Independent Director Mr. Ramanujam Venkatesh resigns from SPEL board

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AI summary

SPEL Semiconductor informed that Mr. Ramanujam Venkatesh (DIN: 07242631), Independent Director, has resigned from the board effective October 16, 2026, citing personal reasons. He also stepped down as Chairperson of the Audit Committee. He held no directorships in other listed entities, and confirmed no other material reasons for his exit. The company has not flagged any governance concerns.

Likely market impact

Audit Committee will need a new Chairperson. A single Independent Director exit for personal reasons is routine and should not materially affect the stock price.