AXISCADES Technologies Limited (AXISCADES)
Giving guarantees/indemnity/ becoming a surety for third party
Corporate guarantee of Rs 20 Cr approved for subsidiary Cloud Wave Technologies to replace personal guarantees by exiting shareholders. Guarantee supports subsidiary's banking arrangements and will last the tenure of credit facilities. No material adverse impact expected on the listed company as beneficiary is a consolidated group subsidiary.
Source: Original filing PDF
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🚨 AXISCADES — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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