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Awaiting price reaction for this filing.
ASM Technologies has submitted the CRISIL Ratings Monitoring Agency Report for the quarter ended September 30, 2025, covering the use of proceeds from its Rs 170.13 crore Preferential Issue (equity shares and convertible warrants) conducted in March 2024. The company has utilized Rs 91.49 crore so far - Rs 66.21 crore towards funding organic and inorganic growth and strategic acquisitions, and Rs 25.28 crore for general corporate purposes. No amount was utilized during the reported quarter. The remaining Rs 78.64 crore of unutilized proceeds is parked in ICICI Bank fixed deposits (~Rs 24.25 crore at 4.75-5.50% interest) and SBI Arbitrage Mutual Fund (~Rs 49.39 crore). During Q2 FY26, the company received the final Rs 54.91 crore from warrant holders converting warrants into equity shares, completing the full receipt of issue proceeds. There are no deviations from stated objects, no delays, and no material issues flagged.
For shareholders, this is largely a routine compliance filing with no negative flags - no deviations, no idle fund concerns, and unutilized proceeds are conservatively parked in FDs and arbitrage funds earning returns. The slow deployment of capital (only ~54% utilized after ~18 months) means investors are awaiting clarity on inorganic growth and acquisition plans, which could be a near-term catalyst if announced.