ASM Technologies Limited convened its Extra Ordinary General Meeting on October 4, 2026, passing both special resolutions with over 99.99% votes in favour. The meeting, held via video conferencing, addressed a preferential securities issue and the appointment of a new independent director.

The EGM was chaired by M R Vikram, with 37 members participating through the virtual platform. The proceedings were conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Members whose shares were held as on the cut-off date of September 25, 2026 were entitled to vote. Remote e-voting ran from September 30, 2026 at 9:00 am to October 3, 2026 at 5:00 pm, with additional e-voting available to members present at the EGM.

Key resolutions tabled

Two special resolutions were placed before shareholders for consideration. The first sought approval to offer, issue, and allot securities on a preferential basis. The second proposed the appointment of Amrita Verma Chowdhury (DIN: 02178520) as Non-Executive Independent Woman Director, along with fixing her remuneration.

Voting results

Scrutinizer Pramod S M of BMP & Co. LLP submitted the consolidated e-voting report on October 4, 2026. The votes were unblocked at 10:58 am in the presence of two independent witnesses. Both resolutions were passed with the requisite majority. The detailed results are as follows.

Resolution 1: Preferential securities issue

Resolution 2: Appointment of Amrita Verma Chowdhury

Final analysis summary

The table below consolidates the final e-voting analysis as submitted by the scrutinizer.

Scrutiny and compliance

BMP & Co. LLP's Pramod S M, a practicing company secretary (FCS No.: 7834; CP No.: 13784), was appointed as scrutinizer to oversee a fair and transparent e-voting process. The e-voting facility was provided by KFin Technologies Limited. The scrutinizer's consolidated report, countersigned by Company Secretary and Compliance Officer Vanishree Kulkarni (Membership No.: F13306), was submitted on October 4, 2026. Detailed voting results and the scrutinizer's report are to be disseminated to the stock exchanges and placed on the company website. The meeting concluded with a vote of thanks to shareholders, board members, auditors, and the management team.

ASM Technologies Limited has issued a corrigendum to the notice convening its Extra-Ordinary General Meeting (EGM) scheduled for October 4, 2026. The revision addresses clarifications required by the BSE regarding the company's proposed preferential issue of equity shares valued at up to ₹525.99 crore.

The original notice, circulated on September 11, 2026, sought shareholder approval for issuing 10,78,974 equity shares to Qualified Institutional Buyers (QIBs) and Non-QIB investors in the non-promoter category. The corrigendum, dispatched electronically on September 25, 2026, substitutes the "Objects of the Preferential Issue" section in the explanatory statement to provide greater specificity on fund deployment.

Clarifications on fund utilization

The BSE advised the company to provide additional information under Regulation 28(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Consequently, the amended notice details how the net proceeds will be allocated across organic growth, inorganic expansion, debt repayment, and working capital needs.

What the numbers show

The allocation strategy reveals a dual focus on immediate infrastructure scaling and long-term strategic consolidation. Capital expenditure for organic growth constitutes the largest single tranche at approximately ₹190.24 crore, representing roughly 36% of the total raise. This is closely followed by funding for inorganic growth at ₹120.15 crore, indicating a significant portion of capital is earmarked for potential acquisitions or investments in subsidiaries and associate companies. Notably, general corporate purposes account for ₹131.49 crore, which is within the 25% limit permitted by BSE circulars. The remaining funds are split between debt reduction (₹34.04 crore) and working capital (₹50.06 crore), suggesting a balanced approach to strengthening the balance sheet while pursuing expansion.