SpiceJet MD, chairman, board of directors and AGM
BSE: 500285Transport ServicesSmall Cap
Formerly Modi Luft
Last close ₹7.86down ₹0.31 (3.79%)
Share price at the BSE close on 23 Oct 2026. Previous close ₹8.17.
52-week range of traded prices to 23 Oct 2026
₹7.70Low, 21 Oct 2026₹40.59High, 27 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,200 Cr1,092nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- No recent results
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- No recent results
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- Volume, BSEVolume. Shares traded on the last trading day.
- 42,85,070
SpiceJet board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorAjay Singh
- Company Secretary and Compliance OfficerChandan Sand
6 directors4 independent1 executive1 non-executive
- Ajay Singh · Chairperson and managing directorExecutive · joined May 2015 · reappointed Feb 2026 · 1 listed board · 1 committee seat
- Shiwani SinghNon-executive · joined May 2015 · 2 listed boards · 2 committee seats, 1 as chair
- Anurag Bhargava · Shareholder DirectorIndependent · joined Sep 2016 · reappointed Sep 2021 · 117 months as independent · 1 listed board · 1 as independent
- Ajay Chhotelal Aggarwal · Shareholder DirectorIndependent · joined Feb 2019 · reappointed Feb 2024 · 88 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Manoj Kumar · Shareholder DirectorIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 2 listed boards · 1 as independent · 1 committee seat, 2 as chair
- Sonum Gayatri Malhotra · Shareholder DirectorIndependent · joined Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 9 Jun 20266 of 6 present4 independent · 116 days in between
- 12 Feb 20265 of 6 present3 independent
Audit Committee
Chair Anurag Bhargava
Shiwani Singh, Ajay Chhotelal Aggarwal, Manoj Kumar
- 12 Feb 20263 of 4 present2 independent
Nomination and remuneration committee
Chair Ajay Chhotelal Aggarwal
Ajay Singh, Manoj Kumar, Anurag Bhargava
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Manoj Kumar
Ajay Singh, Shiwani Singh
- 12 Feb 20263 of 3 present1 independent
Risk Management Committee
Chair Ajay Singh
Anurag Bhargava, Chandan Sand
- 6 Jan 20261 of 3 present0 independent
Corporate Social Responsibility Committee
Chair Ajay Chhotelal Aggarwal
Ajay Singh, Shiwani Singh
- 12 Feb 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2025.
- M/s. Walkers Chandiok & Co LLPPeer-review certificate valid to May 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 30 Sep 2025, 2 fund houses
Appointment of M/s Kalyaniwalla and Mistry LLP (Firm Registration No. 104607W / W100166), as Statutory Auditors of the Company to hold the office for a first term of 5 (five) consecutive years commencing from the conclusion of the 41st Annual General Meeting (AGM) till the conclusion of the 46th AGM of the Company, at such remuneration as may be mutually agreed between the Board and Statutory Auditors, based on the recommendation of the audit committee of the Company and re-imbursement for out of pocket expenses incurred by the Statutory Auditors on audit.MoreLess
2 for0 againstAppointment of M/s Mahesh Gupta and Co., Company Secretaries (Peer Review No.: 6470/2025), having confirmed their eligibility for appointment as the Secretarial Auditors of the Company, to hold office for a term of five (5) consecutive financial years with effect from Financial Year 2025-26 to Financial Year 2029-30, at such remuneration as may be determined by the Board of Directors of the Company.MoreLess
2 for0 against- To appoint a director in place of Mrs. Shiwani Singh (DIN: 05229788), who retires by rotation and being eligible, seeks re-appointment.2 for0 against
To consider and adopt the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2025, together with the Report of the Board of Directors and the Statutory Auditors thereon.MoreLess
Against Bandhan Mutual Fund
- Bandhan Mutual FundNon-Compliant with SEBI LODR and Companies Act: The Company has not disclosed the financials of its subsidiaries on the website. Governance Concern: Qualified Financial Statements. Material Weaknesses in Internal Financial Controls; Material uncertainty related to going concern; Unpaid undisputed statutory dues for more than 2 years; High Liabilities & High Contingent liabilities compared to Net-Worth on a consolidated basis.
