ASM Technologies Limited disclosed that SBI Mutual Fund and other entities acquired a combined 5.24% equity stake through a preferential allotment dated October 16, 2026.

The transaction involved the issuance of 10,78,974 equity shares at a price of ₹4,875 per share, aggregating to a total consideration of ₹525,99,98,250. The acquirers, categorized as non-promoter entities including Qualified Institutional Buyers (QIBs) and non-QIBs, did not hold any shares prior to this acquisition.

Acquisition Details

The filing under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, outlines the specific allocations across various funds and entities acting in concert. The primary component of the acquisition was led by SBI Mutual Fund schemes, which accounted for the majority of the shares allotted.

Post-Acquisition Holding Structure

Following the allotment, the combined holding of the acquirers and persons acting in concert stands at 5.24% of the total share capital. The disclosure confirms that none of the acquirers belong to the promoter or promoter group. The shares were issued at a premium of ₹4,865 over the face value of ₹10.

What the Numbers Show

The acquisition highlights a significant concentration of institutional interest within the SBI Mutual Fund umbrella. Of the total 10,78,974 shares acquired, SBI Mutual Fund schemes alone account for 8,22,564 shares, representing approximately 76% of the total allotment volume. This indicates that the bulk of the capital infusion came from diversified mutual fund portfolios rather than concentrated single-entity bets, with the SBI Children's Fund - Investment Plan being the largest single contributor by volume.

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.