ASM Technologies Ltd — Updates, 18-05-2025: Company Update

ASM Technologies Limited confirms no deviation in the use of funds raised through its Rs. 170 Cr preferential issue and Rs. 11.50 Cr rights issue. The proceeds have been primarily utilized for long-term working capital requirements, with Rs. 70.87 Cr used from the preference issue and Rs. 11.29 Cr from the rights issue. The Board approved the allotment of 8 lakh equity shares on a preferential basis and authorized forfeiture of 25,792 partly paid-up rights shares due to non-payment by shareholders. This reflects disciplined fund management and strict follow-up on pending share payments.