About Spel Semiconductor Limited
Data last updated: 15 July 2026
Spel Semiconductor Limited is a public limited company based in Maraimalai Nagar, Tamil Nadu, India, a subsidiary of Natronix Semiconductor Technology Private Limited. It specialises in semiconductor products and services, a part of the broader technology and IT services sector. Incorporated on 26 December 1984, the company has been in operation for over 42 years.
Registered with ROC Chennai under CIN L32201TN1984PLC011434. Listed on BSE: 517166.
Capital: an authorised share capital of ₹60 Cr and a paid-up capital of ₹59.08 Cr. Formerly known as Spic Electronic and System Limited and Spic Electronics and Systems Limited. It is led by directors including Venkatesh Ramanujam and Nakkeeran Ekambaram.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: 5 Cmda Industrial Estate, Maraimalai Nagar, Tamil Nadu, India – 603209.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹6.28 Cr, a decline of 20.14% compared to the previous year. The net worth stands at ₹3.04 Cr (down 76.42% YoY). Total assets are valued at ₹115.02 Cr (down 10.21% YoY).
The company has a workforce of approximately 112 employees as per the latest available data. It operates as a subsidiary of Natronix Semiconductor Technology Private Limited.
The company is associated with 2 brands - Spel Semiconductor, Natronix. As per MCA filings, the company has open charges of ₹20.75 Cr and satisfied charges of ₹65.17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website natronix.net.
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Registered Address5 Cmda Industrial Estate, Maraimalai Nagar, Tamil Nadu, India – 603209
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IndustryInformation Technology, Semiconductor Products & Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Spel Semiconductor Limited
Spel Semiconductor Limited has undergone 3 name changes throughout its history. The company was previously known as Spic Electronic And System Limited, Spic Electronics And Systems Limited, and Spic Electronics And Systems Private Limited. The current legal name is Spel Semiconductor Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Spel Semiconductor Limited | Current |
| Spic Electronic And System Limited | Previous |
| Spic Electronics And Systems Limited | Previous |
| Spic Electronics And Systems Private Limited | Previous |
Associated Brands with Spel Semiconductor Limited
Spel Semiconductor Limited operates two associated brands: SPEL semiconductor and Natronix. These brands represent Spel Semiconductor Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Outsourced semiconductor assembly and test services are provided in India. | spel.com | |
| Specializes in semiconductor packaging and design services. | natronix.net |
Business Activity of Spel Semiconductor Limited
