AXISCADES completes sale of engineering services business to Akkodis

Core Business DivestedStrategic Transactions View source PDF Explain this filing

AXISCADES · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹2311.90

prior close

₹2324.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.0%-1.4% vs market

Aerospace & Defense peers, median of 25sector+0.7%-2.0% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.0 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.4

15m

-0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.0-1.4+0.7-2.0

Next day

-1.3+1.3-2.6+1.7-3.0

-2.6+1.1-3.7+3.4-6.0

-10.0-1.7-8.3-1.9-8.2

-9.9-1.4-8.4-1.7-8.2

-12.4-0.6-11.8+0.5-12.9

-10.0+0.3-10.3+2.1-12.1

15d

-14.6-6.1-8.5-6.0-8.6

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UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

AXISCADES Technologies has completed the sale of its Engineering Services business in Heavy Engineering, Automotive, and Energy to Akkodis entities on Oct 1, 2026. The company received USD 11.76 million on closing. Holdback amounts of about USD 4.11 million are pending release once business contracts transfer and a bank facility is repaid. An Amendment Agreement signed Sept 25 adjusts terms without changing the overall transaction value.

Likely market impact

Major business line divested; company receives USD 11.76 million with about USD 4.11 million held back pending conditions. Portfolio reshaped.