AXISCADES Technologies Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "AXISCADES continues to win more production order for supplying Avionics hardware for LCA Mk1A Program".
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AXISCADES Technologies, through its subsidiary Mistral Solutions, has won a new production order worth approximately ₹25 crore from Hindustan Aeronautics Limited (HAL) for the LCA Mk1A (Light Combat Aircraft Mk1A) programme. Under this order, Mistral Solutions will supply Single Board Computers used in the aircraft's avionics systems. The hardware will be manufactured at AXISCADES' newly commissioned DAL (Devanahalli Atmanirbhar Complex) facility at Bangalore Aerospace Park. This adds to the company's ongoing participation in the LCA Mk1A programme, a key Indian Air Force project being executed by HAL.
This is a positive development for AXISCADES shareholders as it reinforces the company's position in India's defence indigenisation drive and adds revenue visibility from a prestigious, long-cycle defence programme. While the ₹25 crore order size is incremental rather than transformative, consistent order wins in the LCA Mk1A programme support growth in the defence vertical and validation of the new DAL facility.