Spel Semiconductor Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Manufacturing | Locked | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Detailed business activity records for Spel Semiconductor Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Spel Semiconductor Limited
Spel Semiconductor Limited is audited by Venkatesh & Co (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Venkatesh & Co (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Spel Semiconductor Limited
Spel Semiconductor Limited is currently managed by 6 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Ramanujam | Director | 29 May 2024 | 2 Years 2 Months | Current |
|
Nakkeeran Ekambaram
Also directs:
Brainwave Biotechnology Private Limited
|
Director | 28 Jul 2023 | 3 Years 0 Months | Current |
| Venkatasubramanian V Meenakshi | Director | 24 Jun 2024 | 2 Years 1 Months | Current |
| Nagarajan Govindan | Director | 13 Aug 2025 | 1 Years 0 Months | Current |
| Swaminathan Chandramohan | Director | 11 Feb 2019 | 7 Years 6 Months | Current |
|
Palanichamy Balamurugan
Also directs:
Spel Semiconductor Packaging Limited
|
Whole-Time Director | 14 Feb 2023 | 3 Years 6 Months | Current |
Financials of Spel Semiconductor Limited FY 2026 filings available
Spel Semiconductor Limited reported revenue of ₹6.28 Cr (down 20.14% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6.28 Cr | ₹7.86 Cr | ₹12 Cr | ₹11.16 Cr | ₹15.65 Cr | ₹15.92 Cr | ₹26.34 Cr |
| Other Income | ₹2.25 Cr | ₹1.65 Cr | ₹1.41 Cr | ₹6.96 Cr | ₹1.36 Cr | ₹5.45 Cr | ₹4.86 Cr |
| Total Income | ₹8.53 Cr | ₹9.52 Cr | ₹13.41 Cr | ₹18.13 Cr | ₹17 Cr | ₹21.37 Cr | ₹31.2 Cr |
| Cost of Materials Consumed | ₹1.41 Cr | ₹2.92 Cr | ₹4.77 Cr | ₹6.68 Cr | ₹4.59 Cr | ₹4.83 Cr | ₹9 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹10.21 Lakh | -₹6.04 Lakh | ₹1.97 Lakh | -₹12.73 Cr | -₹91.82 Lakh | ₹12.53 Lakh | ₹72.35 Lakh |
| Employee Benefit Expense | ₹2.54 Cr | ₹3.91 Cr | ₹3.95 Cr | ₹7.49 Cr | ₹7.04 Cr | ₹7.08 Cr | ₹12.56 Cr |
| Finance Costs | ₹5.06 Cr | ₹2.88 Cr | ₹2.57 Cr | ₹2.56 Cr | ₹86.41 Lakh | ₹1.16 Cr | ₹2.84 Cr |
| Depreciation & Amortisation | ₹1.14 Cr | ₹2.01 Cr | ₹2.88 Cr | ₹3.95 Cr | ₹4.69 Cr | ₹4.3 Cr | ₹5.15 Cr |
| Other Expenses | ₹3.29 Cr | ₹6.77 Cr | ₹5.83 Cr | ₹5.78 Cr | ₹6.62 Cr | ₹9.51 Cr | ₹11.94 Cr |
| Total Expenses | ₹13.55 Cr | ₹18.44 Cr | ₹20.02 Cr | ₹13.73 Cr | ₹22.89 Cr | ₹27.02 Cr | ₹42.21 Cr |
| Profit Before Exceptional Items & Tax | -₹5.02 Cr | -₹8.92 Cr | -₹6.61 Cr | ₹4.39 Cr | -₹5.88 Cr | -₹5.64 Cr | -₹11.01 Cr |
| Exceptional Items | -₹18.82 Cr | -₹12.57 Cr | -₹9.76 Cr | -₹8.91 Cr | -₹5.67 Cr | -₹2.8 Cr | ₹0 |
| Profit Before Tax | -₹23.84 Cr | -₹21.49 Cr | -₹16.37 Cr | -₹4.52 Cr | -₹11.55 Cr | -₹8.44 Cr | -₹11.01 Cr |
| Total Tax Expense | ₹0 | -₹44.35 Lakh | ₹41.78 Lakh | -₹1.43 Cr | ₹28.93 Lakh | ₹19.17 Lakh | -₹27.28 Lakh |
