Business EconomyPosted at: Nov 13 2026 5:46PM


SpiceJet must file pending financial results by Dec 7, gets BSE warning

New Delhi, Nov 13 (UNI) SpiceJet has said it will submit its overdue financial results by December 7, following a warning from the Bombay Stock Exchange (BSE) that trading in the airline's shares could be suspended if it fails to meet the regulatory deadline.
In a statement on Friday, the cash-strapped carrier said it was working towards filing the pending results within the stipulated timeline.
The development comes amid mounting financial and operational challenges for the airline, whose share in India's domestic aviation market has fallen sharply to around 0.6% from nearly 15% in 2019.
The BSE, in a notice issued on Monday, said trading in SpiceJet shares would be suspended from December 10 over the airline's failure to submit its financial results for the March and June quarters.
However, the proposed suspension can be avoided if the airline fulfils the exchange's listing requirements to its satisfaction by December 7.
SpiceJet has also secured an extension from the Registrar of Companies to conduct its annual general meeting (AGM) for the financial year ended March 2026.
The meeting is now scheduled to be held by December 31.
Under Indian corporate regulations, companies are required to present their audited annual financial statements at the AGM.
The BSE further warned that in the event of a trading suspension, shares held by SpiceJet's promoters and other controlling shareholders, along with securities in their electronic accounts, would be frozen.
SpiceJet Chairman and Managing Director Ajay Singh is among the airline's controlling shareholders. According to the company's latest available shareholding disclosure, Singh held a personal stake of 12% as of March 31, while the combined holding of the controlling shareholder group stood at 24.2%.
The airline has been grappling with a prolonged cash crunch, which has affected its operations. It has cut flight services, grounded aircraft and faced delays in salary payments to several pilots.
The financial strain has also pushed the carrier to seek government-backed funding support.
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Tags: #SpiceJet must file pending financial results by Dec 7# gets BSE warning
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