AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2026

Going ConcernQualified OpinionPat NegativeRevenue DeclineExceptional ItemDebt Equity ThresholdResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹151.95

prior close

₹145.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+1.3% vs market

Other Electrical Equipment peers, median of 49sector+0.4%+1.5% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.5 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+0.7

15m

+1.7

30m

+4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.6+1.3+0.4+1.5

Next day

+0.7+1.7-1.0+1.9-1.2

+0.4+1.8-1.4+0.8-0.4

+0.5+3.4-2.9+1.7-1.2

+1.0+4.1-3.1+2.3-1.2

+0.6+4.1-3.5+2.5-1.8

+3.9+2.3+1.6-1.1+5.0

15d

-1.5+1.8-3.2-1.0-0.5

+1.4+10.8-9.4+4.2-2.9

+2.0+10.3-8.3+1.4+0.6

—+14.9—-2.1—

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SPEL Semiconductor reported a net loss of Rs. 2,384.11 lakhs for FY2025-26, compared to a loss of Rs. 2,104.56 lakhs in the previous year. Total income declined to Rs. 853.07 lakhs from Rs. 951.90 lakhs year-on-year. The company's auditor issued a Qualified Opinion citing material uncertainty about its ability to continue as a going concern due to: losses and negative cash flows, major employee resignations, breakdown of plant and machinery, and suspension of factory operations since January 2026. Trade receivables (Rs. 58.76 lakhs) and payables (Rs. 326.98 lakhs) remain unreconciled. The CFO was also terminated on May 19, 2026. Net worth has eroded to just Rs. 304.43 lakhs.

Likely market impact

This is an extremely negative development for shareholders. The qualified audit opinion with going concern doubts, combined with factory suspension, operating losses, and eroded net worth, signals severe financial distress. The stock carries high risk of delisting or liquidation if operational revival plans fail.