| Net Profit | -₹23.84 Cr | -₹21.05 Cr | -₹16.79 Cr | -₹3.09 Cr | -₹11.84 Cr | -₹8.64 Cr | -₹10.74 Cr |
| Other Comprehensive Income | ₹13.97 Cr | ₹0 | ₹33.8 Lakh | -₹12.44 Lakh | -₹32.82 Lakh | ₹1.64 Cr | ₹2.83 Lakh |
| Total Comprehensive Income | -₹9.87 Cr | -₹21.05 Cr | -₹16.45 Cr | -₹3.21 Cr | -₹12.17 Cr | -₹7 Cr | -₹10.71 Cr |
| EBITDA (computed) | ₹1.18 Cr | -₹4.03 Cr | -₹1.16 Cr | ₹10.91 Cr | -₹32.78 Lakh | -₹17.36 Lakh | -₹3.02 Cr |
| Basic EPS | ₹-5.17 | ₹-4.56 | ₹3.64 | ₹-0.67 | ₹-2.57 | ₹-1.87 | ₹-2.33 |
| Diluted EPS | ₹-5.17 | ₹-4.56 | ₹3.64 | ₹-0.67 | ₹-2.57 | ₹-1.87 | ₹-2.33 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹115.02 Cr | ₹128.1 Cr | ₹145.5 Cr | ₹163.58 Cr | ₹177.02 Cr | ₹166.43 Cr | ₹163.42 Cr |
| Non-current Assets | ₹75.19 Cr | ₹72.96 Cr | ₹75.19 Cr | ₹78.23 Cr | ₹112.97 Cr | ₹113.87 Cr | ₹123.32 Cr |
| Current Assets | ₹3.92 Cr | ₹55.13 Cr | ₹39.51 Cr | ₹85.35 Cr | ₹64.05 Cr | ₹52.57 Cr | ₹40.1 Cr |
| Property, Plant & Equipment | ₹25.33 Cr | ₹23.37 Cr | ₹25.66 Cr | ₹28.7 Cr | ₹112.03 Cr | ₹112.91 Cr | ₹122.09 Cr |
| Inventories | ₹2.96 Cr | ₹23.09 Cr | ₹37.25 Cr | ₹50.57 Cr | ₹11.89 Cr | ₹10.59 Cr | ₹4.46 Cr |
| Trade Receivables | ₹58.76 Lakh | ₹77.63 Lakh | ₹1.17 Cr | ₹1.85 Cr | ₹48.62 Cr | ₹40.4 Cr | ₹4.36 Cr |
| Cash & Equivalents | ₹14,000 | ₹16,000 | ₹32,000 | ₹41,000 | ₹72,000 | ₹1.15 Lakh | ₹89,000 |
| Equity (Net Worth) | ₹3.04 Cr | ₹12.91 Cr | ₹33.08 Cr | ₹49.53 Cr | ₹60.53 Cr | ₹72.04 Cr | ₹77.55 Cr |
| Equity Share Capital | ₹46.12 Cr | ₹46.12 Cr | ₹46.13 Cr | ₹46.13 Cr | ₹46.13 Cr | ₹46.13 Cr | ₹46.13 Cr |
| Borrowings (Non-current) | ₹10.83 Cr | ₹20.53 Cr | ₹20.37 Cr | ₹19.09 Cr | ₹25.58 Cr | ₹18.18 Cr | ₹13.64 Cr |
| Borrowings (Current) | ₹10.05 Cr | ₹10.47 Cr | ₹7.54 Cr | ₹6.21 Cr | ₹5.78 Cr | ₹11.75 Cr | ₹8.69 Cr |
| Total Debt (computed) | ₹20.87 Cr | ₹31 Cr | ₹27.9 Cr | ₹25.31 Cr | ₹31.35 Cr | ₹29.93 Cr | ₹22.33 Cr |
| Current Liabilities | ₹75.17 Cr | ₹72.02 Cr | ₹68.52 Cr | ₹71.13 Cr | ₹64.32 Cr | ₹49.54 Cr | ₹44.31 Cr |
| Total Liabilities | ₹111.98 Cr | ₹115.18 Cr | ₹112.42 Cr | ₹114.05 Cr | ₹116.48 Cr | ₹94.39 Cr | ₹85.87 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹12.94 Cr | -₹1.67 Cr | -₹8.83 Cr | -₹3.23 Cr | -₹22.11 Cr |
| Investing Cash Flow | ₹2.24 Cr | ₹1.45 Cr | ₹8.8 Cr | ₹11.61 Cr | ₹21.35 Cr |
| Financing Cash Flow | -₹15.19 Cr | ₹21.63 Lakh | ₹2.88 Lakh | -₹8.39 Cr | ₹76.23 Lakh |
| Capital Expenditure | ₹9.79 Lakh | ₹0 | -₹30.56 Lakh | ₹50.33 Lakh | ₹3.81 Cr |
| Free Cash Flow (computed) | ₹12.85 Cr | -₹1.67 Cr | -₹9.14 Cr | -₹3.73 Cr | -₹25.92 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹5,000 | -₹17,000 | -₹10,000 | -₹30,000 | -₹42,900 |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2.18 Cr | ₹63.27 Lakh | ₹1.53 Cr | ₹1.93 Cr | ₹2.45 Cr | ₹1.89 Cr | ₹1.39 Cr | ₹1.93 Cr |
