InterGlobe Aviation Limited has issued a comprehensive clarification to stock exchanges on December 12, 2025, addressing media reports regarding an alleged SEBI investigation. The company has categorically denied receiving any communication from the securities regulator concerning any assessment or examination.

Official Response to Stock Exchange Queries

The clarification was issued in response to specific queries from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) dated December 11, 2025. The queries referenced a news article published on Moneycontrol.com captioned "SEBI examining whether IndiGo's parent failed in disclosures: board's role also under scrutiny."

Company's Position on SEBI Communication

InterGlobe Aviation has explicitly stated that it has not received any communication from SEBI indicating that any assessment or examination has been commenced. The company emphasized that the information reported in the news article is factually incorrect. However, the airline operator acknowledged receiving various queries and requests for information from NSE and BSE in connection with ongoing obligations under SEBI LODR Regulations, 2015, which have been duly responded to in a timely manner.

Regulatory Compliance and Transparency

In its official letter signed by Company Secretary and Chief Compliance Officer Neerja Sharma, InterGlobe Aviation clarified that it is not aware of any information that has not been announced to stock exchanges which could explain any price movement. The company stated it cannot determine the impact of the news item on its operations.

The company reaffirmed its commitment to making appropriate disclosures in compliance with applicable laws as and when required. This response was furnished pursuant to the specific query raised by stock exchanges and in compliance with Regulation 30(10) of LODR Regulations, demonstrating the company's adherence to regulatory transparency requirements.

Interglobe Aviation Limited has received a penalty order of ₹58.75 crores from tax authorities, which the company disclosed in a regulatory filing. The Additional Commissioner of CGST, Delhi South Commissionerate issued the penalty order.

Penalty Details and Background

The penalty order pertains to the financial year 2020-21 and involves GST demand along with penalty charges. The department has raised concerns regarding GST compliance during that period, resulting in the penalty amount.

Company's Response and Legal Strategy

Interglobe Aviation has expressed strong disagreement with the penalty order, stating that it believes the order passed by the authorities is erroneous. The company has indicated confidence in its position, backed by professional advice from external tax advisors.

The airline operator plans to contest the penalty order before the appropriate authority. The company believes it has a strong case on merits, suggesting that it will challenge the department's interpretation and application of GST regulations for the period in question.

Financial and Operational Impact

According to the company's disclosure, there is no significant impact on financials, operations, or other activities due to this penalty order. This assessment suggests that the company views the penalty as a regulatory dispute rather than a material financial burden that would affect its ongoing business operations.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with investors and regulatory authorities regarding material developments that could potentially affect stakeholder interests.