AXISCADES: US STEP-DOWN SUBSIDIARY ACQUIRES 100% BUSINESS ASSETS OF ITSJ GROUP

• Step-down subsidiary XIDA Inc. (formerly Mistral Solutions Inc.), Delaware, USA, to acquire substantially all business assets of ITSJ Group, Inc. (San Jose, California) • Aggregate consideration not exceeding US$7.0 million (~₹67.02 Cr): US$2.5 mn cash at completion, US$2.5 mn restricted XIDA shares, earn-out up to US$2.0 mn • ITSJ CY2025 revenue US$3.47 million (~₹33.22 Cr); CY2024 US$3.37 million • Assets include customer and vendor contracts, inventory, equipment, IP, receivables and goodwill; no ITSJ shares acquired, ITSJ retains liabilities and will not become a subsidiary • Adds CNC machining, PCB assembly, cable and box-build capability in San Jose serving semiconductor-equipment and data-centre customers • Asset Purchase Agreement expected by November 30, 2026; completion on or before March 31, 2027

AXISCADES Technologies Limited

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