Jupiter Capital revises AXISCADES share disclosure, clarifies lenders

Jupiter Capital Private Limited submitted a revised disclosure on September 16, 2025, concerning its shares in AXISCADES Technologies Limited. This filing addresses a discrepancy in an earlier disclosure dated September 12, 2025, clarifying the identity of the lenders involved in the share encumbrance.

Previously, Jupiter Capital disclosed a pledge on 2,500,000 shares, representing 5.88% of AXISCADES' total share capital, with Catalyst Trusteeship Limited as the trustee. Following this, 1,004,000 pledged shares (2.36%) were released, with SBICap Trustee Company Ltd as the trustee. The total encumbered shares after the release were 4,535,000, amounting to 10.67% of AXISCADES' share capital.

The revised disclosure explicitly states that the previous filing on September 12, 2025, omitted the name of JM Financial Credit Solutions Limited as the lender for the initial pledge, only mentioning Catalyst Trusteeship Limited as the trustee. Similarly, for the share release, only SBICap Trustee Company Ltd was mentioned, not the lender Blackrock Asia Pacific Private Credit Opp Fund II SG VCC. These omissions have now been rectified, with the revised filing providing complete details for both transactions.