ASM Technologies Inks Rs. 250 Crore MoU with Tamil Nadu for ESDM Expansion

1 min read     Updated on 12 Sept 2025, 08:06 PM
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Jubin VergheseScanX News Team
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Overview

ASM Technologies Limited signed an MoU with the Tamil Nadu government to invest Rs. 250 crores for enhancing its Design-Led Manufacturing capabilities in the ESDM sector. The company will acquire 5 acres of land to establish a state-of-the-art design facility. This investment aims to strengthen ASM's position in Tamil Nadu's technology manufacturing ecosystem and expand its design-led manufacturing capabilities. ASM currently operates two manufacturing facilities in Karnataka and Tamil Nadu, serving clients across various industry verticals. The company has a global presence in multiple countries.

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*this image is generated using AI for illustrative purposes only.

ASM Technologies Limited , a pioneer in Design-Led Manufacturing, has taken a significant step towards expanding its presence in the Electronics System Design and Manufacturing (ESDM) sector. The company recently signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu, committing to invest Rs. 250 crores for enhancing its Design-Led Manufacturing capabilities.

Investment Details and Expansion Plans

As part of the agreement, ASM Technologies will acquire 5 acres of land from the Tamil Nadu government to establish a state-of-the-art design facility. This strategic move is set to bolster the company's position in Tamil Nadu's growing technology manufacturing ecosystem, providing long-term benefits and a competitive edge.

Management's Perspective

Rabindra Srikantan, Managing Director of ASM Technologies Limited, expressed enthusiasm about the MoU, stating, "This Rs. 250 crore investment marks a significant step forward in ASM Technologies' growth journey. We are expanding our design-led manufacturing capabilities in the ESDM sector, strengthening our expertise in precision engineering for electronics, solar industries, and semiconductors."

Preeti Rabindra, Director at ASM Technologies, added, "This initiative reflects our focus on expanding ASM's design-led manufacturing capabilities, creating advanced solutions for the ESDM sector, and building on our strong track record of innovation."

Existing Operations and Future Outlook

ASM Technologies currently operates two state-of-the-art manufacturing facilities:

  1. Dabaspet, Karnataka
  2. Sriperumbudur, Tamil Nadu

These facilities serve as core centers of excellence for the company's clients across key industry verticals. The new investment is expected to augment ASM's capabilities in design-led manufacturing and precision engineering, aligning with the Government of India's 'Make in India' initiative.

Global Presence

With over three decades of experience in Engineering Design-led Manufacturing, ASM Technologies has established a global footprint. The company maintains a presence in several countries, including:

  • United States
  • Singapore
  • United Kingdom
  • Canada
  • Japan
  • Thailand
  • Mexico

Upcoming Corporate Events

The company has also announced important dates for shareholders:

Event Date
Record Date Friday, September 19, 2025
Annual General Meeting (AGM) Friday, September 26, 2025

E-voting facilities will be provided to company members, with remote e-voting scheduled from Tuesday, September 23, 2025 (9:00 AM) to Thursday, September 25, 2025 (5:00 PM).

This expansion move by ASM Technologies underscores its commitment to innovation and global competitiveness in the ESDM sector, potentially opening new avenues for growth and excellence in the industry.

Historical Stock Returns for ASM Technologies

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+4.64%+23.12%+66.40%+265.63%+188.13%+6,888.82%
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ASM Technologies Sets Record Date for Final Dividend, Announces AGM Details

1 min read     Updated on 12 Sept 2025, 07:53 PM
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Reviewed by
Radhika SahaniScanX News Team
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Overview

ASM Technologies Limited has set September 19, 2025, as the record date for final dividend eligibility and e-voting rights. The Annual General Meeting is scheduled for September 26, 2025. Remote e-voting will be available from September 23 to 25, 2025. The company has engaged KFin Technologies Ltd for the e-voting process.

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*this image is generated using AI for illustrative purposes only.

ASM Technologies Limited has announced key dates for its upcoming Annual General Meeting (AGM) and final dividend distribution for the financial year ended 31st March 2025. The company has set Friday, 19th September 2025, as the record date for determining shareholders eligible for the final dividend and e-voting rights.

Annual General Meeting and E-Voting Schedule

The Annual General Meeting for ASM Technologies is scheduled to take place on Friday, 26th September 2025. Shareholders will have the opportunity to participate in remote e-voting, with the following timeline:

  • Commencement of remote e-voting: Tuesday, 23rd September 2025 at 9:00 AM
  • Conclusion of remote e-voting: Thursday, 25th September 2025 at 5:00 PM

Record Date and Dividend Eligibility

The record date of 19th September 2025 serves a dual purpose:

  1. Determining shareholders eligible for the final dividend (if declared at the AGM) for the financial year ended 31st March 2025
  2. Establishing the cut-off date for e-voting eligibility

Corporate Actions Timeline

Date Event
19th September 2025 Record Date for Dividend and E-voting
23rd September 2025 E-voting Commences (9:00 AM)
25th September 2025 E-voting Concludes (5:00 PM)
26th September 2025 Annual General Meeting

Vanishree Kulkarni, the Compliance Officer and Company Secretary of ASM Technologies Limited, confirmed these details in a communication to the BSE Limited on 12th September 2025. The company has engaged KFin Technologies Ltd as the service provider for the e-voting process.

Shareholders are advised to take note of these important dates to ensure their participation in the AGM and eligibility for the potential final dividend. The dividend, if declared at the AGM, will be paid to eligible shareholders based on the record date.

ASM Technologies Limited continues to maintain transparency and compliance with SEBI regulations by providing timely information to its shareholders and the stock exchange.

Historical Stock Returns for ASM Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+4.64%+23.12%+66.40%+265.63%+188.13%+6,888.82%
ASM Technologies
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