| Other Income | ₹81.08 Lakh | ₹53.99 Lakh | ₹47.78 Lakh | ₹42.23 Lakh | ₹47.11 Lakh | ₹42.75 Lakh | ₹34.05 Lakh | ₹42.23 Lakh |
| Total Income | ₹3 Cr | ₹1.17 Cr | ₹2.01 Cr | ₹2.36 Cr | ₹2.92 Cr | ₹2.31 Cr | ₹1.73 Cr | ₹2.36 Cr |
| Cost of Materials Consumed | -₹16.79 Lakh | ₹56.59 Lakh | ₹52.69 Lakh | ₹48.87 Lakh | ₹1.04 Cr | ₹59.79 Lakh | ₹46.48 Lakh | ₹48.87 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹9.24 Lakh | ₹2.23 Lakh | -₹9.55 Lakh | ₹8.29 Lakh | ₹1.26 Lakh | ₹1.89 Lakh | -₹3.42 Lakh | ₹8.29 Lakh |
| Employee Benefit Expense | ₹50.56 Lakh | ₹60.34 Lakh | ₹70.18 Lakh | ₹73.26 Lakh | ₹1.69 Cr | ₹74.2 Lakh | ₹71.89 Lakh | ₹73.26 Lakh |
| Finance Costs | ₹1.78 Cr | ₹60.28 Lakh | ₹66.84 Lakh | ₹2 Cr | ₹79.08 Lakh | ₹62.53 Lakh | ₹76.1 Lakh | ₹2 Cr |
| Depreciation & Amortisation | ₹27.65 Lakh | ₹28.77 Lakh | ₹28.59 Lakh | ₹29.29 Lakh | -₹1.77 Lakh | ₹67.41 Lakh | ₹67.43 Lakh | ₹29.29 Lakh |
| Other Expenses | ₹77,000 | ₹1.07 Cr | ₹1.03 Cr | ₹1.18 Cr | ₹2.46 Cr | ₹1.22 Cr | ₹1.59 Cr | ₹1.18 Cr |
| Total Expenses | ₹2.5 Cr | ₹3.15 Cr | ₹3.12 Cr | ₹4.78 Cr | ₹5.98 Cr | ₹3.88 Cr | ₹4.18 Cr | ₹4.78 Cr |
| Profit Before Exceptional Items & Tax | ₹49.84 Lakh | -₹1.98 Cr | -₹1.12 Cr | -₹2.43 Cr | -₹3.05 Cr | -₹1.57 Cr | -₹2.45 Cr | -₹2.43 Cr |
| Exceptional Items | ₹27.19 Lakh | -₹4.58 Cr | -₹11.35 Cr | -₹3.16 Cr | -₹5.32 Cr | -₹3.29 Cr | -₹2.22 Cr | -₹3.16 Cr |
| Profit Before Tax | ₹77.03 Lakh | -₹6.56 Cr | -₹12.47 Cr | -₹5.59 Cr | -₹8.37 Cr | -₹4.86 Cr | -₹4.67 Cr | -₹5.59 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | -₹37.59 Lakh | -₹3.3 Lakh | -₹2.25 Lakh | ₹0 |
| Net Profit | ₹77.03 Lakh | -₹6.56 Cr | -₹12.47 Cr | -₹5.59 Cr | -₹8 Cr | -₹4.82 Cr | -₹4.65 Cr | -₹5.59 Cr |
| Other Comprehensive Income | ₹6.68 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹24.24 Lakh | ₹0 | ₹0 |
| Total Comprehensive Income | ₹7.45 Cr | -₹6.56 Cr | -₹12.47 Cr | -₹5.59 Cr | -₹8 Cr | -₹4.58 Cr | -₹4.65 Cr | -₹5.59 Cr |
| EBITDA (computed) | ₹2.56 Cr | -₹1.09 Cr | -₹16.11 Lakh | -₹12.77 Lakh | -₹2.28 Cr | -₹26.63 Lakh | -₹1.01 Cr | -₹12.77 Lakh |
| Basic EPS | ₹0.17 | ₹-1.42 | ₹-2.70 | ₹-1.21 | ₹-1.73 | ₹-1.05 | ₹-1.01 | ₹-1.21 |
| Diluted EPS | ₹0.17 | ₹-1.42 | ₹-2.70 | ₹-1.21 | ₹-1.73 | ₹-1.05 | ₹-1.01 | ₹-1.21 |
Shareholding Pattern of Spel Semiconductor Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 59.17%, foreign institutional investors hold 0.02%, domestic institutional investors hold 0.02%, retail and other public shareholders hold 40.79% of Spel Semiconductor Limited. The company had 109,999 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% | 59.17% |
| Public | 40.83% | 40.83% | 40.83% | 40.83% | 40.83% | 40.83% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 59.17% | 59.17% | 59.17% |
| Public | 40.83% | 40.83% | 40.83% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Spel Semiconductor Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Oct 2016 | Sbicap Trustee Company Limited | ₹7 Cr | Open |
