ASM Technologies Limited held a Board of Directors meeting on Saturday, June 6th, 2026, which commenced at 8:30 hrs (IST) and concluded at 11:40 hrs (IST).
The Board considered and approved a proposal for raising funds up to an aggregate amount not exceeding INR 500 Crores (INR Five Hundred Crores only). The fundraising may be conducted through issuance of various securities including:
- Equity Shares
- Securities convertible into Equity Shares
- Warrants
- Fully convertible debentures
- Partly convertible debentures
- Non-convertible debentures along with warrants
- Convertible preference shares
- Any combination thereof
The funds may be raised through one or more of the following methods:
- Public issue
- Rights issue
- Preferential allotment
- Private placement
- Qualified Institutions Placement(s) (QIP)
- Any other mode or combination thereof as permitted under applicable laws
The fundraising will be conducted in one or more tranches, subject to obtaining necessary regulatory/statutory approvals and shareholder approval.
Shareholder approval for the proposed fundraising and allied matters will be sought through a General Meeting or Postal Ballot exercise. The company will make separate disclosure when the notice is issued to shareholders.
The specific type of securities and mode of issuance will be finalized by the Board of Directors, and the company will make separate disclosures to the Exchange providing all requisite particulars and details once finalized.
The document confirms that certain aspects like bonus issues, ADR/GDR/FCCB issuances, and preference share redemptions are not applicable to this fundraising proposal.
Financial Impact
Maximum fundraising amount: INR 500 Crores
Financial impact details will be disclosed separately once the specific mode and securities are finalized.
Additional Information
The information has been hosted on the company website at www.asmltd.com