SPEL Semiconductor517166Routine director change
Independent Director Ramanujam Venkatesh resigns, also ceases as Audit Committee Chairperson
SPEL Semiconductor's Non-Executive, Independent Director Ramanujam Venkatesh (DIN: 07242631) has resigned from the Board effective Oct 16, 2026, citing personal reasons.
By ScoutQuest · · 2 min read
- Resignation effective date
- Oct 16, 2026
- Reason
- personal reasons
- Additional role ceased
- Chairperson of the Audit Committee
What was announced
- The company has received a formal resignation letter from Mr. Ramanujam Venkatesh (DIN: 07242631), Non-Executive, Independent Director of SPEL Semiconductor Limited.
- The resignation is with effect from Oct 16, 2026, and the stated reason is personal reasons.
- Consequent to his board exit, he also ceases to be the Chairperson of the Audit Committee of the company with effect from the close of business hours on Oct 16, 2026.
Why it matters
- An independent director leaving the board changes the mix of independent oversight; the audit committee is the board committee that reviews financial reporting and internal controls, so its chair position changes hands.
- The resignation letter carries a confirmation that there are no other material reasons beyond the reason stated.
- The disclosure records NIL directorships held by him in other listed entities.
Brief profile given
- Associate Member of the Institute of Chartered Accountants of India and holder of a B.Sc. Physics First Class degree from University of Madras.
- Described as an experienced CFO with a record of cross-functional partnerships across construction, automobile and manufacturing industries, and experience handling multi-million dollar budgets and large global teams.
- Roles cited include CFO at L&T Hydrocarbon Engineering Ltd (with board positions in seven of its subsidiaries), Vice President – (F&A) International Finance at L&T Hydrocarbon Engineering Ltd, CFO at L&T Shipbuilding Ltd, and a corporate office controlling role at MIPIC covering nine subsidiary and associate companies and seven strategic business units with annual division sales of INR 6000 crores.
- Also cited: CFO at Audco India Ltd, a JV company of L&T, and Vice President – Indirect Tax (Construction Services) at Larsen & Toubro Limited, last held position from June 2017, in charge of indirect taxes construction services including implementation of GST.
What investors can track
- Who is appointed to the board and to the audit committee chair role going forward.
More numbers
- Annual division sales at MIPIC cited in director's profileINR 6000 crores
Source: BSE · 17 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.