Spicejet Ltd — Important, 19-11-2025: Company Update

SpiceJet has allotted 83,34,091 new equity shares to GASL Aviation Holdings Limited, an aircraft lessor. These shares, with a face value of Rs. 10 each and an issue price of Rs. 42.32 per share, were issued on a preferential basis. This allotment converts existing outstanding dues of USD 4,000,000 owed to the lessor into equity. This move helps SpiceJet reduce its debt burden by settling liabilities through a non-cash transaction, strengthening its financial position by converting debt into equity.