| 10 Jan 2006 | Indian Overseas Bank | ₹13.75 Cr | Open |
| 04 Aug 2020 | Indian Overseas Bank | ₹1 Cr | Satisfied |
| 03 Nov 2010 | Allahabad Bank | ₹26.28 Cr | Satisfied |
| 05 Jun 2000 | State Bank of Hyderabad | ₹4 Cr | Satisfied |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Spel Semiconductor Limited
Spel Semiconductor Limited has a workforce of 112 employees as of Apr 05, 2024.
Employee and EPFO history for Spel Semiconductor Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Spel Semiconductor Limited
GST registrations and filing compliance for Spel Semiconductor Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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Credit Ratings, Litigation & Regulatory Alerts for Spel Semiconductor Limited
Credit ratings, litigation, and regulatory alerts for Spel Semiconductor Limited
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- Rating history
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MSME Payment Delays by Spel Semiconductor Limited
MSME payment history for Spel Semiconductor Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
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Subsidiaries & Group Companies of Spel Semiconductor Limited
Corporate group structure for Spel Semiconductor Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
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MCA Filings & Documents of Spel Semiconductor Limited
MCA filings and documents for Spel Semiconductor Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Spel Semiconductor Limited
Frequently Asked Questions about Spel Semiconductor Limited
Spel Semiconductor Limited is an active public limited company in the information technology sector based in Maraimalai Nagar, Tamil Nadu, India. It was incorporated on 26 December 1984 (42+ years old) and is registered under CIN L32201TN1984PLC011434. Listed on BSE: 517166. The company has 112 employees.
Spel Semiconductor Limited reported revenue of ₹6.28 Cr for FY 2026 (down 20.14% YoY) based on standalone BSE filings.
The current directors of Spel Semiconductor Limited are:
- Venkatesh Ramanujam - Director
- Nakkeeran Ekambaram - Director
- Venkatasubramanian V Meenakshi - Director
- Nagarajan Govindan - Director
- Swaminathan Chandramohan - Director
- Palanichamy Balamurugan - Whole-Time Director
The primary industry of Spel Semiconductor Limited is information technology. The company specifically operates in semiconductor products and services. The company is currently active in this sector.
Yes. Spel Semiconductor Limited is listed on BSE with code 517166.
Spel Semiconductor Limited can be reached at the registered office: 5 Cmda Industrial Estate, Maraimalai Nagar, Tamil Nadu, India – 603209, or through the website natronix.net.