Meeting Details

The 41st Annual General Meeting (AGM) of SPEL Semiconductor Limited was held on Monday, September 14, 2026, at 10:20 AM through Video Conferencing/Other Audio Visual Means (OAVM).

The meeting commenced at 10:20 AM but was initially adjourned due to lack of quorum. It resumed at 10:40 AM after allowing reasonable time for members to join.

Mr. Swaminathan Chandramohan, Independent Director and Chairman, chaired the meeting. Ms. Nupur Garg, Company Secretary & Compliance Officer, facilitated the proceedings and explained the meeting procedure.

Voting Process

Remote e-voting facility was provided to members from Friday, September 11, 2026, at 10:00 AM IST until Monday, September 14, 2026, at 5:00 PM IST. Members present at the AGM who had not voted remotely were given an opportunity to vote through e-voting during the meeting.

Mr. N. Ramanathan, Designated Partner of S. Dhanapal & Associates LLP, was appointed as the Scrutinizer to supervise both remote e-voting and e-voting during the AGM. The Scrutinizer will submit a report within 48 hours of the meeting's conclusion, which will be submitted to BSE Limited and posted on the company's website.

Business Transacted

The following resolutions were presented and voted upon at the AGM:

1. Adoption of Audited Financial Statements - Ordinary Resolution

2. Appointment of Mrs. Meenakshi Venkatasubramanian (DIN: 10680038) as Director who retires by rotation under Section 152(6) of Companies Act, 2013 - Ordinary Resolution

3. Approval to Sell, Lease or otherwise dispose of whole or substantially the whole undertaking(s) of the Company - Special Resolution

4. Increase in Authorized Share Capital and amendment of Capital Clause of Memorandum of Association - Ordinary Resolution

5. Issue of Equity Shares on Rights Basis - Special Resolution

6. Borrowing Powers of the Board - Special Resolution

7. Creation of Charges/Mortgage on Properties of the Company under Section 180(1)(a) of Companies Act, 2013 - Special Resolution

8. Raising Funds Up To ₹2500 Crores Through Permissible Securities - Special Resolution

9. Redemption of Redeemable Preference Shares aggregating to ₹412,95,00,000 (Rupees Twelve Crore Ninety-Five Lakh only) - Ordinary Resolution

10. Redemption of Debentures aggregating to ₹7,00,00,000 (Rupees Seven Crore only) - Ordinary Resolution

Chairman's Address

The Chairman delivered a speech briefing members on the company's operational and financial performance for the financial year ended March 31, 2026. He outlined the company's operational plans and strategies and expressed confidence that performance would improve in the current year.

Member Interaction

The Chairman invited comments and questions from members who had registered as Speakers. Queries regarding business performance and operations were answered by the Chairman.

Conclusion and Thanks

The meeting concluded at 11:00 AM. Mr. P. Balamurugan, Whole-time Director, thanked the directors, members, and all invitees for attending.

Voting Results

The consolidated voting results from both remote e-voting and e-voting during the AGM will be communicated to the stock exchange and placed on the company's website after receipt of the Scrutinizer's report.