SPEL Semiconductor shareholders approve all resolutions at 40th AGM

SPEL Semiconductor Limited announced that all seven resolutions proposed at its 40th Annual General Meeting (AGM) on September 26, 2025, were successfully passed. The AGM, conducted virtually, saw 108,055 shareholders on record as of the cut-off date, September 20, 2025.

Key resolutions passed include the adoption of audited financial statements, the re-appointment of dr. Nakkeeran Ekambaram as director, and the conversion of 6,95,00,000 rupees in unsecured loans into preference shares. Shareholder approval was also granted for the sale, lease, or disposal of the company's undertaking, the appointment of dr. Nagarajan Govindan as an independent director, and mr. Swaminathan Chandramohan acting as director beyond the age of seventy-five years. The appointment of a secretarial auditor also received approval.

Overall, 59.2077% of outstanding shares, totaling 27,305,075 votes, were polled across all resolutions. The resolutions generally saw very high approval rates, with some reaching nearly 100% in favor among polled votes. For instance, the adoption of financial statements received 99.9977% of votes in favor, while the conversion of unsecured loans garnered 91.9793% approval.