BSECompany Update6d ago · 13 Aug 2026, 09:47 pm
Enclosed
ASM Technologies Ltd · 526433
✦ AI SummaryFundraise
ASM Technologies Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, detailing the utilization of proceeds from a Preferential Issue of equity shares and convertible warrants.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
ASM Technologies Ltd - 526433 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Attachments (1)
📄pdf
Download →
280fa0c6-c495-45b6-9d59-061181b3a78b.pdf
View document text
13th August, 2026
Department of Corporate Services
Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers,
25th Floor, Dalal Street,
Mumbai - 400 001.
Dear Sir,
Reg : Monitoring Agency Report for the Quarter Ended 30th June 2026.
Pursuant to the Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Regulation 173A of the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, please find attached Monitoring Agency Report for the quarter
ended 30th June, 2026 issued by CRISIL Ratings Limited, Monitoring Agency towards utilisation
of the proceeds raised through Qualified Institutions Placement.
This is for your information and record please
Thanking You,
Sincerely,
For ASM Technologies Limited
Vanishree Kulkarni
Company Secretary & Compliance Officer
(FCS:13306)
Monitoring Agency Report
ASM Technologies Limited
for the quarter ended
June 30, 2026
CRL/MAR/ADVASYN/2026-27/1953
August 13, 2026
ASM Technologies Limited
80/2 Lusanne Court, Richmond Road,
Bengaluru- 560025
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of ASM
Technologies Limited (“the Company”)
Pursuant to Regulation 162A of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated February 28, 2024, enclosed herewith the
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of Preferential issue for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: ASM Technologies Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: ASM Technologies Limited
Names of the promoter: Mr. S Rabindra
Industry/sector to which it belongs: Computers - Software & Consulting
2) Issue Details
Issue Period: Friday, March 08, 2024, till Monday, March 12, 2024
Type of issue (public/rights): Preferential Issue
Type of specified securities: Equity shares and Convertible warrants
Issue size: Rs 170.13 crores* (Refer note 1 below, page no. 6)
*Crisil Ratings shall be monitoring the issue proceeds raised through issue of fully convertible share warrants and equity
shares
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/
certifications Comments of
Comments of
considered by the
Particulars Reply the Board of
Monitoring Agency Monitoring
Directors
for preparation of Agency
report
Proceeds have
been utilised
Statutory auditor towards
certificate^, funding
Management organic and
undertaking, Notice to inorganic
Whether all utilization is as per the disclosures
Yes Shareholders growth No Comments
in the Offer Document?
(hereinafter referred as opportunities
“Offer document”) and strategic
dated February 14, acquisitions as
2024, Bank Statements mentioned in
Notice to
Shareholders
Whether shareholder approval has been
obtained in case of material deviations from NA No Comments No Comments
expenditures disclosed in the Offer Document?
Whether the means of finance for the disclosed
No No Comments No Comments
objects of the issue has changed?
Is there any major deviation observed over the
No No Comments No Comments
earlier monitoring agency reports?
Source of information/
certifications Comments of
Comments of
considered by the
Particulars Reply the Board of
Monitoring Agency Monitoring
Directors
for preparation of Agency
report
Whether all Government/statutory approvals
NA No Comments No Comments
related to the object(s) have been obtained?
Whether all arrangements pertaining to Statutory auditor
technical assistance/collaboration are in NA certificate^, No Comments No Comments
operation? Management
Undertaking
Are there any favorable events improving the
No No Comments No Comments
viability of these object(s)?
Are there any unfavorable events affecting the
No No Comments No Comments
viability of the object(s)?
Is there any other relevant information that may
materially affect the decision making of the No No Comments No Comments
investors?
NA represents Not Applicable
^Certificate dated August 12, 2026, issued by M/s B.K. Ramadhyani & Co LLP, Chartered Accountants (Firm Registration
Number: 215398), Statutory Auditors of the Company.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of Comments of the Board of Directors
Original
information/
cost Revised
certification Particulars of
Sr. (as per the Cost Comment Reason of Proposed
Item considered by firm
No. Offer (Rs in of the MA Cost financing
Head MA for arrangements
Document) crore) revision Option
preparation of made
(Rs in crore)
report
Funding organic
and inorganic
Management
growth No
1 undertaking, 130.00 130.00 NA
opportunities Revision
Statutory
and strategic
auditor
acquisitions
certificate^,
General Notice to (Refer
2 corporate Shareholders 40.00 40.13 Note 1 on NA
purpose# page 6)
Total - 170.00 170.13 - -
^Certificate dated August 12, 2026, issued by M/s B.K. Ramadhyani & Co LLP., Chartered Accountants (Firm Registration Number:
215398), Statutory Auditors of the Company.
#The amount utilised for general corporate purposes does not exceed 24% of the issue proceeds (amounting to Rs 40.80 crore) as per
the Notice to Shareholders dated February 14, 2024.
Note 1: As per the Notice to Shareholders dated February 14, 2024, the amount to be raised from issue was Rs 170.13 crore.
However, the Company had allocated Rs
[Showing first 8,000 characters — download PDF for full document]