Key Transaction Details

Approval Date: October 14, 2026

Disclosure Date: October 15, 2026

Parties Involved: XIDA Inc. (acquirer, step-down subsidiary of AXISCADES) and ITSJ Group, Inc. (target, San Jose-based precision engineering and electronics manufacturer)

Transaction Type: Asset purchase acquisition

Consideration Structure: Total consideration up to US$ 7.0 million (approximately ₹67 crore) structured as follows:

  • US$ 2.5 million cash payable at completion
  • Balance through XIDA shares vesting over 30 months
  • Earn-out of up to US$ 2.0 million tied to customer, revenue and margin milestones

Asset Scope: Acquisition includes substantially all business assets of ITSJ Group, Inc.

Liability Treatment: ITSJ's legacy liabilities remain with the seller

Strategic Rationale and Business Impact

ITSJ provides XIDA with qualified supplier positions with two of the world's top-five semiconductor-equipment manufacturers and a leading hyperscale data-center operator, including live purchase orders. The acquisition establishes XIDA's operating base in Silicon Valley with design-to-build capability in San Jose including precision machining, PCB design and assembly, cable and box build, and full system integration from prototype to production.

XIDA plans to strengthen global delivery capabilities by combining the US front end with Indian engineering capabilities, creating a tariff-resilient supply chain. The acquisition focuses on the physical layer of AI build-out including data-center cooling and semiconductor-equipment sub-systems.

Company Background

ITSJ Group, Inc.: Founded in 2023, headquartered in San Jose, California, precision engineering and electronics manufacturing company serving semiconductor-equipment and data-center customers.

XIDA Inc.: AXISCADES' US AI-infrastructure company focusing on electronics design, semiconductor-equipment sub-systems, data-center thermal systems and edge AI.

Forward-Looking Statements

The release contains forward-looking statements about the proposed transaction, its timing and completion, customers, integration and expansion plans. The transaction is subject to execution of definitive agreements and satisfaction of conditions precedent and approvals, with no assurance of completion on described terms or timeline.

Contacts

Investor Relations: Akash Pandey | investor.relations@axiscades.in

IR Adviser: Shankhini Saha, Director – Dickenson World

Corporate Communications: communications@axiscades.in

#AXISCADES #M&A #SEBIDisclosure #RegulatoryCompliance #StrategicExpansion #Neutral