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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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ASM Technologies Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. Rabindra Srikantan as Managing Director for a 5-year term from November 9, 2025 to November 8, 2030. His proposed remuneration is up to Rs. 3.6 crore per annum for the first 3 years (Nov 9, 2025 to Nov 8, 2028), which is marginally higher than his FY24-25 pay of Rs. 3.54 crore. Mr. Srikantan is the founder of the company and holds 60.64 lakh equity shares. E-voting begins on January 8, 2026 and ends on February 6, 2026, with the cut-off date being January 2, 2026 and results expected by February 10, 2026. The resolution is being passed as a Special Resolution through remote e-voting only.
This is a routine re-appointment of the founder-promoter as Managing Director with a small pay increase, signalling leadership continuity. Shareholder impact is minimal, and the resolution is likely to pass given Mr. Srikantan's promoter status and significant shareholding.