AXISCADES Technologies Reports Q2 Results for FY2026; Announces Committee Reconstitutions

AXISCADES Technologies Reports Q2 Results for FY2026; Announces Committee Reconstitutions​

AXISCADES Technologies Limited has released its unaudited financial results and provided updates on its corporate governance structure following a Board meeting held on August 13, 2026. The company reported its performance for the quarter ended June 30, 2026, alongside announcing key appointments to its board committees and detailing the status of ongoing business divestments.

The consolidated financial results reflect varying levels of income across different periods. For the quarter ending June 30, 2026, the company reported significant total revenue.

Consolidated Financial Highlights (Quarter Ended June 30, 2026)​

A summary of key consolidated figures for the period ended June 30, 2026, is presented below:

Segment Performance Update​

The company operates within two main business segments: Technology Services and Solutions and Defence. The segment performance details for the quarter ended June 30, 2026, are as follows:

Corporate Governance and Appointments​

The Board of Directors approved the results and addressed several corporate governance matters during the meeting on August 13, 2026. The company also appointed M/s Protiviti India Member Private Limited as the Internal Auditor for the Financial Year (FY) 2026-27, with the appointment date set as August 13, 2026.

The Board Committees were reconstituted, and their current compositions include:

Audit Committee

• Mr. Giridhar Aramane (Independent Director, Chairman)
• Mr. Tanmoy Chakrabarty (Independent Director, Member)
• Mr. Venkataraman Venkitachalam (Non-Executive Director, Member)

Nomination & Remuneration Committee

• Mr. Tanmoy Chakrabarty (Independent Director, Chairman)
• Lt Gen Codanda Poovaiah Cariappa (Independent Director, Member)
• Mr. Giridhar Aramane (Independent Director, Member)
• Ms. Ashmita Sethi (Independent Director, Member)
• Mr. Venkataraman Venkitachalam (Non-Executive Director, Member)
• Mr. Abhay Maheshwari (Non-Executive Director, Member)

Stakeholder Relationship Committee

• Lt Gen Codanda Poovaiah Cariappa (Independent Director, Chairman)
• Mr. Tanmoy Chakrabarty (Non-Executive Director, Member)
• Mr. Abhay Maheshwari (Non-Executive Director, Member)

Risk Management Committee

• Ms. Ashmita Sethi (Independent Director, Chairperson)
• Mr. Venkataraman Venkitachalam (Non-Executive Director, Member)
• Mr. Shashidhar SK (Chief Financial Officer, Member)

Discontinued Operations and Divestment Strategy​

The company is actively managing the disposal of certain identified businesses and subsidiaries through agreements with the Akkodis Group. These transactions were approved by shareholders on July 27, 2028.

Key aspects of the divestiture include:

• Heavy Engineering & Automotive/Energy Industries: The business providing engineering services to customers in these sectors is proposed for transfer via a slump sale at a fixed consideration of USD 23.23 million, which includes deferred consideration of USD 5.81 million receivable after twelve months, plus contingent consideration linked to earn-out achievements.
• Aerospace Industry: The business providing engineering services to the Aerospace industry is slated for transfer via a business transfer and share sale structure, with an aggregate fixed consideration of USD 152.35 million. This deal includes USD 74.65 million in the form of equity instruments of a newly incorporated entity, along with contingent consideration tied to earn-out conditions.

The identified businesses have been classified as disposal groups held for sale and discontinued operations as at June 30, 2026.

AXISCADES Stock Price Movement​

Shares of AXISCADES Technologies Limited today slipped by 0.54% to settle at ₹1529.4 as the market closed. The stock saw a volume of 98,469 shares traded during the session.