SpiceJet Limited, one of India's leading airlines, has announced a delay in the release of its financial results for the quarter ended June 30. The company will now present its Q1 results on September 5, following a change in its statutory auditors.

Auditor Transition

The delay stems from the resignation of SpiceJet's previous statutory auditors, Walkers Chandiok & Co LLP, effective June 13. This resignation has created a casual vacancy in the company's auditing position. To address this, SpiceJet has proposed the appointment of M/s Kalyaniwalla & Mistry LLP as its new statutory auditors.

Extraordinary General Meeting

SpiceJet has scheduled an Extraordinary General Meeting (EGM) for September 4, at 11:30 a.m. through video conference. During this meeting, shareholders will vote on the appointment of M/s Kalyaniwalla & Mistry LLP as the new statutory auditors. Chandan Sand, Sr. VP (Legal) & Company Secretary of SpiceJet, stated that upon approval, the new auditors will provide a limited review report for the quarterly results.

Financial Results Announcement

Assuming the appointment is approved at the EGM, the Board of Directors will meet on September 5 to consider and approve the financial results for the quarter ended June 30. These results will be accompanied by the limited review report from the newly appointed auditors.

Trading Window Closure

In compliance with SEBI regulations, SpiceJet has announced that the trading window for dealing in the company's securities will remain closed until September 7. This measure is taken to prevent insider trading during this sensitive period.

Fleet Expansion Plans

In a separate announcement, SpiceJet revealed plans to expand its fleet ahead of the upcoming winter schedule. The airline has finalized lease agreements for five additional Boeing 737 aircraft, bringing its total new fleet additions to 10. These aircraft are expected to join the fleet starting in early October and will remain with the airline until May 2026.

Debojo Maharshi, Chief Business Officer of SpiceJet, commented on the fleet expansion: "SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons. With the induction of these additional Boeing 737s, we are ensuring that our passengers have more choices, greater connectivity, and a reliable, on-time travel experience."

The company is also in advanced discussions to lease more aircraft to further strengthen its fleet for the winter schedule.

As SpiceJet navigates through this period of auditor transition and fleet expansion, investors and stakeholders will be keenly awaiting the Q1 results announcement on September 5 for insights into the airline's financial performance and future outlook.

SpiceJet , one of India's leading airlines, has announced a significant expansion of its fleet, aiming to meet the surge in travel demand for the upcoming winter season and beyond. The airline has finalized lease agreements for a total of 10 Boeing 737 aircraft, demonstrating its commitment to enhancing connectivity and passenger experience.

Fleet Expansion Details

SpiceJet's latest move includes:

• Lease agreement for five additional Boeing 737 aircraft, announced on August 13, 2025
• Previous announcement last month for inducting five Boeing 737s from another operator
• Total new fleet additions: 10 aircraft

Arrival and Deployment Schedule

The newly leased aircraft are set to join SpiceJet's fleet according to the following timeline:

• Most aircraft will arrive in early October 2025
• A few are scheduled to arrive a couple of weeks earlier
• The aircraft will serve through the peak winter season of 2025-2026
• Operations will extend into the early summer season of 2026
• The lease arrangements are set to conclude in May 2026

Lease Arrangements and Future Plans

SpiceJet has opted for damp lease arrangements for these aircraft, which typically include the provision of the aircraft along with crew members. This strategy allows for quicker integration into the airline's operations.

The airline is not stopping at these 10 aircraft. According to the press release, SpiceJet is in advanced discussions to lease even more aircraft ahead of the winter 2025 schedule, indicating a robust expansion strategy.

Strategic Objectives

Debojo Maharshi, Chief Business Officer of SpiceJet, emphasized the airline's readiness to meet the increasing travel demand. He stated, "SpiceJet is fully geared to meet the surge in travel demand for the upcoming winter and early summer seasons. With the induction of these additional Boeing 737s, we are ensuring that our passengers have more choices, greater connectivity, and a reliable, on-time travel experience."

Impact on Passenger Experience

The fleet expansion is expected to bring several benefits to SpiceJet's passengers:

• Increased flight options and frequencies
• Enhanced connectivity across SpiceJet's network
• Improved reliability and on-time performance
• Potential for new route additions

As SpiceJet continues to strengthen its position in the Indian aviation market, this fleet expansion represents a significant step towards meeting the growing demands of air travelers in India. The airline's focus on reliability and enhanced connectivity aligns with its goal of making air travel more accessible and convenient for passengers across the country.