The airline's leadership will evaluate instruments including equity shares, preference shares, and debt securities through qualified institutions placements or preferential issues. In tandem, the carrier's trading window remains closed as it manages reduced flight operations and financial headwinds. Compounding these strains, the Delhi High Court rejected a request from the airline and Managing Director Ajay Singh for more time to deposit Rs 144.51 crore. The court also turned down an offer of an unencumbered Gurugram property as security after the carrier missed an earlier Rs 50 crore payment commitment.
Key points
SpiceJet faces escalating legal obligations after failing to satisfy a court-mandated Rs…: SpiceJet faces escalating legal obligations after failing to satisfy a court-mandated Rs 50 crore deposit within 45 days.
The company has closed its securities trading window indefinitely while actively seeking…: The company has closed its securities trading window indefinitely while actively seeking capital to address restricted flight operations.
SpiceJet's market capitalization reached Rs 1,323.13 crore following a 4.96 percent incre…: SpiceJet's market capitalization reached Rs 1,323.13 crore following a 4.96 percent increase in its share price.
Sources checked by our analysis pipeline: 1
New Delhi: SpiceJet's Board of Directors is scheduled to meet on November 18 to consider and approve a proposal to raise fresh capital, the airline said in a regulatory filing.
The development comes as the budget carrier continues to face significant financial and operational challenges, which have led to a reduction in its flight operations.
"Board of Directors of the Company is scheduled to be held on Wednesday, November 18, 2026, inter-alia, to consider and approve the proposal for raising of fresh capital," SpiceJet said in the exchange filing.
According to the filing, the fresh capital could be raised "by way of issuance of equity shares, preference shares, debt securities and/or other permissible instruments, through preferential issue, qualified institutions placement or any other mode."
The airline further stated that the "Trading Window for dealing in securities of the Company shall remain closed till further notice."
Meanwhile, SpiceJet has also faced setbacks in its ongoing legal dispute with Kalanithi Maran and KAL Airways.
On Tuesday, the Delhi High Court dismissed the airline's plea seeking additional time to deposit Rs 144.51 crore…
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