StockWatch
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Computers - Software & Consulting
AGM/EGM25 Sept 2026, 04:23 pm

ASM Technologies Issues Corrigendum for EGM on Preferential Issue

AI Summary

ASM Technologies Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, originally dated September 11, 2026. This corrigendum, issued on September 25, 2026, clarifies details regarding a proposed preferential issue of equity shares. The EGM, scheduled for October 4, 2026, will seek shareholder approval for raising up to ₹525.99 crore by issuing 10,78,974 equity shares to QIB and Non-QIB investors. The proceeds will be utilized for various purposes as determined by the Board. This corrigendum is an integral part of the original EGM notice.

Key Highlights

  • Corrigendum issued for EGM notice regarding preferential issue.
  • Company plans to raise up to ₹525.99 crore via preferential issue.
  • Issue involves 10,78,974 equity shares to QIB and Non-QIB investors.
  • EGM scheduled for October 4, 2026, via Video Conferencing.
  • Proceeds to be utilized for purposes determined by the Board.