AXISCADES Incorporates XIDA DEEPTECH Subsidiary

AXISCADES Technologies Limited has incorporated a step-down subsidiary named XIDA DEEPTECH PRIVATE LIMITED in India on October 05, 2026.

Target Entity: XIDA DEEPTECH PRIVATE LIMITED
Business Focus: The subsidiary will provide engineering, design, manufacturing, technology, consulting and technical services for the electronics, semiconductor, artificial intelligence and deep tech industries
Corporate Structure: XIDA DEEPTECH PRIVATE LIMITED is a step-down subsidiary of AXISCADES TECHNOLOGIES LIMITED through its holding company XIDA PRIVATE LIMITED
Shareholding Structure: AXISCADES holds 0% direct shareholding in XIDA DEEPTECH PRIVATE LIMITED but exercises indirect control by virtue of being the ultimate holding company
Regulatory Framework: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026

No cash consideration or share swap involved in the incorporation
No shares were subscribed by AXISCADES in the new entity
No governmental or regulatory approvals were required for the incorporation
The disclosure indicates no immediate financial impact on revenue, margins, cash flows, or capital structure