SPEL Semiconductor Ltd.

YEAR                       EVENTS
 1984 - The Company was Incorporated as a private limited company on
 26th
        December, and was converted into a public limited company on
 20th
        March, 1986.  
     
      - The Company was promoted by Southern Petrochemical Industries
        Corporation Ltd., (SPIC), a leading fertiliser manufacturer.
 
      - The Company's object is to manufacture of computer tapes,
 floppy
        diskettes, jumbo rolls for floppy diskettes and assembling and
        packaging of Integrated Circuits (ICS).
 
      - The Company undertook to set up an electronic project for the
        manufacture per annum of 250 MRM of computer tapes, 2 million 
        nos. of diskettes and 0.42 MKM coated jumbo rolls (13 width)
 for
        floppy diskettes and for assembling and packaging of 25
 million
        nos. per annum of integrated circuits on 22.27 acres of land
 at
        Maraimalai Nagar Industrial Complex near Chennai in Chingleput
        district of Tamil Nadu.  
 
 1988 - 9 shares subscribed for by the signatories to the Memorandum
 of
        Association.  70,99,991 shares were then issued at par out of
        which the following shares were reserved and allotted on a
 firm
        basis:
 
      - (i) 17,49,991 shares to promoters, directors, etc. and SPIC;
 
      - (ii) 2,50,000 shares to UTI and
 
      - (iii) 2,50,000 shares to LIC.
 
      - Out of the remaining 31,00,000 shares, the following shares
 were
        reserved for preferential allotment:
 
      - (i) 3,55,000 shares to employees (including Indian working 
        directors)/workers of the Group Cos. (none were taken up) and
     
      - (ii) 12,00,000 shares to NRIs on repatriation basis (all were
        taken up).
 
      - The balance 15,45,000 shares, along with 3,55,000 shares not 
        taken up by employees were offered for public subscription
 during
        August.  Additional 10,65,000 shares were allotted to retain
        oversubscription (2,62,500 shares to promoters etc. including 
        SPIC, 2,62,500 shares to shareholders of SPIC, 1,74,100 shares
 to
        NRIs on repatriation basis and 3,65,900 shares to the public).
 
 1989 - Substantial job contracts were accepted from the
 Semi-conductor
        Complex, Chandigarh since their factory was out of operation
 due
        to fire accident.
 
      - Govt. of India gave its consent for inclusion of 74 LS series
 and
        telephone ICs under the restricted list effective 9th January,
        1990.
 
      - Apart from 74 LS ICs and TV ICs, the Company introduced three
        types of push button telephone ICs.  The Company's high value
        memory ICs (256 K D-RAM) and clock ICs, recently introduced,
 were
        well received in the market.
 
 1990 - After the establishement of 74 LS ICs (used in
 telecommunication
        equipment) the Company commenced production of Linear ICs used
 in
        instrumentation and professional electronic equipment.
 
      - The Company also undertook to set up a magnetic media project.
        Most of the major equipments were imported and were under 
        erection.
 
      - The Company's `Kit' form supply for Siemens designs enabled
 the 
        push button telephone manufacturers their requirements from
 one
        source.  Similar `kit form ICs' for Ericcson design were
 proposed
        to be introduced.
 
      - The Company identified `Memory ICs' required in large volume
 in 
        India and was in the process of packaging and marketing them.
 
      - In view of the increasing demand for Quartz Watches, the
 Company
        obtained SA registration for manufacture of 3 million ECBs per
        annum.
 
      - The Company had tied-up with M/s. Hitachi, Japan to introduce
        CODEC ICs.
 
 1991 - The Company commissioned the computer tape plant and the
 diskette
        plant for 5 1/4 48 TPI diskettes.
 
      - The Company entered into a technical collaboration agreement
 with
        M/s. Computer Resources Inc. (CRI), U.S.A. for the magnetic
 media
        project.  They were to provide technical know-how, basic
        engineering for utilities and off-site facilities,
 procurement,
        services, inspection, supervision of erection and also monitor
        project schedule.  The CRI's products are sold under the brand
        name OPUS.
 
