News Corporate Actions ASM Technologies Files Q3FY26 Monitoring Agency Report for Rs 170.13 Crore Preferential IssueASM Technologies Files Q3FY26 Monitoring Agency Report for Rs 170.13 Crore Preferential Issue
ASM Technologies Limited filed its Q3FY26 monitoring agency report showing utilization of Rs 18.07 crore during the quarter from its Rs 170.13 crore preferential issue proceeds. Total utilization reached Rs 109.56 crore, with Rs 60.57 crore remaining unutilized and deployed in fixed deposits and mutual funds. The funds were used for organic growth opportunities including land and equipment purchases, with no deviations reported from the original issue objects.
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ASM Technologies Limited has filed its monitoring agency report for the quarter ended December 31, 2025, as mandated under SEBI regulations. The report, prepared by CRISIL Ratings Limited, provides details on the utilization of proceeds from the company's preferential issue of Rs 170.13 crore conducted in March 2024.
Quarterly Utilization Summary
During the third quarter of FY26, ASM Technologies utilized Rs 18.07 crore from the issue proceeds, bringing the total utilization to Rs 109.56 crore. The funds were deployed towards organic growth opportunities, specifically for the purchase of land and equipment.
| Parameter | Amount (Rs crore) |
|---|---|
| Total Issue Size | 170.13 |
| Utilization at Quarter Beginning | 91.49 |
| Utilization During Quarter | 18.07 |
| Total Utilization | 109.56 |
| Remaining Unutilized | 60.57 |
Issue Structure and Objects
The preferential issue was conducted between March 8-12, 2024, comprising equity shares and convertible warrants. The company has allocated the proceeds across two primary objects:
| Object | Original Allocation (Rs crore) | Revised Allocation (Rs crore) | Utilization (Rs crore) | Balance (Rs crore) |
|---|---|---|---|---|
| Organic & Inorganic Growth | 130.00 | 130.00 | 84.28 | 45.72 |
| General Corporate Purpose | 40.00 | 40.13 | 25.28 | 14.85 |
The minor revision in general corporate purpose allocation resulted from the Board's decision in August 2025 to allocate the excess Rs 0.13 crore received from the issue.
Deployment of Unutilized Funds
The company has strategically deployed the unutilized Rs 60.57 crore across various instruments to generate returns:
Fixed Deposits and Bank Balance
- Multiple fixed deposits with ICICI Bank totaling Rs 11.18 crore
- Interest rates ranging from 4.75% to 7.05%
- Maturity dates extending to July 2026
- Bank balance of Rs 0.18 crore in preferential issue account
Mutual Fund Investments
- SBI Arbitrage Opportunities Fund investments totaling Rs 49.39 crore
- Total earnings of Rs 1.15 crore from mutual fund investments
- Current market value of Rs 50.54 crore
Compliance and Monitoring
The monitoring agency report confirms no deviations from the disclosed objects in the offer document. All proceeds have been utilized in accordance with the Notice to Shareholders dated February 14, 2024. The company received the complete issue proceeds of Rs 170.13 crore by the previous quarter, including the final tranche from warrant conversion.
Management Outlook
According to the Board of Directors' comments in the report, the remaining funds will be utilized towards organic and inorganic growth opportunities in due course. The company maintains that funds earmarked for general corporate purposes will be deployed as business requirements arise.
The report was certified by statutory auditors B.K. Ramadhyani & Co LLP and signed by CRISIL's Director Shounak Chakravarty, ensuring compliance with SEBI's monitoring requirements for preferential issues.
Historical Stock Returns for ASM Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.10% | +8.71% | -7.99% | +4.78% | +133.73% | +2,026.59% |
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