Spel Semiconductor News

SPEL Semi Conductor delays Q3FY26 results filing

SPEL Semi Conductor Limited informed BSE about delay in submitting Q3FY26 unaudited standalone financial results due to financial crisis and temporary plant suspension from January 14, 2026.

SPEL Semiconductor Reports Rs 18.05 Crore Loss for Quarter Ended September 30, 2025

SPEL Semiconductor Limited reported a net loss of Rs 18.05 crore for the quarter ended September 30, 2025, with auditors raising going concern doubts due to continued losses and negative cash flows. The company operates in integrated circuits manufacturing and is addressing operational challenges through restructuring and fund infusion via surplus land sales and lease rental loan enhancements.

SPEL Semiconductor Reports Rs 558.78 Lakh Loss for Quarter Ended June 30, 2025

SPEL Semiconductor Limited reported a net loss of Rs 558.78 lakh for the quarter ended June 30, 2025, compared to Rs 357.99 lakh loss in the same period last year. Revenue from operations declined to Rs 193.39 lakh from Rs 213.48 lakh year-over-year. The company faced exceptional items worth Rs 316.27 lakh, primarily due to inventory write-offs of Rs 370.37 lakh. Basic earnings per share stood at negative Rs 1.21. The Board appointed Dr. G. Nagarajan as Additional Director and accepted the resignation of Dr. Enakshi Bhattacharya as Independent Director. The company also approved the appointment of M/s. S Dhanapal & Associates LLP as Secretarial Auditors for 5 years and the sale of open land in factory premises, both subject to shareholder approval. The auditors noted material uncertainty regarding the company's ability to continue operations due to losses and negative cash flows, though management indicated plans to address these through operational restructuring and land sale proceeds.

SPEL Semiconductor Announces Leadership Changes and Quarterly Results with Going Concern Qualification

SPEL Semiconductor Limited's board approved several key decisions on August 13, 2025. The company appointed Dr. G. Nagarajan as Additional Director while Dr. Enakshi Bhattacharya resigned as Independent Director. The board also approved M/s. S Dhanapal & Associates LLP as Secretarial Auditors for 5 years and authorized the sale of open land in factory premises, both subject to shareholder approval. The company released unaudited financial results for the quarter ended June 30, 2025, which received a qualified review from auditors due to material uncertainty about the company's ability to continue as a going concern, citing losses and negative cash flows. The company operates in integrated circuit manufacturing and assembly, with losses attributed mainly to old finished goods from the pandemic period. Management plans to address operational challenges through restructuring and land sale proceeds, while seeking government subsidies under the Compound Semiconductor Scheme.

SPEL Semiconductor Schedules Board Meeting for August 13 to Approve Financial Results

SPEL Semiconductor Limited has scheduled a Board of Directors meeting for August 13, 2025, at 10:45 A.M. to consider and approve unaudited standalone financial results for the quarter and year ended June 30, 2025. The company has closed its trading window for designated persons and their immediate relatives from June 30, 2025, which will remain closed until 48 hours after the declaration of the financial results.