SPEL Semiconductor Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate pertains to the quarter ended March 31, 2026, and was signed by P. Balamurugan, Head Operations & Whole-Time Director.

Regulatory Compliance Certificate Details

The confirmation certificate was issued under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Cameo Corporate Services Limited, serving as the company's share transfer agent, provided the certificate confirming proper adherence to dematerialisation procedures during the reporting period.

Share Transfer Agent Confirmation

Cameo Corporate Services Limited confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within stipulated timeframes. The share transfer agent verified that all security certificates received for dematerialisation were mutilated and cancelled after due verification by depository participants.

The certificate also confirms that depositories' names have been substituted in the register of members as registered owners within the time limits specified under the captioned regulations. This ensures proper maintenance of shareholder records and compliance with regulatory frameworks.

Corporate Governance Compliance

The submission of this quarterly certificate demonstrates SPEL Semiconductor's commitment to maintaining transparency and regulatory compliance. Such certificates are mandatory under SEBI regulations to ensure proper functioning of the depository system and protection of investor interests.

The company's adherence to these reporting requirements reflects its commitment to corporate governance standards and regulatory compliance in the securities market.

SPEL Semiconductor has reported its Q4 financial results, showing a widening of net losses compared to the same period in the previous year. The semiconductor company's financial performance indicates continued challenges during the quarter.

Financial Performance Overview

The company's Q4 results reveal a net loss of ₹66 million, marking a substantial increase from the ₹48 million loss recorded in the corresponding quarter of the previous year. This represents an increase in losses of ₹18 million on a year-on-year basis.

| Financial Metric: | Q4 Current Year | Q4 Previous Year | Change || | ---: | :--- | :--- | :--- | | Net Loss: | ₹66 million | ₹48 million | +₹18 million |

Year-on-Year Comparison

The year-on-year comparison highlights the deterioration in the company's bottom-line performance. The increase in net losses suggests that SPEL Semiconductor faced operational or market challenges during the quarter that impacted its profitability.

The semiconductor industry has been experiencing various market dynamics, and these results reflect the company's performance within that context. The widening of losses indicates that the company's expenses exceeded its revenue generation capabilities during the reporting period.