SPEL Semiconductor Plans Up To ₹500 Cr Fundraise Via Rights Issue/QIP

SPEL Semiconductor Ltd announced key decisions from its Board of Directors meeting held on July 20, 2026. The board approved the modernization and expansion of its semiconductor manufacturing facilities, including investments in advanced packaging and testing. It also authorized management to apply for government incentives under schemes like the India Semiconductor Mission and PLI. Furthermore, the company approved raising up to ₹500 Crores through a Rights Issue or QIP, and up to INR Rs.500 Crores via overseas fundraising instruments. An increase in authorized share capital from ₹60 Crores to ₹150 Crores and enhanced borrowing powers up to ₹500 Crores were also approved, subject to shareholder consent. A Fund Raising Committee has been constituted to oversee these initiatives.