      - A Memorandum of Understanding was reached between SGS 
        Microelectronica SpA, Italy and the Company for technical 
        assistance to Indian technicians at their plant and also for 
        deputation of its experts to India.
 
      - High value ICs like Codec (tied-up with Hitachi, Japan) and
 SRAM
        (tied-up with Hyundai, South Korea) were introduced.
 
      - The Company entered into a long term agreement with Semi 
        Conductor Complex Ltd. (SCL) earmarking 50% of the Company's
 IC
        packaging facility for SCL's requirements.
 
      - Computer tape plant and diskette plant for 5 1/4 - 48 TPI 
        diskettes were commissioned.
 
 1992 - Total turnover increased by about 42% over the previous year 
        mainly due to introduction of high value ICs such as Codec and
        SRAM.  The profits, however, did not register a commensurate 
        increase due to reduction in the prices of the company's
 products
        following competition from foreign suppliers.
 
      - 3,300 shares forfeited in August and were subsequently
 reissued
        (prem. Rs.5 per share).  In Jan/Feb. 1993, 81,65,000 rights
        shares offered (prem. Rs.5 per share; prop. 1:1) (all taken
 up).
        Another 4,08,250 shares offered (prem. Rs.5 per share) to
        employees, etc. (only 39,000 shares taken up).  The balance
        3,69,250 shares allowed to lapse.
 
      - The Company successfully tied-up with Hitachi, Japan for
 source
        of raw material for Codec ICs.
 
 1993 - The Company introduced 256 K DRAMICS which were required for
 the
        indigenous switching exchanges and the same were under trials
 by
        the DoT.  
 
      - There was a requirement to convert the Magnetic Media Project 
        (MMP) as export oriented unit MMP would mainly manufacture
 video
        tapes in the form of pan cake and 3 1/2 floppy diskettes of 1
 MB
        and 2 MB capacities.
 
 1994 - The Company's turnover reduced due to heavy destabilisation of
        indigenous telecom equipment sector.
 
      - The Company's rights issue of 81,65,000 No. of equity shares
 of
        Rs 10/- each at a premium of Rs 5/- per share to the existing 
        shareholders of the Company on 1:1 basis was fully subscribed.
 
 
 1996 - The Company has allotted 86,88,160 No. of equity shares of
        Rs.10/- each, at par, as fully paid- up, to the Financial
        Institutions.
 
 1997 - The Company will be setting up a Laser Trimming facility.
 
      - The promoters of Spic and Madras Refineries Ltd. have agreed
 to
        constitute a committee to suggest a methodology for
 re-appraisal
        of the projects finalised by Spic.
 
 1998 - The Company allotted 51,50,000 No. of equity shares of the
 face
        value of Rs. 10/- each at par in the Company's equity share
        capital as fully paid-up equity shares to M/s.  Southern
        Petrochemical Industries Corporation Limited (SPIC).
 
      - MMP was set up by SPIC Electronic to manufacture computer
        tapes, floppy diskettes and jumbo rolls.
 
      - Engaged in manufacturing electronic integrated circuits,
 floppy
        disketts and computer tapes Chennai based Spic Electronic and
        Systems Limited has been promoted by Southern Petrochemical
        Inustries Corporation Ltd.
 
 2000 
 
 -Spic Electronic System Ltd will change its name to SPEL
        Semiconductor Ltd.
 
 2007
 
 -Registered Office of the Company shifted from MAC House, 4 Sardar
 Patel Road, Guindy, Chennai to 5 CMDA Industrial Estate, Maraimalai
 Nagar, Chennai.
 
 2013
 -SPEL Semiconductor  appointed Mr. N. Ramakrishnan s an Additional
 Director of the Company.
 
 2014
 -SPEL Semiconductor appointed of Mr. M. Jayasankar as Additional
 Director of the Company.
 
 2015
 -VCSC Flood Relief
 -Chairman addresses IIT-B FAN PD in USA
 -Natronix-SPEL has signed a MoU with Government of Tamil Nadu for
 ?500 Crore investment during the Global Investors Meet