ASM Technologies Limited received a monetary fine of Rs. 25,40,000/- (excluding GST) from BSE Limited during the financial year ended 31st March 2026. The penalty was imposed for non-compliance with Schedule XIX Para 2 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, specifically for failing to file the application for listing of equity shares allotted upon conversion of warrants within the prescribed 20-day timeline. The Secretarial Compliance Report for the financial year ended 31st March 2026 was prepared by BMP & Co. LLP, Practicing Company Secretaries, pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Non-Compliance and Penalty Details

The sole deviation identified during the review period relates to a delayed listing application filed with the stock exchange. The following table summarises the key details of the non-compliance:

According to the report, the company delayed filing the application with the stock exchange for listing of equity shares allotted pursuant to conversion of warrants, beyond the timeline prescribed under the relevant regulation. BSE Limited consequently imposed the monetary fine for the said non-compliance. The management acknowledged the lapse but characterised it as unintentional in nature.

Overall Compliance Status for FY26

Barring the above penalty, BMP & Co. LLP reported that ASM Technologies was compliant with all other applicable SEBI regulations and circulars during the review period. The table below outlines the key compliance areas assessed:

The report confirmed that no actions were taken against the listed entity, its promoters, directors, or subsidiaries either by SEBI or by any stock exchange during the review period, other than the BSE fine noted above. The company was also found to be in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, including Regulations 3(5) and 3(6).

Regulatory Provisions Reviewed

BMP & Co. LLP examined compliance with a range of SEBI regulations during the review period. The following provisions were assessed as not applicable to ASM Technologies during FY26:

• SEBI (Buy-back of Securities) Regulations, 2018 — Not applicable during the year under review
• SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 — Not applicable during the year under review
• SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 — Not applicable during the year under review
• SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 — Not applicable as the company is not registered as a Registrar to an Issue and Share Transfer Agent
• SEBI (Delisting of Equity Shares) Regulations, 2021 — Not applicable as the company has not delisted its equity shares from any stock exchange

The report was signed by CS Pramod S M, Partner, BMP & Co. LLP, bearing FCS No. 7834, CP No. 13784, Peer Review Certificate No. 6387/2025, and Firm Registration Number L2017KR003200, dated May 11, 2026, from Bengaluru.

ASM Technologies disclosed the outcome of its Board of Directors meeting held on May 9, 2026, filed under Regulation 30 and Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, recommended a final dividend of Rs.12.00 per share (120% on par value of Rs.10/-), and granted in-principal approval for listing on the National Stock Exchange of India Limited. The communication was digitally signed by Company Secretary & Compliance Officer Vanishree Kulkarni (FCS: 13306). The statutory auditors, B K Ramadhyani & Co LLP (Firm Registration No. 002878S/S200021), issued an unmodified audit opinion dated May 9, 2026, on both standalone and consolidated financial results. Subsequently, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, ASM Technologies filed copies of newspaper advertisements pertaining to the financial results for the quarter and year ended March 31, 2026, published in English and Kannada newspapers, with the filing dated May 11, 2026.

Board Meeting Outcomes

The Board of Directors convened on Saturday, May 9, 2026, with the meeting commencing at 4:00 PM and concluding at 9:40 PM. The key decisions taken at the meeting are summarised below:

The final dividend of Rs.12.00 per share is subject to approval of members at the ensuing Annual General Meeting. The board also appointed M/s. Venu & Vinay Chartered Accountants (Unique Identification No. 010010S) as Internal Auditors for the year 2026-27. The company confirmed it is not classified as a Large Corporate under SEBI's debt securities framework, with outstanding borrowings of Rs.68.68 crore as on March 31, 2026 and a credit rating of BBB+ from Crisil.

Financial Performance — Standalone & Consolidated

ASM Technologies reported a significant improvement in financial performance for the year ended March 31, 2026. The following table presents key financial metrics on both a standalone and consolidated basis (Rs. in million):

For the quarter ended March 31, 2026, standalone revenue from operations stood at Rs.1,245.15 million compared to Rs.845.05 million in the corresponding quarter of the previous year. Standalone net profit for the quarter was Rs.177.23 million against Rs.146.51 million in the same period last year. On a consolidated basis, quarterly revenue from operations was Rs.1,351.18 million versus Rs.1,145.07 million, with net profit at Rs.167.54 million compared to Rs.150.97 million.

Newspaper Advertisement — Extracted Financial Results

In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, ASM Technologies published an extract of its financial results in English and Kannada newspapers. The advertisement was filed with BSE Limited on May 11, 2026, signed by Vanishree Kulkarni, Compliance Officer & Company Secretary. The extract, signed by Managing Director Rabindra Srikantan (DIN: 00024584), presents the following key figures (Rs. in million):

The full format of the quarterly financial results is available on the BSE website at www.bseindia.com and on the company's website at www.asmltd.com .

Segment Performance

ASM Technologies operates across two segments — Engineering R&D Services (ERD) and Design Led Manufacturing (DLM). The following table summarises segment-wise revenue for the full year (Rs. in million):

Segment profit before interest and tax on a standalone basis rose to Rs.1,249.52 million in FY26 from Rs.724.76 million in FY25. On a consolidated basis, segment profit before interest and tax was Rs.1,298.82 million compared to Rs.806.88 million in the previous year.

Balance Sheet Highlights

The company's balance sheet as at March 31, 2026 reflects a notable expansion in the asset base. Key balance sheet metrics are presented below (Rs. in million):

Cash Flow Summary

The following table presents key cash flow metrics for the year ended March 31, 2026 (Rs. in million):

Auditor Notes and Key Disclosures

The auditors drew attention to the company's non-current investments in Eclectic IQ (formerly Polylogyx) and Lavelle Networks Private Limited, carried at a cost of Rs.8.03 million and Rs.55.00 million respectively, with disclosed fair values of Rs.12.65 million and Rs.64.25 million. The company is in the process of obtaining formal valuation reports for these investments as per Ind AS 109. Management has represented that no impairment exists as at the reporting date, and the auditors' opinion is not modified in respect of this matter.

The consolidated results include unaudited financial statements of certain subsidiaries — ASM Technologies Vietnam Company Limited, ASM Engineering Pvt Limited (UK), and its subsidiary ASM Digital Engineering Pvt Limited (UK) — reflecting total assets of Rs.52.11 million, total revenues of Rs.98.06 million, and total net profit after tax of Rs.2.05 million. Two overseas subsidiaries, ASM Digital Technologies Pte Ltd (Singapore) and ASM Technologies KK (Japan), have accumulated losses exceeding their share capital, with total liabilities exceeding total assets by Rs.23.97 million (SGD 3,27,623) and Rs.9.61 million (JPY 1,51,01,235) respectively. The holding company's board is authorised to infuse further funds as required, and management has drawn up an action plan to reduce operating costs.

During the quarter ended March 31, 2024, the company made a preferential allotment of 8,00,000 equity shares of Rs.10/- each at a premium of Rs.460.70 per share and issued share warrants of 28,14,390 convertible at Rs.470.70 per warrant, receiving a total of Rs.1,700 million. During the quarter ended September 2025, the company allotted 15,56,984 equity shares. An amount of Rs.252.80 million was spent towards general corporate purposes and Rs.865.00 million towards organic and inorganic growth, with the balance invested in fixed deposits and mutual funds.

Insider Trading Compliance

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for Directors, officers, and designated employees was closed from April 1, 2026 to May 12, 2026, both days inclusive. The intimation was addressed to the Department of Corporate Services, Bombay Stock Exchange Limited, and was digitally signed by Vanishree Kulkarni in her capacity as Company Secretary & Compliance Officer.