SPEL Semiconductor Limited has filed its mandatory regulatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations for the financial year ended March 31, 2026. The disclosure represents the company's compliance with regulatory requirements regarding promoter shareholding and encumbrances.

Regulatory Compliance Filing

The company submitted its disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to BSE Limited on March 26, 2026. P. Balamurugan, Head Operations & Whole-Time Director (DIN: 07480881), communicated the filing to the stock exchange's Department of Corporate Services.

Promoter Declaration

Mrs. Valli Arun, promoter of SPEL Semiconductor Limited, submitted a formal declaration on April 1, 2026, on behalf of herself and the promoter group. The declaration addressed both BSE Limited and the company's Audit Committee, ensuring comprehensive regulatory compliance.

The promoter's declaration specifically stated that no additional encumbrances on shares of SPEL Semiconductor Limited were made directly or indirectly during the financial year ending March 31, 2026, beyond those already disclosed to stock exchanges.

Key Declaration Points

• No new encumbrances created on company shares during FY26 • Declaration covers both direct and indirect encumbrances • Compliance maintained with existing disclosure requirements • Filing made on behalf of entire promoter and promoter group

Corporate Governance

The filing demonstrates SPEL Semiconductor Limited's commitment to maintaining transparency in promoter shareholding matters. The dual communication to both the stock exchange and the company's Audit Committee reflects adherence to corporate governance standards and regulatory compliance protocols.

The company's systematic approach to regulatory filings ensures stakeholders remain informed about promoter group activities and shareholding patterns, maintaining market transparency as required under SEBI regulations.

SPEL Semi Conductor Limited has formally notified BSE Limited about the delay in submission of its unaudited standalone financial results for the quarter ended December 31, 2025. The company's disclosure, dated February 13, 2026, cites operational challenges that have prevented timely compliance with regulatory requirements.

Reason for Delay

The company has attributed the delay to a financial crisis that resulted in temporary suspension of plant operations from January 14, 2026. This operational disruption has prevented the completion of the audit process required for the quarterly financial results.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 33 of the SEBI (LODR) Regulations 2015 and circular no. CIR/CFD/CMD-1/142/2018 dated November 19, 2018. The company was required to submit its unaudited standalone financial results within the prescribed timeline under these regulations.

SPEL Semi Conductor had previously communicated about the production temporary suspension to BSE on January 14, 2026. The current communication serves as a formal disclosure of reasons for the delay in financial results submission, as required under regulatory guidelines.

Company Response

The company has requested BSE to consider the disclosed reasons as compliance with the requirements specified in the SEBI circular. The communication was signed by P. Balamurugan, Head Operations & Whole-Time Director (DIN: 07480881), emphasizing the company's commitment to maintaining transparency with regulatory authorities and stakeholders despite operational challenges.