AXISCADES Technologies : inituates Liquidation of Subsidiary

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 AXISCADES Technologies Limited has officially informed the stock exchanges (NSE and BSE) regarding the initiation of voluntary solvent liquidation for its step-down German subsidiary, add solution GmbH. The move forms part of the parent company's broader corporate rationalization strategy to streamline operations and phase out non-performing entities. Key Highlights & Timeline :- *Corporate Action: Voluntary solvent liquidation and dissolution of step-down subsidiary add solution GmbH. *Reasoning: Ongoing financial losses caused by the severe downturn in the German automotive sector; part of AXISCADES' business rationalization plan. * Special Resolution Passed: Adopted by members on September 24, 2026, taking effect as of September 25, 2026. *Commercial Register Listing : Formally registered with the German Commercial Register on October 1, 2026 (extract dated October 2, 2026). *Financial Impact : Minimal to none on main company operations and profitability. Assets expected to be received on liquidation are non -material. Particulars Financial Value (INR Lakhs) Percentage ContributionTurnover / Revenue ₹1,562.20 Lakhs 1.35% Net Worth -₹1,437.11 Lakhs -1.96% Related Party & Buyer Details: Not applicable, as this is a solvent winding-up process under German law rather than a sale to a third party or related entity.