AXISCADES Technologies Limited submitted a regulatory disclosure to BSE Limited and the National Stock Exchange of India Limited regarding the appointment of a new director.

Board Meeting Details

The Board of Directors meeting was held on June 29, 2026, commencing at 11:00 AM IST and concluding at 01:50 PM IST.

Director Appointment Details

The Board approved the appointment of Mr. Abhay Maheshwari (DIN: 08004819) as an Additional Director in the category of Non-Executive, Non-Independent Director with effect from June 29, 2026. The appointment was based on the recommendation of the Nomination and Remuneration Committee.

The appointment is subject to approval of the shareholders in terms of Regulation 17(1C) of the Listing Regulations. As an Additional Director appointed in this category, Mr. Maheshwari is liable to retire by rotation.

Compliance Affirmation

The company affirmed pursuant to NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, and BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, that Mr. Abhay Maheshwari is not debarred from holding the office of Director by virtue of any SEBI order or any such authority.

Director Profile

Mr. Abhay Maheshwari is a seasoned finance executive and IIM Indore alumnus, Chartered Accountant with 18 years of strategic and operational experience across corporate finance, fundraising, IPO, finance transformation, capital and liquidity management, and investing. His career contributions include strategic financial leadership, business growth and partnering, supporting growth-oriented capital decisions, and playing a key role in structuring and executing high-impact transactions that strengthen long-term business value.

He is recognized for his sound professional judgment, analytical rigour, and commercial acumen. He collaborates effectively with founders, institutional investors, and C-suite leaders to align financial strategy with business priorities and risk appetite. His contributions span transaction structuring, capital allocation, investor and board engagement, and governance-focused financial oversight.

As a people leader, he has built and led high-performing, cross-cultural teams, fostering a solution-oriented approach to complex business and financial challenges.

Director Relationship Disclosure

Mr. Abhay Maheshwari is not related to any Director of the Company.