The Board of directors of AXISCADES Technologies Limited has considered and approved the 100% acquisition of EPCOGEN Private Limited (hereinafter referred to as "EPCOGEN"), a niche solutions provider focused on engineering design and solutions for energy space.
EPCOGEN is a niche solutions provider focused on engineering design and solutions for energy space irrespective of energy type. Within O&G focusing on the EPC peripheral, EPCOGEN is a pioneer by experience on the engineering portion which is most critical and focused up on by customers. It was incorporated in Hyderabad, India in November 2020.
The cost of acquisition is INR 26.25 Crores plus 3 years earnout of INR 7 Crores based on performance ending FY26.
Shares of AXISCADES Technologies Limited was last trading in BSE at Rs. 556.65 as compared to the previous close of Rs. 553.20. The total number of shares traded during the day was 8775 in over 753 trades.
The stock hit an intraday high of Rs. 578.90 and intraday low of 555.15. The net turnover during the day was Rs. 4941006.00.