1 for1 againstTo create, offer, issue and allot upto 104,172,634 equity shares of the face value of Rs.10 each of an aggregate nominal amount of upto Rs.4,408,205,000 to entities (the Allottee(s)) consequent upon conversion of their existing outstanding dues aggregating to an amount not exceeding USD 50,000,000 at an issue price of Rs. 42.32 per share or such issue price per share as may be determined in accordance with the SEBI ICDR Regulations, whichever is higher, on preferential basis, in one or more tranches.MoreLess
2 for0 againstTo create, offer, issue and allot upto 8,334,091 equity shares of the face value of Rs. 10 each of an aggregate nominal amount of upto Rs. 352,656,400 to entity (the Allottee) consequent upon conversion of their existing outstanding dues aggregating to an amount not exceeding USD 4,000,000 at an issue price of Rs. 42.32 per share or such issue price per share as may be determined in accordance with the SEBI ICDR Regulations, whichever is higher, on preferential basis, in one or more tranches.MoreLess
2 for0 against
Mutual fund votes, meeting of 4 Sep 2025, 2 fund houses
Appointment of M/s Kalyaniwalla and Mistry LLP (Firm Registration No. 104607W / W100166) as Statutory Auditors of the Company effective June 13, 2025, until the conclusion of the next Annual General Meeting of the Company to fill up the causal vacancy caused by the resignation of M/s. Walkers Chandiok and Co LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) on such remuneration as may be decided by Board of Directors in consultation with Statutory Auditors in addition to taxes and re-imbursement for out of pocket expenses incurred by the Statutory Auditors on audit.MoreLess
2 for0 against
6 earlier meetings
Mutual fund votes, meeting of 30 Dec 2024, 4 fund houses
Appointment of Ms. Sonum Gayatri Malhotra (DIN: 10639147) as an Independent Director of the Company for a period of five (5) years till September 13, 2029, and that she shall not be liable to retire by rotation.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundNon-compliant with SEBI LODR, 2015: Shareholders’ approval not sought within 3 months from the date of appointment. No concerns on the merit of appointee.
2 for2 againstIncrease from Rs. 15,000,000,000 divided into 1,500,000,000 equity shares of Rs. 10 each to Rs. 20,000,000,000 divided into 2,000,000,000 equity shares of Rs. 10 each ranking pari- passu with the existing equity shares of the Company and that in Clause V of the Memorandum of Association of the Company.MoreLess
4 for0 against- To appoint a director in place of Mr. Ajay Singh (DIN: 01360684), who retires by rotation and being eligible, seeks reappointment.
Against Bandhan Mutual Fund, Groww Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundCompliant with law; Governance Concern: Combined position as Chairman and Managing Director may lead concentration of power in the hands of single director.
2 for2 against To consider and adopt the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2024, together with the Report of the Board of Directors and the Statutory Auditors thereon.MoreLess
Against Bandhan Mutual Fund, Groww Mutual Fund
- Bandhan Mutual Fund, Groww Mutual FundNon-Compliant with SEBI LODR and Companies Act: The Company has not disclosed the financials of its subsidiaries; Governance Concern: Qualified Financial Statements. Material Weaknesses in Internal Financial Controls; Material uncertainty related to going concern; Unpaid undisputed statutory dues for more than 2 years; Default in repayment of loans and interests; High Liabilities & High Contingent liabilities compared to Net-Worth.
