AXISCADES updates AGM + block deal + aerospace expansion

AXISCADES Technologies is in the spotlight this week after its shares surged 10% on September 29 2026 following a major block deal and a strong aerospace expansion push. The company recently held its 36th AGM, launched a new aerospace subsidiary, and allotted ₹200 crore in secured NCDs to fund growth. 🚀 Latest Developments in AXISCADES Technologies 1. Share Price Rally Stock Movement: Hit the 10% upper circuit, touching ₹2,067.40 intraday on September 29 2026. Trigger: A block deal of 4.54 million shares, signaling strong institutional interest. Investor Sentiment: Positive due to the company’s aggressive aerospace and defense expansion. 2. Strategic Expansion into Aerospace New Subsidiary: Incorporated Akkodis AXISCADES Aerospace Engineering Private Limited (AAAEPL) on 22 Sept 2026. Focus: Specialized engineering, design, and technical consulting for aerospace and aviation. Ownership: AXISCADES holds 99.9999% stake with a ₹48,990 cash subscription. Purpose: To deepen integration into the global aerospace supply chain and capture high‑value defense contracts. 3. Cloud Wave Technologies Acquisition Deal Value: ₹234 crore for a 90% stake (enterprise valuation ₹260 crore). Completion Date: 10 Sept 2026. Benefit: Adds AS9100D‑certified precision manufacturing capacity for aerospace components. Subsidiaries Acquired: Protohubs and Aureate. Funding: Supported by ₹200 crore raised through secured, unlisted Non‑Convertible Debentures (NCDs). 4. Financial Snapshot (Q1 FY27) Metric Q1 FY27 YoY Change Notes Revenue ₹346.7 crore +42.2% Strong growth post‑divestment Net Loss ₹14.8 crore ↓ from ₹20.9 crore profit Integration costs EBITDA Margin 8.1% ↓ from 14% Transition pressure Normalized EBITDA ₹27.9 crore — Reflects expansion expenses 🏢 Governance & AGM Highlights (28 Sept 2026) 36th Annual General Meeting: Focused on “AXISCADES 3.0” strategy — four platforms: Aerospace, ACAT, XiDA, Space.