ASM Technologies Ltd — Updates, 15-05-2025: Company Update

ASM Technologies has announced a Monitoring Agency Report by Crisil Ratings on the utilization of Rs 170 Cr raised via a Preferential Issue involving equity shares and convertible warrants. Of the proceeds, Rs 49.84 Cr was utilized by end of the quarter, mainly towards organic growth and strategic acquisitions, while Rs 70.87 Cr remained unutilized. The company partly funded activities through internal accounts for smoother execution. Unutilized funds included Rs 3.63 Cr in the designated account and Rs 95.50 Cr pending receipt from warrant holders. No deviations from the stated use of proceeds or delays in implementation were noted, indicating disciplined fund management.