2 for2 against
Mutual fund votes, meeting of 26 Dec 2022, 1 fund house
- To appoint a Director in place of Mr. Ajay Singh (DIN: 01360684), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment1 for0 against
To consider and adopt the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2022, together with the Report of the Board of Directors and the Statutory Auditors thereon.MoreLess
1 for0 against
Mutual fund votes, meeting of 30 Dec 2021, 2 fund houses
- Adoption Of Audited Financial Statements For Financial Year Ended March 31, 2021.1 for0 against
- Re-Appointment Of Mrs. Shiwani Singh (Din: 05229788) As A Director Liable To Retire By Rotation.1 for0 against
- To appoint a Director in place of Mrs. Shiwani Singh (DIN: 05229788), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment1 for0 against
To consider and adopt the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended March 31, 2021, together with the Reports of the Board of Directors and the Statutory Auditors thereonMoreLess
1 for0 against
Mutual fund votes, meeting of 16 Sep 2021, 4 fund houses
- Approval for payment of remuneration to Mr. Ajay Singh, Managing Director in case of no profits/ inadequacy of profits1 for0 against
- Approval for proposal of fund raising through issuance of eligible securities through qualified institutional placement for an aggregate amount not exceeding Rs.25,000,000,0001 for0 against
- Approval for related party transaction(s) post transfer of cargo business undertaking to SpiceXpress and Logistics Private Limited1 for0 against
- Approval for the dilution of shareholding of the Company in SpiceXpress and Logistics Private Limited post transfer of cargo business undertaking
Against HDFC Mutual Fund
- HDFC Mutual FundThe resolution is open ended and company has not provided specific details of any transaction.
0 for1 against - Approval for the related party transaction in order to transfer cargo business undertaking to SpiceXpress and Logistics Private Limited1 for0 against
- Approval for Transfer of cargo business undertaking to SpiceXpress and Logistics Private Limited1 for0 against
- Approval to make loan(s) and to give guarantee(s), provide security(ies) or make investment(s) in terms of Section 185 and Section 186 of the Companies Act, 20131 for0 against
- Dilution of shareholding of the Company in SpiceXpress and Logistics Private Limited (a subsidiary of the Company) post transfer of cargo business undertaking2 for0 against
- Re-appointment of Mr. Anurag Bhargava as Independent Director of the Company for a second term of 5 years upto September 6, 20261 for0 against
- Re-appointment of Mr. Anurag Bhargava (DIN: 01297542) as an Independent Director of the Company
Against Nippon India Mutual Fund
- Nippon India Mutual FundShareholder's approval not obtained on time for reappointment of director
1 for1 against - Related party transaction in order to transfer cargo business undertaking to SpiceXpress and Logistics Private Limited2 for0 against
- Related party transaction(s) post transfer of cargo business undertaking to SpiceXpress and Logistics Private Limited (a subsidiary of the Company)2 for0 against
- Remuneration to Mr. Ajay Singh (DIN: 01360684), Managing Director of the Company in case of no profits/ inadequacy of profits of the Company2 for0 against
- To approve raising of funds by issue of eligible securities through Qualified Institutions Placement2 for0 against
To approve the payment of remuneration as minimum remuneration to Mr. Ajay Singh (DIN: 01360684), Managing Director of the Company (who was re-appointed at the 34th Annual General Meeting of the Company held on November 29, 2018 for a period of five years with effect from May 21, 2018) with effect from April 1, 2021 for the remaining period of his appointment i.e. upto May 20, 2023MoreLess
1 for0 againstTo authorise the Board of Directors to (a) give any loan to any person or other body corporate; (b) give any guarantee or provide any security in connection with a loan to any other body corporate or person; and (c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, as they may in their absolute discretion deem beneficial and in the interest of the Company, subject however that the aggregate of the loans and investments so far made, the amount for which guarantees or securities so far provided to or in all other body corporate along with the investments, loans, guarantees or securities proposed to be made or given by the Company, from time to time, shall not exceed, at any time, Rs.28,000,000,000 (Rupees Twenty Eight Billion only) over and above the limit of sixty per cent of the paid-up share capital, free reserves and securities premium account of the Company or one hundred per cent of free reserves and securities premium account of the Company, whichever is more.MoreLess
