AxisCades Engineering Technologies Limited has issued a clarification to BSE Limited regarding the recent surge in trading volume of its shares across exchanges. The response came following a surveillance inquiry from the stock exchange dated January 23, 2026.

Company's Response to BSE Surveillance

The company addressed BSE's letter seeking clarification on the significant increase in share volume through a formal communication signed by Company Secretary and Compliance Officer Sonal Dudani. AxisCades emphasized its commitment to prompt and timely disclosures under regulatory requirements.

Regulatory Compliance Statement

AxisCades stated that it has been making all required disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that to the best of its knowledge, there are no undisclosed events or information that are material or required to be disclosed under the regulations.

The key points from the company's clarification include:

• No material events affecting operations or performance remain undisclosed
• All disclosures have been made in compliance with SEBI Listing Regulations
• The trading volume increase appears to be purely market-driven
• Commitment to prompt disclosure of any unpublished price sensitive information (UPSI)

Market-Driven Volume Increase

The company attributed the observed increase in trading volume to market forces rather than any specific corporate developments. AxisCades reiterated that any future events qualifying as unpublished price sensitive information would be disclosed promptly upon crystallization and approval by competent authorities.

Corporate Information

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

The company maintains its commitment to full regulatory compliance and timely disclosures as required under applicable SEBI regulations, including the SEBI (Prohibition of Insider Trading) Regulations, 2015.

AXISCADES Technologies Limited announced that its subsidiary, Mistral Solutions Private Limited, has secured a significant international contract worth approximately $1 million for audio product testing services. The disclosure was made on January 23, 2026, in compliance with SEBI listing regulations.

Contract Details

The multi-year development contract involves testing of audio products at the newly established Acoustic Lab in the Aeroland facility. The contract has been awarded by an international hyperscaler customer, marking a significant milestone for the subsidiary's operations.

Service Scope and Facility

Mistral Solutions Private Limited will provide comprehensive testing services for audio products using its newly established Acoustic Lab infrastructure. The Aeroland facility represents the company's investment in specialized testing capabilities to serve international clients in the audio technology sector.

Regulatory Compliance

The contract disclosure confirms that:

• The promoter group has no interest in the entity awarding the contract
• The transaction does not fall within related party transactions
• The contract meets arm's length transaction criteria

Corporate Structure

AXISCADES Technologies Limited, formerly AXISCADDES Engineering Technologies Limited, operates through various subsidiaries including Mistral Solutions Private Limited. The parent company is listed on both BSE (Scrip Code: 532395) and NSE (Symbol: AXISCADDES), ensuring comprehensive regulatory compliance and transparency in business operations.

This contract award demonstrates the subsidiary's capability to secure substantial international business in specialized technology testing services, particularly in the growing audio products market segment.