IGI Logo

Axiscades Technologies is currently trading at Rs. 477.75, up by 34.05 points or 7.67% from its previous closing of Rs. 443.70 on the BSE.

The scrip opened at Rs. 441.05 and has touched a high and low of Rs. 481.15 and Rs. 432.00 respectively. So far 34700 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 848.00 on 11-Jan-2024 and a 52 week low of Rs. 421.05 on 26-Nov-2024.

Last one week high and low of the scrip stood at Rs. 481.15 and Rs. 421.05 respectively. The current market cap of the company is Rs. 2022.04 crore.

The promoters holding in the company stood at 59.86%, while Institutions and Non-Institutions held 4.48% and 35.66% respectively.

Axiscades Technologies (ACTL) has unveiled a comprehensive strategic restructuring initiative aimed at enhancing the business operations of its Defence-focused subsidiaries, Mistral Solutions (Mistral) and AXISCADES Aerospace & Technologies (ACAT). This move will align it with evolving market demands and will leverage accelerated growth in these sectors. This move underscores the company’s commitment to innovation and operational excellence while offering compelling value for its stakeholders.

ACTL completed its acquisition of Mistral in 2022. ACTL thus currently has two Defence-focused companies: ACAT (a 100% defence pure-play company) and Mistral (60% Defence, 40% Semiconductor). The Board of ACTL has decided to restructure ACAT and Mistral, including its Leadership, in order to take advantage of commercial and technological synergies; expand and reposition Mistral’s semiconductor line of business; and create further operational efficiencies. This process was initiated in Q3 FY2025 and should be completed by Q4FY25.

ACAT’s operations will be integrated with Mistral. ACAT will continue to exist as an entity in order to leverage its Defence Industrial licence and other crucial defence OEM contracts until all components of ACAT are fully integrated into Mistral. Post-restructuring, the vision for Mistral is to be a significant global player in Defence and AI-powered Hypergrowth sectors, with 60% coming from Defence and 40% from Hypergrowth sectors as a result of growing demand for Mistral’s semiconductor expertise.

Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.