Axiscades Technologies Secures $1M International Contract
Filing Summary
Axiscades Technologies Limited, through its subsidiary Mistral Solutions Private Limited, has secured a contract valued at approximately $1 million. The contract involves testing audio products in a newly established Acoustic Lab at the Aeroland facility. This international development contract was awarded by a hyperscaler customer and is set to be executed over multiple years. The order does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. This development aligns with Axiscades’ focus on expanding its technological capabilities in international markets.
Axiscades Technologies Limited, through its subsidiary Mistral Solutions Private Limited, has received an international contract for testing audio products. The contract, valued at approximately $1 million, involves work in the newly established Acoustic Lab at the Aeroland facility. This development contract was awarded by a hyperscaler customer.
The contract is classified as a development contract and is set to be executed over multiple years. The awarding entity is international, and there are no related party transactions involved. Additionally, there is no interest from the promoter or promoter group in the entity that awarded the contract.
The contract details were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has complied with the necessary disclosure requirements as outlined in the SEBI Circular dated November 11, 2024.
Mistral Solutions Private Limited specializes in providing advanced technology solutions, particularly in the areas of product engineering and system integration. The company focuses on delivering innovative solutions to meet the complex requirements of its clients, leveraging its expertise in various technological domains.
Axiscades Technologies Limited is focused on providing engineering and technology solutions across various sectors. The company prioritizes expanding its technological capabilities and enhancing its service offerings to cater to international markets. Axiscades continues to strengthen its position in the global market by securing strategic contracts and partnerships.