AXISCADES Technologies Limited has submitted a regulatory disclosure under Regulation 30 of SEBI Listing Regulations regarding changes to its Board of Directors.

Director Resignation

Mrs. Mariam Mathew (DIN: 08065365) has resigned from her position as Non-Executive, Independent Director of the Company. The resignation was submitted via email dated August 11, 2026, and is effective from the close of business hours on Tuesday, August 11, 2026. The stated reason for resignation is "increased family commitments."

Mrs. Mathew served as Chairperson of the Risk Management Committee and Member of the Nomination and Remuneration Committee. She confirmed in her resignation letter that there are no material reasons for her resignation other than those mentioned, and expressed gratitude for her eight-plus years with the company.

New Director Appointment

The Board of Directors, through a circular resolution passed on August 11, 2026, and based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Ms. Ashmita Sethi (DIN: 08660491) as Additional Director in the category of Non-Executive, Independent Director. The appointment is effective from August 11, 2026, subject to approval of shareholders in terms of Regulation 17(1C) of SEBI (LODR) Regulations, 2015.

The term of appointment is for 3 years with effect from August 11, 2026.

Director Profile

Ms. Ashmita Sethi is described as a globally recognized C-suite leader in the Aerospace & Defence industry with more than 25 years of experience. Her professional background includes:

  • Most recently serving as President & Country Head of Pratt & Whitney (RTX) India and Managing Director of United Technologies India Pvt Ltd
  • Previous roles as Senior Director at Boeing and Vice President at Rolls Royce
  • Experience in chairing and co-chairing industry bodies, chambers of commerce, and policy forums
  • Involvement in policy reforms related to MRO taxation and convergence of Commercial and Defence industries
  • Worked alongside Ministries of Defence and Civil Aviation on aerospace sector development

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