SpiceJet shareholders approve equity issuances at 41st AGM

SpiceJet Limited held its 41st Annual General Meeting (AGM) on Tuesday, September 30, 2025, via video conference. The meeting commenced at 12:00 noon and concluded at 12:34 p.m. Shareholders adopted the audited financial statements for the fiscal year ended March 31, 2025, re-appointed Shiwani Singh as a director, and appointed M/s Kalyaniwalla & Mistry LLP as statutory auditors and M/s. Mahesh Gupta & Co. as secretarial auditor.

A significant outcome was the approval of two special resolutions to issue equity shares on a preferential basis. These issuances are intended for aircraft lessor(s) and GASL Aviation Holdings Limited, converting their existing outstanding dues into equity. This marks a strategic move to manage existing liabilities through equity conversion.

During the meeting, chairman and managing director Ajay Singh addressed shareholder queries concerning future expansion, fund-raising, operating expenses, company accounts, and new flights. He provided updates on operational highlights, fleet expansion plans, fund-raising initiatives, and future outlook.