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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ASM Technologies Ltd raised Rs 170.13 crore through a preferential issue of equity shares and convertible warrants in March 2024. CRISIL Ratings Limited, acting as Monitoring Agency, confirmed that Rs 111.78 crore (66%) has been utilized by end of Q4 FY26, with Rs 86.50 crore deployed towards organic growth (land and equipment purchases) and Rs 25.28 crore for general corporate purposes. The remaining Rs 58.35 crore is parked in fixed deposits (Rs 8.75 crore) and SBI arbitrage mutual funds (Rs 49.39 crore), earning Rs 1.95 crore in returns. The monitoring agency reported no deviations from stated objects, no major deviations from prior reports, and no implementation delays. Funds utilization is progressing as planned for growth and acquisition objectives.
Shareholders can take comfort that the QIP proceeds are being deployed as disclosed with no deviations flagged by the independent monitoring agency. The company is slowly deploying funds towards organic growth while safely investing idle cash in low-risk instruments.