charge of inspections at the Insurance Regulatory and Development Authority (IRDAI).

Current Board Positions

Mr. Aramane currently holds several board memberships and appointments:

Educational Qualifications

Mr. Aramane holds a B.Tech. in Civil Engineering from Jawaharlal Nehru Technological University, Hyderabad, an M.Tech. from the Indian Institute of Technology, Madras, and an M.A. in Economics from Kakatiya University, Warangal.

Regulatory Compliance

The company has confirmed that Mr. Aramane is not debarred from holding the office of Director by virtue of any SEBI order or other regulatory authority. The appointment is subject to shareholder approval as mandated under Regulation 17 (1C) of SEBI (LODR) Regulations, 2015.