Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
AXISCADES · price
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Axiscades Technologies' Board has approved the sale of its Engineering Services business in Heavy Engineering, Automotive, and Energy Industries to Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc. The deal is structured as a slump sale on a going concern basis. The Transferring Business generated INR 2,493 million in revenue (24% of total turnover) and has a net worth of INR 530 million. Total consideration is USD 30.63 million, comprising USD 17.42 million at closing, USD 5.81 million deferred for 12 months, and up to USD 7.4 million earnout tied to EBITDA targets in June 2027. The transaction excludes Aerospace, Defence, and ESAI operations. Completion is subject to regulatory and shareholder approvals within 5 months.
The sale reduces Axiscades' revenue by 24% but is expected to unlock shareholder value. Proceeds will fund acquisitions, manufacturing infrastructure, and strengthen the balance sheet while the company focuses on Aerospace, Defence, and ESAI domains.