REMOVAL OF CFO
Price
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SPEL Semiconductor Ltd has announced the removal of Mr. Thiruvenkatachari Parthasarathy as Chief Financial Officer (CFO) effective close of business hours on May 19, 2026. The removal was due to continuous absence from office. The company filed this disclosure under SEBI (LODR) Regulations, 2015. The filing was signed by P. Balamurugan, Head Operations & Whole-Time Director. No brief profile or disclosure of relationships was provided in the annexure.
The removal of the CFO due to continuous absence may raise governance concerns for investors. The sudden departure of a key financial officer without a replacement announced could create uncertainty about financial oversight and reporting timelines.