Disclosure under the applicable provisions of Regulation 30, read with schedule III, Part- A, Para- A of Listing Regulation
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ASM Technologies has received a notice from BSE imposing a fine of Rs. 25.40 lakh (excluding GST) for non-compliance with SEBI's ICDR Regulations. The issue relates to the company failing to apply to BSE for listing of equity shares arising from conversion of warrants within the required 20-day window from the date of allotment. The company describes the lapse as technical and unintentional, with no willful disregard of the law. ASM plans to submit a response to BSE and seek a waiver of the fine under the prescribed procedure.
The financial hit is small at Rs. 25.4 lakh and the company says there is no material impact on operations or activities. Shareholders are unlikely to see any meaningful effect on the stock, though it highlights a procedural compliance gap that the company is working to resolve.