1 for0 againstTo authorise the Board of Directors to create, offer, issue and allot, in one or more tranches, such number of eligible securities (as defined under Regulation 171 of the SEBI ICDR Regulations), as may be decided by the Board, at such time and at such prices, at a discount or premium to the market price, in accordance with applicable law, and in such manner and on such terms and conditions, as may be determined by the Board in its absolute discretion and wherever necessary in consultation with the lead manager(s) and/or other advisor(s) for an aggregate amount not exceeding Rs.25,000,000,000 (Rupees Twenty Five Billion only) by way of qualified institutions placement to any eligible person(s) including qualified institutional buyers in terms of Chapter VI of the SEBI ICDR Regulations (the “Issue”).MoreLess
1 for0 againstTo authorise the Board of Directors to enter into various related party transaction(s) with its subsidiary namely SpiceXpress and Logistics Private Limited post transfer of its cargo business undertaking, for various transportation services (including but not limiting to air transportation), ground and logistics support, management services, sharing and provisioning of resources etc. by way of entering into master service agreement with SpiceXpress and Logistics Private Limited for a value not exceeding Rs.10,000,000,000 (Rupees Ten Billion only) during a financial year on such terms and conditions as the Board may consider fit and proper.MoreLess
1 for0 againstTo authorise the Board of Directors to sell, transfer, dilute or otherwise dispose of Company’s shareholding in SpiceXpress and Logistics Private Limited (post transfer of its cargo business undertaking) to or in favour of one or more investors, who may invest in SpiceXpress and Logistics Private Limited or acquire the shares of SpiceXpress and Logistics Private Limited from the Company, in one or more tranches, on such terms and conditions as the Board may consider fit and proper.MoreLess
1 for0 againstTo authorise the Board of Directors to to enter into related party transaction, by way of entering into a business transfer agreement, with SpiceXpress and Logistics Private Limited (a related party within the meaning of the Section 2(76) of the Companies Act, 2013) in order to transfer cargo business undertaking, as a going concern, on slump sale basis (as defined under Section 2(42C) of the Income Tax Act, 1961), for a total consideration of Rs.25,557,700,000 (Rupees Twenty Five Billion Five Hundred Fifty Seven Million and Seven Hundred Thousand only) based upon an independent valuation report, on such terms and conditions as the Board may consider fit and proper and to do all such things as may be considered necessary or expedient to give effect to the same.MoreLess
1 for0 againstTo authorise the Board of Directors to transfer its cargo business undertaking along with all related assets and liabilities, inter-alia, know-how, trademark, licenses, franchises, customer contracts, distribution network etc. to SpiceXpress and Logistics Private Limited (a subsidiary of the Company), as a going concern, on slump sale basis (as defined under Section 2(42C) of the Income Tax Act, 1961), for a lump sum consideration of Rs.25,557,700,000 (Rupees Twenty Five Billion Five Hundred Fifty Seven Million and Seven Hundred Thousand only) based upon an independent valuation report, on such terms and conditions as the Board may consider fit and proper and to do all such things as may be considered necessary or expedient to give effect to the same.MoreLess
1 for0 against- To make loan(s) and to give guarantee(s), provide security(ies) or make investment(s) in terms of Section 185 and Section 186 of the Companies Act, 20132 for0 against
To re-appoint Mr. Anurag Bhargava (DIN: 01297542), as an Independent Director of the Company, not liable to retire by rotation, for a second term of five consecutive years effective from September 7, 2021 to September 6, 2026MoreLess
1 for0 against- Transfer of cargo business undertaking to SpiceXpress and Logistics Private Limited, as going concern, on slump sale basis2 for0 against
Mutual fund votes, meeting of 24 Dec 2020, 5 fund houses
- Accept Financial Statements and Statutory Reports1 for0 against
- Adoption of Financial Statements of the Company1 for0 against
- Appointment of M/s. Walker Chandiok & Co LLP, as Statutory Auditors of the Company and to fix their remuneration1 for0 against
