SPEL Board considered the
Audited Financial Results for the FY 2017-18. Reported revenue from
operations during the year was Rs. 41.66 Crs as against Rs.35.53 Crs
during FY 2016-17. The management was able to successfully implement
various cost effective measures, which reduced the loss during current
Financial Year.
Promoters of the Company are planning for further infusion of funds to
normalize the operations. The shareholders of the Company has passed a
Special Resolution during the year to incorporate a Wholly Owned
Subsidiary Company, in the name of SPEL Semiconductor Packaging Limited,
and the same was incorporated on Apr 3, 2018.
Management is also exploring the possibilities of augmenting Sales
through additional funding to attract new Customers & to meet Customer
specific requirements. |