AxisCades Technologies Allots ₹200 Crore NCDs; Shares Flat

Mumbai, September 24: AxisCades Technologies has allotted 20,000 unrated, unlisted, secured redeemable non-convertible debentures (NCDs) with an aggregate value of ₹200 crore through private placement, while its shares remained largely unchanged in Thursday’s session.

According to the exchange filing, the Board of Directors approved the allotment through a circular resolution passed on September 24, 2026.

The company has issued 20,000 NCDs, each carrying a face value of ₹1 lakh, taking the total issue size to ₹200 crore. The securities are secured, redeemable and unlisted, with the tenure and redemption terms governed by the terms of the issue.

The NCDs have been issued on a private placement basis and carry an unrated status, as stated in the company’s disclosure.

Stock Market Snapshot

The AxisCades Technologies share price was at ₹1,940.30 as of 11:38 AM IST on September 24, 2026, up ₹0.10, or 0.01%, according to the market data shown.

The stock traded around ₹1,920 during the early session before recovering towards ₹1,940. It moved above ₹1,950 around 10:40 AM and subsequently settled near ₹1,940 at the latest available timestamp.

The AxisCades Technologies share price was therefore largely unchanged despite the company’s announcement of the ₹200 crore NCD allotment.

NCD Issue Completed Through Private Placement

The latest allotment follows an earlier company communication dated September 5, 2026, referred to in the exchange filing.

The securities have been classified as unrated, unlisted and secured redeemable NCDs. The company has not disclosed additional coupon or repayment details in the allotment announcement, stating that tenure and maturity will be as per the terms of issue.

The ₹200 crore fundraising adds to AxisCades Technologies’ financing through the debt capital market, with the securities issued directly through private placement rather than a public offering.

About AxisCades Technologies

AxisCades Technologies operates as an engineering and technology solutions company serving sectors that require engineering design, digital engineering and related technology services.

The company works across areas including engineering services and technology-led solutions, supporting customers with product development and engineering requirements.

Conclusion

AxisCades Technologies has allotted 20,000 secured redeemable NCDs with a face value of ₹1 lakh each, aggregating ₹200 crore, through private placement.

The NCDs are unrated and unlisted, with their tenure and redemption governed by the terms of issue. AxisCades Technologies shares were trading at ₹1,940.30, up 0.01%, as of 11:38 AM IST on September 24, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/AXISCADES/AXISCADES-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/AXISCADES_24092026112656_Allotment24092026.pdf