SPEL Semiconductor 41st AGM held on Sep 14, 2026; key resolutions passed
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SPEL Semiconductor held its 41st AGM on Sep 14, 2026 via video conferencing. Members transacted 10 resolutions including adoption of FY26 audited financials, re-appointment of director Mrs V Meenakshi, increase in authorized share capital, rights issue of equity shares, borrowing powers of the Board, raising funds up to 2500 crores, approval to sell or lease undertakings, and redemption of preference shares (12.95 cr) and debentures (7 cr). Chairman expressed confidence in improved performance. Voting results pending, to be shared within 48 hours.
Key items: potential 2500 cr fund raise, rights issue, and authorized capital hike signal equity dilution risk and capital expansion plans ahead.