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On June 13, 2025, SpiceJet's Board accepted the resignation of statutory auditor Walker Chandiok & Co LLP, effective after completing the FY25 audit. According to the resignation letter, the reason was that the auditor's 5-year term was ending at the upcoming AGM, and SpiceJet had begun discussions to engage Walker Chandiok for certain non-audit services, which the firm believed would impair independence. To fill the resulting casual vacancy, the Board appointed Kalyaniwalla & Mistry LLP (ICAI Firm Registration No. 104607W/W100166), a 1928-established firm and part of the Mazars global network, subject to shareholder approval at the next general meeting. The same change applies to material subsidiary SpiceXpress and Logistics Private Limited. The transition appears to be a routine auditor rotation rather than a governance or accounting dispute.
Routine statutory auditor change at the natural end of a 5-year term with no governance red flags or disagreements disclosed. Minor administrative event for shareholders; new auditor appointment is subject to approval at the next AGM. No material impact on stock is expected.