ASM Technologies Initiates Postal Ballot for Managing Director Re-appointment with E-voting Process

ASM Technologies Limited has announced a postal ballot process to seek shareholder approval for the re-appointment of its Managing Director, marking a significant corporate governance milestone for the IT software company. The postal ballot notice, dated January 7, 2026, outlines the proposal for Mr. Rabindra Srikantan's continued leadership role.

Re-appointment Details and Terms

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed Mr. Rabindra Srikantan's re-appointment as Managing Director for a five-year consecutive term. The appointment details are structured as follows:

Parameter	Details
Appointment Period	November 9, 2025 to November 8, 2030
Term Duration	5 consecutive years
Retirement Clause	Not liable to retire by rotation
Board Approval Date	November 8, 2025

Proposed Remuneration Structure

The company has outlined a comprehensive remuneration package for the Managing Director position. The proposed compensation structure includes:

Remuneration Component	Amount
Maximum Annual Remuneration	₹3.60 crores
Applicable Period	First 3 years (Nov 9, 2025 - Nov 8, 2028)
Components	Salary, perquisites, and other remuneration
Compliance	Within permissible limits under Companies Act

The remuneration represents a significant increase from previous years, with Mr. Srikantan receiving ₹3.54 crores in FY 2024-25, ₹1.17 crores in FY 2023-24, and ₹1.70 crores in FY 2022-23.

E-voting Process and Timeline

The company has implemented a comprehensive e-voting mechanism to facilitate shareholder participation. The voting process will be conducted exclusively through electronic means:

E-voting Details	Information
Voting Start Date	Thursday, January 8, 2026 (9:00 AM IST)
Voting End Date	Friday, February 6, 2026 (5:00 PM IST)
Cut-off Date	Friday, January 2, 2026
E-voting Platform	KFin Technologies Limited
Website	https://evoting.kfintech.com
Results Declaration	On or before February 10, 2026

Leadership Profile and Qualifications

Mr. Rabindra Srikantan brings extensive experience to the Managing Director role, serving as the founder of ASM Technologies. His educational background includes dual MS degrees in Computer Engineering and Computer Science from the University of Louisiana, USA, and a BE in Electrical and Electronics from PSG College of Technology, Coimbatore.

With over 35 years of experience in Engineering R&D and Design Led Manufacturing, Mr. Srikantan has been instrumental in ASM's global expansion across USA, Singapore, UK, Canada, Japan, and Mexico. He currently holds leadership positions in multiple ASM subsidiaries and serves as Chairman of CII Karnataka.

Scrutinizer Appointment and Compliance

The company has appointed qualified professionals to oversee the postal ballot process:

Primary Scrutinizer: Mr. Pramod S.M. (FCS: 7834, CP: 13784), Designated Partner, BMP & Co., LLP
Alternate Scrutinizer: Mr. Biswajit Ghosh (FCS: 8750, CP: 8239), Designated Partner, BMP & Co., LLP

The postal ballot process complies with Section 110 read with Section 108 of the Companies Act, 2013, and SEBI Listing Regulations. Corporate and institutional members are required to submit board resolutions authorizing their representatives to cast votes through the e-voting platform.

Shareholding and Governance

As of September 30, 2025, Mr. Rabindra Srikantan holds 60,64,262 equity shares in the company. The appointment requires approval through a Special Resolution, and the resolution will be deemed passed on February 6, 2026, if approved by the requisite majority. The results will be communicated to stock exchanges and made available on the company's website at www.asmltd.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.24%	-6.35%	-8.89%	+16.31%	+117.44%	+2,565.00%

ASM Technologies Limited has disclosed the pledge of equity shares under regulatory disclosure requirements, with Beacon Trusteeship Limited acting as debenture trustee for the benefit of debenture holders of Preindra Global Private Limited.

Share Pledge Details

The disclosure filed with BSE Limited reveals significant changes in the encumbered shareholding pattern of ASM Technologies Limited.

Parameter	Details
Shares Pledged	4,06,808 equity shares
Percentage of Total Capital	3.46%
Percentage of Diluted Capital	2.82%
Trustee Entity	Beacon Trusteeship Limited
Beneficiary	Debenture Holders of Preindra Global Private Limited

Updated Shareholding Position

Following this pledge transaction, the total encumbered holdings with Beacon Trusteeship Limited have increased substantially. The updated position shows the cumulative impact of share encumbrances.

Holding Category	Before Transaction	After Transaction
Shares Encumbered	75,918 (2.19%)	4,82,726 (4.10%)
Voting Rights Impact	2.60% of diluted capital	3.34% of diluted capital

Company Capital Structure

ASM Technologies Limited maintains a stable equity capital structure throughout this transaction. The company's shareholding base remains unchanged in terms of total issued capital.

Capital Details	Shares	Face Value
Equity Share Capital	1,17,74,208 shares	₹1.00 each
Total Diluted Capital	1,44,35,598 shares	₹1.00 each

Regulatory Compliance

The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Beacon Trusteeship Limited, with its registered office in Mumbai, filed the necessary documentation to ensure compliance with substantial shareholding disclosure norms.

The pledge arrangement represents a standard corporate financing mechanism where equity shares serve as security for debenture obligations. This transaction does not involve any change in voting rights or management control of ASM Technologies Limited, as the shares remain pledged rather than transferred.