SPEL Semiconductor Ltd — Board Meeting, 13-08-2025: Board Meeting

SPEL Semiconductor's board has approved the financial results for the quarter, reporting revenue of 0.84 Cr and a loss of 1.84 Cr. Auditors highlighted significant uncertainty about the company's ability to continue as a going concern due to ongoing losses and negative cash flows. Management clarified that historical inventory issues caused losses, adding that negative cash flow is being tackled through operational restructuring and a land sale, which members have already approved. The company also plans to seek government CapEx subsidies. Additionally, the board appointed a new Additional Director, noted an Independent Director's resignation, and appointed new Secretarial Auditors.