AXISCADES Technologies Limited — QIP/Rights/Pref., 28-12-2024: Allotment of Securities

AXISCADES Technologies Limited has announced the allotment of 5,000 Unrated Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 100,000 each, amounting to Rs. 50 Cr through private placement. This move is aimed at improving capital structure or financing specific projects, though further details on utilization were not disclosed. The issuance underscores the company's strategy to attract investment while enhancing its financial flexibility.