BSEResult2d ago · 7 Nov 2026, 05:21 pm
Enclosed
ASM Technologies Ltd · 526433
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ASM Technologies Ltd has released its unaudited financial results for the quarter and period ended 30th September 2026, in compliance with Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been prepared as per Indian Accounting Standards (Ind-AS) and have been taken on record at the meeting of the Board of Directors held on 7th November 2026. Limited Review Report of the Auditors for the financials (standalone & consolidated) for the period ended 30th September 2026 is also enclosed.
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ASM Technologies Ltd - 526433 - Results For The Period And Quarter Ended 30Th September 2026
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7th November, 2026
Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers,
25th Floor, Dalal Street,
Mumbai - 400 001.
Sub : Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 -- Unaudited Financial Results (standalone &
Consolidated) of the Company for the quarter and period ended 30th September,
2026
In compliance with Regulation 33(3) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 we herewith enclose the Unaudited Financial Results
(standalone & consolidated) of the Company for the quarter and period ended 30th
September 2026, prepared as per Indian Accounting Standards (Ind-AS) and which have
been taken on record at the meeting of the Board of Directors held today, 7th of November,
2026.
Limited Review Report of the Auditors for the financials (standalone& consolidated) for the
period ended 30th September, 2026 is also enclosed.
We have made arrangements to get the accounts published in one national newspaper and
one regional newspaper.
This is for your kind information.
Thanking You,
Sincerely,
For ASM Technologies Limited
Vanishree Kulkarni
Company Secretary and Compliance Officer(FCS:13306)
Address:80/2 Lussane Court
Richmond Road, Bangalore 560025
B.K, Ramadhyani I Co LLP
Chartered Accountants
INDIA
Independent Auditor’s Review Report on Review of Consolidated Unaudited Quarter
and Half Year Financial Results of the Company pursuant to the Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors
ASM Technologies Limited
Bengaluru
1. We have reviewed the accompanying statement of unaudited consolidated financial
results (“the Statement”) of ASM Technologies Limited (“the Parent”) and its
subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the
quarter and half year ended September 30, 2026 (“the Statement™) being submitted by
the Company pursuant to the requirement of Regulation 33 of Securities Exchange
Board of India (“SEBI”) (Listing Obligation and Disclosure Requirements)
Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5,
2016.
2. This Statement, which is the responsibility of the Parent’s management and approved
by the Parent’s Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in the Indian Accounting Standard
34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under Section 133 of
Companies Act, 2013 (“the Act”) as amended read with relevant rules issued thereunder
and other accounting principles generally accepted in India. Our responsibility is to
issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the
Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of
India. A review of Interim Financial Information consists of making inquiries, primarily
of persons responsible for financial and accounting matters and applying analytical and
other review procedures. A review is substantially less in scope than audit conducted
in accordance with Standards of Auditing and consequently does not enable us to obtain
assurance that we would become aware of all significant matters that might be identified
in an audit and accordingly, we do not express audit opinion.
4. The Statement includes the results of the following entities:
a. ASM Digital Technologies Inc., USA - Subsidiary
b. ASM Digital Technologies Pte Ltd, Singapore — Subsidiary
c. RV Forms & Gears LLP - Subsidiary
verted from Partnership firm “B K Ramadhyani & Co.,” (FRN No. 002878S) with effect from April 1, 2015
LLP Identification No. AAD-7041
48, Chitrapur Bhavan, No.68, 8t Main, 15 Cross, Malleshwararm, Bangalore— 560 055
Phone: +31 80 2346 4700 (6 Lines) Tele Fax: +91 80 2334 8964
& - mail: bkr@ramadhyani.com Web: www.ramadhyani.com
B.K, Ramadhyani el Co LLP
ASM Technologies KK, Japan — Subsidiary
ASM HHV Private Limited — Jointly controlled entity
ASM Digital Technologies Co Ltd, Thailand — Step-down subsidiary
ASM Engineering Pvt Limited, United Kingdom - subsidiary
ASM Digital Engineering Private Limited, United Kingdom - Step-down
subsidiary
i. ASM Technologies Viet Nam Company Limited, Vietnam — subsidiary
j. Asmaitha Wireless Technologies Private Limited.
5. Emphasis of Matter:
a. Attention is invited to Note 7 to the Statement, which describes the Company’s
non-current investments in Eclectic 1Q (formerly Polylogyx) and Lavelle
Networks Private Limited, carried at a cost of Rs. 8.03 million and Rs. 55.00
million respectively, with disclosed fair values of Rs. 12.65 million and Rs.
64.25 million. As stated in the note, the Company is in process of obtaining
valuation reports for these investments in accordance with Ind AS 109 —
Financial Instruments as at March 31, 2026 or current reporting period. Due to
certain restrictions, management is unable to obtain the necessary cash flow data
and other information required to perform a formal valuation as of the reporting
date. However, based on recent investments in these entities and expected
investments in the current year, management is of the opinion that there has
been a substantial increase in the value of these investments and that no
impairment exists as at the reporting date as represented to us.
b. Attention is invited to Note 8 of the Statement, which describes that the
Company has implemented a new ERP system, TCS iON™, which is presently
undergoing stabilisation. Management is in the process of addressing certain
system bugs, process deficiencies/inaccuracies or inconsistencies identified in
certain reports generated by the system. These included areas related to certain
opening balances fed at the time of implementation, inventory valuation,
amortisation of prepaid expenses, ageing of debtors and creditors, fixed asset
register and unbilled receivables. Company carried out necessary rectifications
to the extent identified outside the ERP system, including, in certain cases,
adjustments based on management estimates as may be required. Management
has represented that any unrectified errors or discrepancies remaining as of the
reporting date are not expected to have a material impact on the financial results.
Further, it is informed that Management will continue to undertake corrective
actions to stabilize the ERP system and to resolve the identified bugs, process
deficiencies and reporting inaccuracies.
We have not modified our opinion in respect of the above matters.
6. Other Matters:
i. We did not review the financial results of three foreign subsidiaries considered in
the preparation of this statement, which constitute total revenues of Rs.47.72
million and net loss of Rs.10.32 million for the half year ended September 30, 2026.
The unaudited financial results and other financial information in respect of three
B.K, Ramadhyani eI Co LLP
foreign subsidiaries are based on management certification and our opinion on the
statement, to the extent they have been derived from such financial results, is solely
on the basis of the said management certification. Our review report is not modified
in respect of this matter.
ii. The company has assessed goodwill of its new subsidiary Asmaitha Wireless
Technologies Private Limited based on the unaudited financial statements certified
by the management.
7. Based on our review conducted as above, nothing has come to our attention that causes
us to believe that the accompanying Statement of unaudited consolidated financial
results prepared in accordance with applicable accounting standards i.e. Indian
Accounting Standards prescribed under Section 133 of the Act, read with relevant rules
issued thereunder or by the Institute of Chartered Accountants of India and other
recognized accounting practices and policies has not d
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