Spicejet Ltd — Updates, 30-05-2025: Company Update

SpiceJet has announced its Annual Secretarial Compliance Report highlighting full compliance with applicable laws except for a few procedural delays and non-compliances during the year. The board and audit committee meetings exceeded the mandated 120-day gap due to medical incapacitation of a key audit committee member, resulting in penalties. There were delayed submissions of quarterly and annual financial results, monitoring agency reports, and related party transaction disclosures, for which fines have been paid. The audit committee chairperson missed the Annual General Meeting for health reasons. The company has procured software to maintain unpublished price sensitive information but has yet to record any entries. Remedial measures are underway to improve compliance adherence.