SPEL Semiconductor AGM Notice with Major Resolutions

Key Dates

• Board Meeting Date: Aug 20, 2026
• Book Closure Period: Sep 7, 2026 to Sep 14, 2026 (both days inclusive)
• Cut-off Date: Sep 7, 2026
• e-Voting Period: Sep 11, 2026 at 10:00 AM IST to Sep 13, 2026 at 5:00 PM IST
• AGM Date: Sep 14, 2026 at 10:20 AM IST through Video Conferencing/Other Audio-Visual Mechanism

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Financial Statements: To receive, consider and adopt the Balance Sheet as at Mar 31, 2026, Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in Equity, together with Reports of Directors and Auditors.

2. Director Re-appointment: To appoint Dr. Venkatasubramanian V Meenakshi (DIN: 10680038) who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

3. Sale of Land Asset: Special Resolution to authorize sale/transfer/disposal of land not exceeding 3.7 Acres situated at 5, CMDA Industrial Estate, Maraimalai Nagar. The Board is authorized to determine consideration, timing, terms and conditions.

4. Increase in Authorized Share Capital: Ordinary Resolution to increase authorized share capital from ₹60,00,00,000 (₹60 Crores) divided into:

• ₹47,00,00,000 (4,70,00,000 Equity Shares of ₹10 each)
• ₹13,00,00,000 (13,00,000 Preference Shares of ₹100 each)

To ₹90,00,00,000 (₹90 Crores) divided into:

• ₹77,00,00,000 (7,70,00,000 Equity Shares of ₹10 each)
• ₹13,00,00,000 (13,00,000 Preference Shares of ₹100 each)

5. Rights Issue: Special Resolution to issue Equity Shares for an amount not exceeding ₹500 Crores (Rupees Five Hundred Crores) in multiple tranches to existing eligible equity shareholders on a rights basis. The Board is authorized to determine rights entitlement ratio, price, terms, and conditions, including renunciation rights and underwriter arrangements.

6. Borrowing Powers: Special Resolution to authorize Board to borrow money up to ₹10,00,00,00,000 (Rupees One Thousand Crores Only) from banks, financial institutions, foreign lenders, through various instruments including floating rate notes, fixed rate notes, syndicated loans, debentures, commercial papers, etc.

7. Creation of Charges: Special Resolution to authorize creation of mortgage/pledge/hypothecation/lien/charge on company properties (movable/immovable, present/future) to secure borrowings up to ₹1000 Crores (Rupees One Thousand Crores Only) plus interest and other charges.

8. Fundraising Through Various Securities: Special Resolution to raise funds up to ₹500 Crores through issuance of Equity Shares, Preference Shares, Convertible Securities, FCCBs, GDRs, ADRs, QIP, FDI, CCDs, CCPS, warrants or any other equity-linked or debt-linked securities.

9. Redemption of Preference Shares: Ordinary Resolution for redemption of 12,95,000 Cumulative Non-Convertible Redeemable Preference Shares of ₹100 each, aggregating ₹12,95,00,000 (Rupees Twelve Crore Ninety-Five Lakh only) held by Dr. A. C. Muthiah (Promoter).

10. Redemption of Debentures: Ordinary Resolution for redemption of:

• 350,000 10% Convertible Debentures of ₹100 each (₹3,50,00,000) held by Dr. A. C. Muthiah (Promoter)
• 350,000 10% Convertible Debentures of ₹100 each (₹3,50,00,000) held by Mrs. Devaki Muthiah (Promoter Group Member)
• Total redemption: ₹7,00,00,000 (Rupees Seven Crore only) plus accrued interest

Additional Information

• AGM Notice available on company website: http://natronix.net/SPEL.html
• Company CIN: L32201TN1984PLC011434
• Company Email: ca@spel.com