- Approval for Transfer of cargo business to its wholly-owned subsidiary namely SpiceXpress and Logistics Private Limited1 for0 against
- Approve Transfer of Cargo Business to SpiceXpress and Logistics Private Limited1 for0 against
- Approve Walker Chandiok & Co LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration1 for0 against
- Re-appointment of Mr. Ajay Singh, director retiring by rotation1 for0 against
- Reelect Ajay Singh as Director1 for0 against
Resolution1(a): Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2020, together with the Report of the Board of Directors and the Statutory Auditors thereon.MoreLess
0 for0 against1 abstained
- Resolution1(b): Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2020, together with the Report of the Statutory Auditors thereon0 for0 against
1 abstained
- Resolution2: Re-appointment of Mr. Ajay Singh (DIN: 01360684) who retires by rotation and being eligible, offers himself for re-appointment0 for0 against
1 abstained
- Resolution3: Appointment of M/s. Walker Chandiok & Co LLP Statutory Auditors of the Company from the conclusion of this AGM until the conclusion of the forty first AGM0 for0 against
1 abstained
- Resolution4 : Transfer of cargo business to its wholly-owned subsidiary0 for0 against
1 abstained
- To appoint a Director in place of Mr. Ajay Singh (DIN: 01360684), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.1 for0 against
1 abstained
To appoint M/s. Walker Chandiok & Co LLP, Chartered Accountants (Registration No. 001076N/N500013), as the Statutory Auditors of the Company who shall hold office from the conclusion of this Annual General Meeting until the conclusion of forty-first Annual General Meeting of the Company & to fix their remunerationMoreLess
0 for0 against1 abstained
- To appoint Statutory Auditors of the Company from the conclusion of this AGM until the conclusion of the forty first AGM1 for0 against
To authorize the Board of Directors to transfer by way of sale or otherwise its cargo business to its wholly-owned subsidiary namely SpiceXpress and Logistics Private Limited, as a whole or part thereof, in one or more tranchesMoreLess
0 for0 against1 abstained
To consider and adopt: (a)the audited financial statements of the Company for the financial year ended March 31, 2020, together with the Report of the Board of Directors and the Statutory Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2020, together with the Report of the Statutory Auditors thereon.MoreLess
1 for0 against1 abstained
- Transfer of cargo business to its wholly-owned subsidiary1 for0 against
Mutual fund votes, meeting of 30 Sep 2019, 6 fund houses
(a) Adoption of audited standalone financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Board of Directors and the Statutory Auditors thereon. (b) Adoption of audited consolidated financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Statutory Auditors thereonMoreLess
1 for0 against- Accept Financial Statements and Statutory Reports1 for0 against
- Adoption of Financial Statements of the Company1 for0 against
- Adoption of standalone and consolidated financial statements for the year ended 31 March 20191 for0 against
- Adoption of the audited consolidated financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Statutory Auditors thereon1 for0 against
Adoption of the audited standalone financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Board of Directors and the Statutory Auditors thereonMoreLess
1 for0 against- Appoint Ajay Aggarwal (DIN: 00001122) as Independent Director for five years from 11 February 20191 for0 against
- Appoint Manoj Kumar (DIN: 00072634) as Independent Director for five years from 28 May 20191 for0 against
- Appointment of Mr. Ajay Chhotelal Aggarwal as an Independent Director for a period upto February 10, 20241 for0 against
- Appointment of Mr. Ajay Chhotelal Aggarwal as an Independent Director of the Company2 for0 against
- Appointment of Mr. Manoj Kumar as an Independent Director for a period upto May 27, 20241 for0 against
- Appointment of Mr. Manoj Kumar as an Independent Director of the Company1 for0 against
- Appointment of Mr. Manoj Kumar (DIN: 00072634) as an Independent Director of the Company1 for0 against
- Appointment of Mrs. Shiwani Singh, who retires by rotation and being eligible, offers herself for re appointment1 for0 against
- Approval for payment of remuneration to Mr. Ajay Singh, Managing Director in case of no profits/ inadequacy of profits1 for0 against
- Approve minimum remuneration for Ajay Singh as Managing Director for three years from 1 April 2018 which may be in excess of provisions of Regulation 17 of SEBI’s LODR1 for0 against
- Approve Payment of Remuneration to Ajay Singh as Managing Director1 for0 against
