The Board of Directors of “SPEL” in the 201st Board Meeting held on Jan 14, 2026 approved and for the Plant Temporary suspension
The following reasons for Plant suspension
a. No support received from authorities during covid, compared to other countries/industries, thereby crippling Production capabilities & Cashflow. Promoters greatly assisted for several years
b. Extremely bureaucratic banking approach followed by IOB for several years with no concern whatsoever on business understanding
c. Incorrect Property Registration problems created by IndusInd Bank.
SPEL Semiconductor Limited is India’s first & only
Semiconductor IC Assembly & Test facility. SPEL pioneered the Outsourced
Semiconductor Assembly & Test Services (OSAT) market in India and
continues to steadily do so. SPEL is a trusted & strategic contract
manufacturing partner for many of the world's leading Semiconductor
companies.
