AXISCADES Technologies Receives ESG Score of 70/100 from SES ESG Research

AXISCADES Technologies Limited has announced that it has received an ESG (Environmental, Social, and Governance) score of 70/100 from SES ESG Research Pvt Ltd., a SEBI-registered ESG Rating Provider under Category II. The rating places the company in the medium category for ESG performance.

ESG Rating Details

The ESG assessment was conducted independently by SES ESG Research without any engagement or request from AXISCADES Technologies. The rating agency prepared the evaluation based solely on the company's disclosures for FY 2024-25 and other publicly available data.

Parameter	Details
ESG Score	70/100
Category	Medium
Rating Agency	SES ESG Research Pvt Ltd.
Assessment Basis	FY 2024-25 disclosures and public data
Communication Date	January 19, 2026 at 19:54 IST

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This regulation requires listed companies to disclose material events and information that could impact investor decisions.

Company Response

AXISCADES Technologies has emphasized that it did not engage SES ESG Research for this rating assessment. The company clarified that SES ESG independently prepared and voluntarily issued the report based on publicly available information. The ESG rating communication was received by the company on January 19, 2026.

Transparency and Disclosure

In line with transparency requirements, AXISCADES Technologies has made the ESG rating information available on its official website at www.axiscades.com . The company has also formally notified both BSE Limited and National Stock Exchange of India Limited about this development through proper regulatory channels.

The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding ESG-related developments, even when such assessments are conducted independently by external rating agencies without company involvement.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-14.46%	-9.99%	-12.43%	+53.31%	+2,059.67%

AXISCADES Technologies Limited announced that its subsidiary Mistral Solutions Private Limited has secured a major supply order worth ₹100.00 crores from India's LLTR Ashwini programme, an indigenous low-level transportable radar system developed by DRDO and Bharat Electronics Ltd (BEL). The contract involves supplying signal and data processing units for defence radar subsystems along with associated spares over a two-year execution period.

Contract Details and Strategic Significance

The comprehensive details of this significant defence contract highlight its strategic importance for India's defence indigenisation efforts and the company's growth in embedded systems.

Parameter:	Details
Programme:	LLTR Ashwini (DRDO-BEL indigenous radar system)
Order Value:	₹100.00 Crores
Product Scope:	Signal and Data Processing Units with spares
Execution Timeline:	Two years
Application:	Low-altitude surveillance against UAVs, helicopters, fighter jets
Technology:	Liquid-cooled processing units for extreme operations

Leadership Perspective and Technical Capabilities

C. Manikandan, CEO of Mistral Solutions, emphasized that the contract reflects the subsidiary's commitment to supporting India's defence indigenisation initiatives and contributing to next-generation military systems. The liquid-cooled signal and data processing units are specifically designed to meet extreme operational demands, showcasing Mistral's advanced capabilities in embedded computing for radar platforms.

The LLTR Ashwini programme represents a critical component of India's indigenous defence technology development, focusing on low-altitude surveillance capabilities against unmanned aerial vehicles, helicopters and fighter jets.

Corporate Profile and Global Presence

AXISCADES operates across aerospace, defence, electronics, semiconductor and artificial intelligence sectors, employing over 3,000 professionals across 17 global locations including France, Germany, Denmark, the United States and Canada.

Business Aspect:	Details
Global Workforce:	Over 3,000 professionals
International Presence:	17 locations across multiple countries
Key Relationships:	Indian defence forces, MoD, defence labs, PSUs
Portfolio Coverage:	Weapon systems, avionics, radar, electronic warfare, drones
Market Position:	Key player in defence electronics indigenisation

Market Performance and Compliance

The company maintains strong relationships with India's defence forces, Ministry of Defence, defence laboratories and public sector undertakings, along with global original equipment manufacturers. Its comprehensive portfolio spans weapon systems, avionics, radar, electronic warfare, drones and anti-drone systems.

The contract involves no related party transactions and maintains full compliance with SEBI Listing Regulations, ensuring transparent corporate governance standards throughout the execution period.