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Awaiting price reaction for this filing.
ASM Technologies has filed the CRISIL Monitoring Agency report on how it has used the Rs 170 crore raised through a Preferential Issue (equity shares + convertible warrants) conducted in March 2024. As of June 30, 2025, the company has received Rs 115.22 crore out of the total Rs 170 crore, with Rs 40.72 crore coming in this quarter from warrant holders converting their warrants into equity shares. Of the amount received, Rs 91.49 crore has been utilised — Rs 66.21 crore towards funding organic and inorganic growth/acquisitions and Rs 25.28 crore for general corporate purposes. The remaining Rs 78.51 crore is parked, mostly in ICICI Bank fixed deposits earning 4.75%, and Rs 54.78 crore is yet to come in from warrant holders by September 7, 2025. There are no deviations from the stated objects and no delays in implementation.
Positive compliance signal — the company is using the raised funds as promised with no diversion. The conversion of warrants (Rs 40.72 crore this quarter) strengthens equity base, while the unutilised Rs 78.51 crore sitting in FDs suggests funds are ready for upcoming acquisitions or growth spend. Investors should watch for announcements on the inorganic growth plans that this capital was meant to fund.