AXISCADES: transfer of Engineering Services

The business transfer was executed through AXISCADES Technologies Limited and its key operating subsidiaries—Epcogen Private Limited, AXISCADES UK Limited, and AXISCADES Inc.—to corresponding entity units of the buyer group: Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc., respectively. The transaction originates from the primary framework and business transfer agreements initially announced on May 26, 2026. As confirmed by the company, Akkodis operates as an independent entity and does not belong to the promoter or promoter group of AXISCADES, ensuring the transaction remains at arm's length. The key financial terms and payout metrics outlined in the closing disclosure include: *Upfront Receipt: AXISCADES and its subsidiaries received USD 11,760,000 upfront on the closing date. *Contract Holdback: A temporary holdback of USD 3,314,216 was established from the closing date pending the formal transfer of designated business contracts. *Facility Holdback: An additional holdback of USD 800,000 was set aside pending the full repayment of an existing bank facility and the release of associated encumbrances. * Release Conditions: Both holdback amounts are scheduled to be released to AXISCADES upon fulfilling the specified contract transfers and credit facility closures.