Shares of AXISCADES Technologies Limited surged 4.99% to ₹733.75, reaching the upper circuit limit in Wednesday’s trade. The stock reacted after the announcement of the resignation of its Managing Director and CEO, Arun Krishnamurthi, effective January 2, 2025.
Key Developments:
- Resignation Details: Arun Krishnamurthi stepped down due to personal reasons, as disclosed in a regulatory filing.
- Regulatory Compliance: The company, adhering to SEBI’s Listing Obligations and Disclosure Requirements (LODR), submitted the resignation letter and related documentation to the exchanges.
- No Successor Named Yet: AXISCADES has not yet announced a successor or interim management arrangements.
Company Profile:
Headquartered in Bengaluru, AXISCADES Technologies specializes in engineering and digital solutions, catering to global clients in industries such as aerospace, defense, and heavy engineering.
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