ASM Technologies Ltd — Important, 20-02-2026: Company Update

ASM Technologies' Board has approved a strategic investment of Rs. 48 Crores to acquire a 20% stake in Myelin Foundry Private Limited. Myelin Foundry is a deep-tech AI company specializing in edge-native artificial intelligence for industrial applications. This move aims to integrate Myelin's AI solutions, like predictive maintenance and multimodal analytics, directly into ASM's engineering design and manufacturing portfolio. It's expected to bridge the gap between AI and the factory floor, improving operational efficiency and sustainability. Myelin Foundry reported a turnover of 5.64 Cr for FY25, 6.16 Cr for FY24, and 7.39 Cr for FY23.