The Board of Directors of SPEL at their Meeting held on Jun 27, 2023 approved and took on record the Un-Audited Financial Results ( Refer Note 1 ) for the Quarter ended Mar 31, 2023. The Company reported Sales of ? 413.71Lakhs. This is an increase of ? 191.76 Lakhs compared to the Quarter ended Dec 31, 2022 (?221.95 Lakhs). The profit for the Quarter is ? 331.25 Lakhs compared to loss of ? 903.80 Lakhs in the previous Quarter ended Dec 31, 2022.

The figures for the quarter ended March 31, 2023 and March 31, 2022 are the balancing figures between audited figures in respect of the full financial year after giving effect to the change in Revenue Recognition Accounting Policy and the published year to date figures up to the nine months ended December 31, 2022 and December 2021 respectively, which were subject to limited review by the statutory auditor.