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Awaiting price reaction for this filing.
ASM Technologies has allotted 549,698 equity shares to four allottees (promoter S Rabindra and non-promoters Ajeet Modi, Aaryavardhan Modi, and Ajeet Modi HUF) following the conversion of warrants originally issued on a preferential basis on 20th March 2024. The shares were allotted at ₹470.70 each (₹10 face value + ₹460.70 premium), with the allottees paying the remaining 75% of the issue price amounting to about ₹19.39 crore. After this allotment, the company's paid-up capital stands at approximately ₹14.59 crore, comprising 1,45,88,598 equity shares. There are no warrants pending for conversion, and the newly issued shares will be subject to applicable lock-in requirements under SEBI regulations.
This is a routine warrant-to-equity conversion that increases the share count but does not bring in new external capital since the subscription money was received earlier. Minor dilution is expected, but no immediate price impact is anticipated as the conversion price was fixed over a year ago.