Tuesday, February 15, 2022

SpiceJet board to meet today to approve Q3 financials

Low cost carrier SpiceJet said its board will meet on February 15 to consider and approve the third-quarter earnings. The meeting was earlier scheduled on Monday.

The decision to defer the meeting was taken after the audit committee's meeting on February 14 to approve third-quarter financial results remained 'inconclusive' and was adjourned to Tuesday, SpiceJet said in a stock exchange filing.

"We wish to update that the Board Meeting of the Company scheduled

to be held on February 14, 2022 could not commence as the meeting of the Audit Committee for approval of the unaudited standalone and consolidated financial results for the third quarter ended December 31, 2021 remains inconclusive and adjourned to February 15, 2022 due to paucity of time," read the statement issued on Monday.

Further, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window is also closed up to February 17, 2022 (end of the day).

Notably, former promoter of SpiceJet Kalanithi Maran rejected the offer made by the airline for a one-time settlement to end the long-standing share-transfer dispute between the two parties, the Supreme Court was informed on February 14.

15/02/22 Moneycontrol

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