SPEL Semiconductor reports Q1 2025 loss, announces board changes and land sale

SPEL Semiconductor Limited reported a total income of INR 235.62 lakhs for the quarter ended June 30, 2025, with revenue from operations at INR 193.39 lakhs and other income at INR 42.23 lakhs. The company recorded a loss of INR 5,58.78 lakhs for the quarter and year-to-date, with basic and diluted earnings per share at (INR 1.21). Total expenses for the quarter amounted to INR 4,78.12 lakhs.

The company's board approved the appointment of Dr. G. Nagarajan as an additional director and accepted the resignation of Dr. Enakshi Bhattacharya as an independent director. M/s. S Dhanapal & Associates LLP were appointed as secretarial auditors for five years, subject to shareholder approval. The board also approved the sale of open land in factory premises, pending member approval, to address negative cash flow and operating losses.

The unaudited financial results were approved by the board of directors on August 13, 2025, following recommendations from the audit committee. The statutory auditors conducted a limited review of these unaudited financial results.