ASM Technologies Approves Rs 48 Crore Investment In Myelin Foundry; Shares Fall 2.48% On February 20

ASM Technologies Ltd said on February 20, 2026 that its Board has approved a proposed investment of Rs 48 crore in Myelin Foundry Private Limited, according to a Regulation 30 disclosure filed with the Bombay Stock Exchange the same day.

Board Approves 20% Stake Acquisition In AI Firm

In its Board Meeting dated February 20, 2026, ASM Technologies Limited stated that the Board, at its meeting held from 8.30 am to 12.15 pm, approved the proposed investment in Myelin Foundry Private Limited.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The proposed investment amounts to Rs 48 crore in cash and will result in ASM Technologies acquiring a 20% shareholding in Myelin Foundry. The indicative timeline for completion of the transaction is 12 months. The company clarified that the transaction does not fall within the ambit of related party transactions.

Myelin Foundry operates in AI solutions, with a focus on edge-native artificial intelligence platforms. Its audited turnover stood at Rs 5,64,12,000 in FY 2024-25, compared with Rs 6,15,69,000 in FY 2023-24 and Rs 7,38,71,000 in FY 2022-23.

In the filing, ASM said the partnership is intended to integrate Myelin’s “edge-first” AI stack-covering predictive intelligence and multimodal analytics into its engineering design-led manufacturing portfolio. The proposed rollout areas include predictive maintenance, multimodal analytics combining sensor and vision data, AI-augmented operations, and energy optimisation use cases.

Myelin Foundry was incorporated in India on January 21, 2019. It also has a wholly owned subsidiary in the United States, Myelin Inc., incorporated in August 2023, to support overseas AI product deployment and business development.

Stock Market Snapshot

Shares of ASM Technologies Limited closed at Rs 2,572.70 on the BSE on February 20, 2026, down Rs 65.35 or 2.48% from the previous close of Rs 2,638.05, according to exchange data.

As of 3:51 pm IST, the stock had traded between a high of Rs 2,700.00 and a low of Rs 2,530.00. The company’s market capitalisation stood at approximately Rs 3.85K crore. The stock’s price-to-earnings ratio was 63.70, while its 52-week range spanned from Rs 1,077.75 to Rs 4,595.55.

Company Background

ASM Technologies Limited is engaged in engineering services and product development, with capabilities spanning design-led manufacturing and technology-driven industrial solutions.

The proposed investment marks an expansion into AI-led industrial applications, particularly in edge computing environments where data processing occurs on devices or machines rather than centralised data centres. Such architectures are typically deployed to reduce latency and enhance real-time decision-making in factory-floor settings.

Conclusion

The Rs 48 crore cash investment, subject to completion within 12 months, is positioned as a strategic move to integrate AI capabilities into ASM Technologies’ manufacturing-focused offerings, as per its February 20, 2026 regulatory filing. The market reaction on the day remained negative, with the stock closing lower by 2.48% on the BSE.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/89c464f3-767b-41b5-aff2-e372aa7450ff.pdf