SPEL AGM Sep 14 - Rights Issue up to Rs 500 Cr, Land Sale and Borrowing Plan on Agenda
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SPEL Semiconductor's 41st AGM is on Sep 14, 2026 via video conferencing. Key items: rights issue up to Rs 500 crore, fund raising up to Rs 500 crore via QIP/ADRs/warrants, authorized share capital hike from Rs 60 crore to Rs 90 crore, borrowing cap raised to Rs 1,000 crore, and sale of 3.7 acre land at factory. Also proposes redemption of Rs 12.95 crore preference shares and Rs 7 crore debentures held by promoter group. Book closure Sep 7-14.
Capital raising plans up to Rs 1,000 crore combined and land sale signal restructuring. Shareholders may face dilution from rights issue or new equity.