SPEL Semiconductor Ltd has informed BSE that the Members of the Company, by way of postal ballot, have passed the Special Resolution, with requisite majority, for accorded the Board of Directors of the Company (”the Board” which shall also mean and include any committee(s) thereof) for amending the object clause of the Memorandum of Association, by inserting a new Clause 44 after the existing Clause 43.

- To carry on the business of electric supply Company and to do all things incidental to such business including but not limited to buying or generating electricity through conventional and non-conventional sources, for its own use or distribution or otherwise, the power so generated be consumed by or through wheeling or banking with State Electricity Board. To purchase, take on lease hold in fee, hire, exchange, or otherwise acquire and to hold and maintain and deal in sell or otherwise dispose of movable and immovable property and rights or privileges or interests of all kinds and in particular lands rights over or connected with land, estates concession, patents, inventions, trade marks, copy rights and to enter into any agreements with any Government or Authority supreme, municipal local or otherwise, that may be seen conducive to the Company’s objects of generating and distribution of power through conventional an non-conventional sources and to obtain from any such Government or Authority, land lords, all rights, concessions and previleges which the Company may think it desirable to obtain and to carryout, exercise and comply with any such arrangements, rights, privileges and concessions and to establish and to carry on any business in connection with any or all of the above or which may be calculated to enhance the value of any of the properties or rights of the Company or to facilitate the disposition thereof.