SpiceJet to File Overdue Financial Results After BSE Suspension Warning
Indian airline SpiceJet has announced that it will publish its overdue financial results by December 7, following a warning from the Bombay Stock Exchange (BSE) that trading in its shares could be suspended. The exchange issued the warning because the airline had failed to submit its financial results for the March and June quarters. SpiceJet attributed the delay to an extended audit process and said it was working to meet the deadline.
The airline continues to face financial difficulties, with its share of India’s domestic aviation market falling sharply to just 0.6%, compared with nearly 15% in 2019. Cash flow problems have forced SpiceJet to reduce flights, ground aircraft and delay salary payments to some pilots. The company has also received an extension to hold its annual shareholder meeting for the financial year ended March 2026 by December 31. If the airline fails to meet the exchange’s requirements by December 7, trading suspension could begin on December 10.
Separately, SpiceJet’s board is scheduled to meet on November 18 to consider raising fresh capital through shares, debt securities or other financial instruments. The airline last reported financial results in February, posting a consolidated net loss of Rs 262 crore for the October-December 2025 quarter. Rising fuel costs and restricted airspace access linked to the Middle East conflict have added further pressure to its operations as it competes with IndiGo and the Air India group in India’s aviation market.
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