Axis Solutions Limited has secured a significant working capital facility of Rs 20.00 crore from The Hongkong And Shanghai Banking Corporation Limited (HSBC) through the execution of a deed of hypothecation on March 12, 2026. The facility is strategically aimed at expanding the company's business operations and strengthening its financial position.

Facility Details and Structure

The working capital arrangement represents a substantial financial commitment that will support Axis Solutions Limited's growth initiatives. The company has disclosed this transaction under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders.

Comprehensive Security Framework

The loan agreement incorporates a robust security structure to protect the lender's interests while providing Axis Solutions Limited with the necessary capital for expansion. The security arrangements demonstrate the company's commitment to the facility terms and provide multiple layers of protection.

Security Components:

• Personal Guarantees: Mr. Bijal Sanghvi and Mrs. Purvi B Sanghvi have provided personal guarantees
• Asset Charges: First pari-passu charge on current and future current assets of the company
• Property Security: First pari-passu charge on industrial property at Plot No. 107-112, GIDC Kathwada, Odhav Industrial Estate, Ahmedabad
• Deposit Under Lien: INR 1.2 million deposit arrangement

Implementation Timeline

The agreement includes a structured timeline of 180 days for security creation and perfection, including obtaining pari-passu letters from existing banks. This timeline ensures proper documentation and legal compliance while allowing the company to access the facility efficiently.

Strategic Implications

This working capital facility positions Axis Solutions Limited to pursue its expansion objectives with enhanced financial flexibility. The company's ability to secure funding from a major international bank like HSBC reflects confidence in its business model and growth prospects. The facility will provide the necessary liquidity to support operational expansion and capitalize on business opportunities.

The transaction does not involve any related party arrangements, as confirmed in the regulatory disclosure, ensuring arm's length terms and conditions. Director Purvi Sanghvi, with DIN No.: 01932029, signed the disclosure documents, emphasizing the company's commitment to regulatory compliance and transparency in corporate governance.

Axis Solutions Limited has formally announced the resignation of Chief Financial Officer Ninad Vora, effective March 6, 2026. The company filed the disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, citing Vora's decision to pursue career opportunities outside the organization.

Regulatory Filing Details

The company submitted the formal notification to BSE Limited on March 6, 2026, providing comprehensive details about the executive transition. Vora's resignation becomes effective from the closing of business hours on March 6, 2026, marking the end of his tenure as a Key Managerial Personnel under Section 203 of the Companies Act, 2013.

Executive Transition Timeline

Vora formally submitted his resignation letter on February 1, 2026, providing the company with over a month's notice period. In his resignation letter, he expressed gratitude to the Board for their support and cooperation during his tenure and wished the company continued success in future endeavors. The resignation was accepted by the company on March 6, 2026.

Compliance and Regulatory Impact

As Chief Financial Officer and Key Managerial Personnel, Vora's departure represents a significant change in the company's executive structure. The company has fulfilled its regulatory obligations by filing the necessary disclosures with BSE Limited and will initiate required filings with the Ministry of Corporate Affairs as per applicable regulations.

Corporate Governance Implications

The resignation follows proper corporate governance protocols with adequate notice period and formal documentation. Company Secretary Dipesh A. Panchal signed the regulatory filing, ensuring compliance with all applicable SEBI regulations and listing requirements. The advance notification allows the organization sufficient time for succession planning and maintaining continuity in financial operations.