ASM Technologies Ltd.

BSE: 526433 | NSE:
Small Cap | IT - Software
2897.55
23.35 (0.81%)
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Asm Technologies informs about board decision

Date: 14-01-2022
Asm Technologies has informed that the Board of Directors of the Company at their meeting held today, 14th January 2022. The Board of Directors has considered and approved filing of Draft Letter of Offer with revised payment terms and call structure with the exchange for raising of funds through issuance and allotment of partly paid up equity shares of ? 10 each (Equity Shares) to the eligible equity shareholders of the Company on a Rights basis, on such terms and at such price and ratio as may be decided by the Board at a later date, as on the record date (to be notified subsequently), for an amount aggregating upto ? 11.5 crores, subject to receipt of in-principle approval of the exchange, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and rules made thereunder, as amended from time to time (Rights Issue).

The above information is a part of company’s filings submitted to BSE