SPEL Semiconductor Ltd Board Approves Major Expansion and Funding Targets Up To $500 Crores

SPEL Semiconductor Ltd Board Approves Major Expansion and Funding Targets Up To $500 Crores​

SPEL Semiconductor Ltd, a leading entity in IC Assembly & Test operations, confirmed that its Board of Directors approved several significant strategic initiatives aimed at accelerating semiconductor manufacturing capacity and securing vital funding. The decisions were formalized during the meeting held on July 20, 2026.

The Board approved the modernization and expansion of the company’s core semiconductor manufacturing facilities. This comprehensive plan includes substantial investments into advanced packaging, testing infrastructure, automation systems, utilities, and related operational capabilities across the organization.

In a move designed to capitalize on industrial growth incentives, the company authorized management to submit applications under various Central and State Government schemes. These approved schemes include the e India Semiconductor Mission, the Production Linked Incentive (PLI) Schemes, Electronics Manufacturing Cluster Schemes, and other applicable state government semiconductor incentive policies.

Financial and Capital Restructuring Decisions​

The meeting formalized several key financial approvals, targeting both domestic equity fundraising and overseas investment capabilities.

SPEL Semiconductor Ltd received approval to raise up to $500 Crores through Rights Issues or Qualified Institutional Placement (QIP) via Equity Shares and other eligible securities. Simultaneously, the Board approved the capability to raise funds of up to INR Rs. 500 Crores through permissible overseas fundraising instruments, specifically Foreign Direct Investment (FDI) and Foreign Currency Convertible Bonds (FCCBs), subject to applicable approvals.

Key decisions regarding company structure and capacity enhancements include:


The Board also approved the constitutional measure to increase the Authorized Share Capital, subject to shareholder approval, and sanctioned the consequent alteration of Clause V of the Memorandum of Association. Furthermore, the company approved seeking shareholder approval under relevant corporate legislation for enhancing borrowing limits by up to €500 Crores.

To oversee the successful implementation of these large-scale initiatives, the Board established a dedicated Fund Raising Committee. This committee will comprise Directors and Key Managerial Personnel, tasked with implementing the approved fund-raising strategies, appointing intermediaries, and managing all necessary regulatory formalities.

Stock Price Movement​

SPEL Semiconductor Ltd settled at the close today, dipping 1.41% to ₹154.25. The shares saw a busy intraday session, moving through a range that spanned from a low of ₹150.00 to a high of ₹160.35.