Jupiter Capital Private Limited has made a regulatory disclosure regarding the pledge of equity shares in axiscades engineering technologies to two prominent financial institutions. The disclosure, filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, was submitted to stock exchanges on January 27, 2026.

Share Pledge Details

The pledge transactions involve a total of 3.40 lakh equity shares of AXISCADES Technologies Limited, executed as security arrangements with two separate lenders:

Both pledge transactions were executed on January 23, 2026, and are classified as security arrangements under the regulatory framework.

Jupiter Capital's Shareholding Position

Jupiter Capital Private Limited maintains a significant position in AXISCADES Technologies Limited as a promoter entity. The company's current shareholding details reflect its substantial stake in the target company:

Regulatory Compliance

The disclosure was made in accordance with Regulation 31(1) and 31(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. K. Madhavi, Company Secretary (FCS 6844), signed the disclosure document on behalf of Jupiter Capital Private Limited.

The regulatory filing was simultaneously submitted to the National Stock Exchange of India Limited, BSE Limited, and AXISCADES Technologies Limited, ensuring compliance with all applicable disclosure requirements for promoter share encumbrance activities.

AXISCADES Technologies Limited has entered into a strategic partnership with OGMA – Indústria Aeronáutica de Portugal, a subsidiary of Embraer, marking a significant expansion in the company's aerospace and defence capabilities. The partnership, announced on January 27, 2026, focuses on aerospace manufacturing, maintenance, repair, and overhaul (MRO), airframe engineering, and certification services for both commercial and military platforms.

Strategic Partnership Details

The collaboration aligns with AXISCADES' strategy to advance up the aerospace value chain by concentrating on high-value, long-term service activities. Under the strategic agreement, the companies will provide maintenance and support for Embraer and other manufacturers' aircraft fleets in India, including prestigious VVIP and VIP aircraft, AEW&C platforms, and various commercial aircraft.

The partnership combines AXISCADES' expertise in aircraft design, conversion, avionics, radar, electronic warfare, and drone technologies with OGMA's century-long proven capabilities in airframe and engine MRO services.

Infrastructure Development

AXISCADES is currently establishing one of India's largest integrated aerospace and defence manufacturing and MRO hubs near the Bengaluru International Airport. This state-of-the-art facility will feature comprehensive capabilities including:

• Dedicated hangars and speed shops
• Engine shops and welding center of excellence
• Strategic electronics manufacturing facilities
• System integration and certification testing capabilities

Through this partnership, AXISCADES will leverage OGMA's global expertise to strengthen indigenous MRO competencies and build world-class capabilities within India.

Leadership Commentary

Alfonso Martinez, CEO-International at AXISCADES Technologies Ltd, emphasized the significance of the partnership: "This MoU with OGMA is a significant step in AXISCADES' journey to build world-class aerospace and defence MRO and engineering capabilities. By combining OGMA's deep expertise in airframe and engine MRO with our strong engineering, manufacturing, and infrastructure roadmap, we aim to create a robust ecosystem that addresses global market opportunities in high-growth regions such as India, the UAE and MENA, while supporting India's self-reliance objectives."

Paulo Monginho, CEO of OGMA – Indústria Aeronáutica de Portugal, added: "We are pleased to partner with AXISCADES, a company that brings strong and proven capabilities along with a clear vision for aerospace and defence growth. This collaboration allows us to expand our footprint while jointly delivering high-quality, certified MRO and engineering solutions to India & Global Customers."

Company Profiles

AXISCADES Technologies Limited operates as an end-to-end technology, product and solutions provider in the aerospace, defence and ESAI domains. Headquartered in Bangalore with subsidiaries and offices in France, Germany, Denmark, USA, and Canada, the company employs over 3,000 professionals across 17 global locations. The company maintains long-term relationships with Defence Forces, MoD, Defence Labs and PSUs along with global OEMs.

OGMA – Indústria Aeronáutica de Portugal S.A., part of the Embraer Group since its acquisition, combines over 100 years of experience as an aircraft manufacturer and maintenance service provider. The Portuguese government retains 35% of shares while Embraer owns the remaining 65% of the company's share capital. OGMA offers a complete portfolio of services for defense, commercial and executive aviation, as well as aircraft engines, components and engineering services.