28-Aug-2026 19:12:03

AXISCADES : ACQUISITION OF 90% EQUITY SHARE CAPITAL OF CLOUD WAVE TECHNOLOGIES PRIVATE LIMITED

• Board of Directors approved the acquisition of 90% of the equity share capital of Cloud Wave Technologies Private Limited • Cloud Wave is a Bengaluru-based company operating in the precision engineering and manufacturing industry • Cash consideration of approximately ₹234 Crores at an enterprise valuation of approximately ₹260 Crores • The acquisition is a strategic step in the Company's stated growth plan to transition toward aerospace manufacturing • Indicative time period for completion of acquisition of 90% by 30 September 2026

AXISCADES Technologies Limited

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