AXISCADES Technologies Limited announced that 10,500 Unlisted Unrated Secured Redeemable Non-Convertible Debentures (NCDs), having face value of INR 100,000 each, allotted on June 21, 2023, amounting to INR 1,050 million have been redeemed and prepaid by the Company on 21 March 2024 around. The NCDs have been redeemed out of the proceeds of funds raised through Qualified Institutions Placement (QIP) concluded in January 2024. One of the objects of QIP was repayment /pre- payment, in full or in part, of certain outstanding borrowings availed by the Company.