1. ₹760 crore dual-state DLM expansion - ASM signed MoUs with Karnataka (₹510 crore, Dabaspet) and Tamil Nadu (₹250 crore, Sriperumbudur) to build ESDM-focused design and manufacturing facilities, with Karnataka land allotment completed by December 2025 and construction starting once final agreements are signed. Each facility is planned to be operational 18-24 months after land acquisition, adding precision engineering capacity for electronics, semiconductor, and solar sectors - with central and state incentives covering roughly 50% of machinery costs.
2. ECMS approval - ₹565 crore capital equipment manufacturing - ASM received approval under the Electronics Component Manufacturing Scheme in March 2026 to manufacture high-precision capital equipment for electronics manufacturing, with a committed investment of ₹565 crore. The approval places ASM among 29 MeitY-cleared proposals and opens a direct route into India's subsidised electronics component supply chain.
3. Two new facilities commissioned in FY26 - ASM commissioned two Bengaluru facilities during FY26, taking total manufacturing plants from four to six. With capacity utilisation at 80-85% as of Q2 FY26, the added floor space removes the near-term bottleneck for DLM revenue, with output from the latest facility expected from Q4 FY26 onward.
4. RV Forms & Gears - highest turnover in 53 years - The now wholly-owned precision engineering subsidiary recorded nearly 2.5x growth in FY25, driven by electronics manufacturing demand, while its automotive division grew close to 50% and it secured first-time orders from a leading German machine tool manufacturer. Repeat orders from an American manufacturer of commercial-duty transmissions and off-highway gearboxes for both India and US facilities confirm the subsidiary's traction as a standalone earnings contributor.
5. Myelin Foundry - ₹48 crore AI integration - ASM signed definitive agreements to acquire a 20% stake in deep-tech AI company Myelin Foundry for ₹48 crore, integrating its edge-first AI stack for predictive maintenance, multimodal analytics, and AI-augmented operations into ASM's DLM portfolio. The partnership embeds AI capabilities directly into ASM's manufacturing and engineering offerings across semiconductor, electronics, and solar verticals.
6. Vietnam subsidiary - global manufacturing footprint - ASM registered a wholly-owned subsidiary in Vietnam in November 2025 for engineering design-led manufacturing and is in the process of completing preliminary setup. Vietnam adds a strategic low-cost manufacturing hub to ASM's existing presence across the US, Singapore, UK, Canada, Japan, Thailand, and Mexico, supporting global delivery for DLM contracts.
7. Asmaitha Wireless - ₹80 crore embedded systems acquisition - ASM's board approved a ₹79.57 crore investment for a 51% stake in Asmaitha Wireless Technologies, which designs IoT modules, medical wearables, and telecom infrastructure equipment, with a Share Purchase Agreement expected to be executed within 90 days. The acquisition brings in-house embedded systems and wireless capabilities, broadening the DLM portfolio into connected devices and telecom equipment manufacturing.