- Elect Ajay Chhotelal Aggarwal as Director1 for0 against
- Elect Manoj Kumar as Director1 for0 against
- Re-appointment of Mrs. Shiwani Singh (DIN: 05229788) who retires by rotation and being eligible, offers herself for re-appointment1 for0 against
- Re-appointment of Mrs. Shiwani Singh, director retiring by rotation1 for0 against
- Reappoint Ms. Shiwani Singh (DIN: 05229788) as Non-Executive Non-Independent Director1 for0 against
- Reelect Shiwani Singh as Director1 for0 against
- Remuneration to Mr. Ajay Singh (DIN: 01360684), Managing Director of the Company in case of no profits/ inadequacy of profits of the Company1 for0 against
- Remuneration to Mr. Ajay Singh, Managing Director of the Company in case of no profits/ inadequacy of profits of the Company1 for0 against
- To appoint a Director in place of Mrs. Shiwani Singh (DIN: 05229788), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.1 for0 against
- To appoint Mr. Ajay Chhotelal Aggarwal (DIN: 00001122) as an Independent Director of the Company for a period up to February 10, 2024, not liable to retire by rotation.1 for0 against
- To appoint Mr. Manoj Kumar (DIN: 00072634) as an Independent Director of the Company for a period up to May 27, 2024, not liable to retire by rotation.1 for0 against
To approve payment of remuneration as minimum remuneration to Mr. Ajay Singh (DIN: 01360684), Managing Director of the Company (who was re-appointed at the 34th Annual General Meeting of the Company held on November 29, 2018 for a period of five years with effect from May 21, 2018) during the period of three financial years with effect from April 1, 2018.MoreLess
1 for0 againstTo receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Board of Directors and the Statutory Auditors thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2019, together with the Report of the Statutory Auditors thereon.MoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyFRRO cum Civil Authority, Bureau of ImmigrationSince 10 Jun 2026
Penalty Rs.2,00,000
Entry of passenger(s) into India in violation of the provision of section 3 of the Immigration and Foreigners Act, 2025 - Fine or penaltyBSE LimitedSince 30 Jun 2026
BSE levied Fine of Rs.1,71,100 (including GST) for non-submission of financial results for quarter ended March 31, 2026
Non-submission of financial results for quarter ended March 31, 2026 within stipulated timeline as mentioned in LODR Regulations - Tax disputeCustom AuthoritiesSince 5 Aug 2024Review petion filed by Custom Authorities for reviewing Supreme Court order dated 14/07/2025 has been rejected by Hon'ble Supreme Court on 17/02/26.
At the filing before: The company has disputed levy of IGST by Custom authorities on re-import of various aircraft engine/equipment repaired outside India, which is in the opinion of the Management and based on expert advice obtained, is not subject to such levy. Accordingly, these amounts have been paid under protest and considered as recoverable. In January 2021, the Company has received favourable order in reference to one of the matters for which tax is paid under protest, from the Customs Excise and Service Tax Appellate Tribunal (‘CESTAT’), New Delhi. The customs authorities have filed an appeal before the Hon’ble Supreme Court of India (‘the Supreme Court’) against the CESTAT order. The matter is yet to be decided by the Supreme Court and no stay on CESTAT order has been granted by the Supreme Court till date. Further, the customs authorities vide customs amendment notification no. 36/2022 dated 19 July 2021 has amended earlier customs exemption notification to reiterate their position that IGST is applicable on re-import of goods after repair. Spicejet along with other industry players challenged this retrospective amendment before CESTAT and on order dated 05.08.24 CESTAT set aside the retrospective amendment of exemption notification. Against this order Custom authorities reached to Hon’ble Supreme Court, whereby Hon’ble SC in its order dated 14.07.25 denied to interfere in the decision of CESTAT. In an another development, based on Hon’ble Delhi High Court judgment dated 04.03.2025, in the case of InterGlobe Aviation Ltd. in W.P. (C) No. 934/2023 & Ors, in which Hon’ble High Court has confirmed that no IGST is payable on such re-import of repaired aircraft, aircraft engines and other certain aircraft parts. Accordingly, the above amounts paid under protest till 31 December 2025 have been shown as recoverable.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
At most 1 complaint open, quarter to Dec 2024.
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.