ASM Technologies has scheduled an extraordinary general meeting (EGM) for October 4, 2026, to seek shareholder approval for a ₹525.99 crore preferential allotment. The issuance is priced at ₹4,875 per equity share.

The company published the EGM notice on September 12, 2026, in Financial Express and Hosadigantha. The meeting will be conducted via video conferencing or other audio-visual means (VC/OAVM) starting at 10:00 am. Shareholders holding shares as of the cut-off date, Friday, September 25, 2026, are eligible to vote.

E-Voting Details

Remote e-voting will commence on Wednesday, September 30, 2026, at 9:00 am and conclude on Saturday, October 3, 2026, at 5:00 pm. The facility is provided by K-Fin Technologies Limited. Members who have not registered their email addresses are requested to do so with their Depository Participants or the Registrar and Share Transfer Agent.

Investor Details

SBI Mutual Fund through its various schemes leads the investment with an allocation of ₹401 crore for 8,22,564 shares. Other investors include SBI Emergent India Fund, Derive Trading and Resorts Private Limited, and Asha Mukul Agrawal.

Post-Issue Shareholding

Post-allotment, SBI Mutual Fund will hold a 5.25% stake in the company. SBI Emergent India Fund and Derive Trading will each hold 0.65%, while Asha Mukul Agrawal will hold 0.33%. Promoter holding will decrease from 57.51% to 53.55%.

Use of Proceeds

The company plans to utilize the net proceeds for capital expenditure towards organic growth and expansion (₹190.24 crore), inorganic growth including strategic acquisitions (₹120.15 crore), debt repayment (₹34.04 crore), and working capital requirements (₹50.06 crore). General corporate purposes will account for ₹131.50 crore, which does not exceed 25% of the gross funds raised.

Regulatory Compliance

The trading window for designated persons closed on September 6, 2026, and remains closed until 48 hours after the outcome announcement. The proposal aligns with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013. CARE Ratings Limited has been appointed as the monitoring agency for the utilization of proceeds.

ASM Technologies has appointed Ms. Amrita Verma Chowdhury as an additional non-executive, independent woman director. The appointment is effective from August 31, 2026.

The Board of Directors approved the move through a circular resolution passed on August 31, 2026. The appointment follows a recommendation by the Nomination and Remuneration Committee and is subject to shareholder approval in accordance with the Companies Act, 2013 and SEBI Listing Regulations.

Appointment Details

Ms. Chowdhury will serve a term of five consecutive years, running from August 31, 2026 to August 30, 2031. She holds DIN 02178520 and is not related to any existing directors of the company. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Profile

Ms. Chowdhury brings three decades of experience across technology, strategy consulting, and business transformation. She currently serves as an Independent Director on the boards of ZF Commercial Vehicle Solutions, Mahindra Lifespace Developers, and Nesco. Her board committee roles include chairing nomination and remuneration, stakeholder relationships, and risk management committees.

Her career began as a semiconductor engineer at Applied Materials, where she contributed to manufacturing innovation and co-invented seven US patents. She subsequently held leadership roles at AT Kearney, Harvard Business School, Harlequin India, and DY Works. As Director and CEO of Gaia, she leads the development of IoT, AI/ML, and digital-platform solutions for enterprises and governments.

Ms. Chowdhury holds a B.Tech from IIT Kanpur, an MS from UC Berkeley, and an MBA from Carnegie Mellon University's Tepper School of Business. She has co-authored 12 technical papers on semiconductors and white papers on e-governance for institutions including NITI Aayog and CII.