SPEL Semiconductor will hold its 41st Annual General Meeting to approve audited financial results and re-appoint a director.

Crucially, shareholders will vote on selling up to 3.7 acres of land.

The company also proposes to boost its authorized share capital from ₹60 Cr to ₹90 Cr.

Major fundraising plans include a Rights Issue of equity shares up to ₹500 Cr and a separate proposal to raise another ₹500 Cr via other securities.

Board borrowing limits are set to increase to ₹1,000 Cr, secured by company assets.

Additionally, preference shares worth ₹12.95 Cr and debentures worth ₹7 Cr will be redeemed, largely repaying promoter group holdings.

These proposals signal significant strategic and capital restructuring.