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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SpiceJet submitted three Monitoring Agency Reports from CARE Ratings for the quarter ended March 31, 2025, tracking use of funds from three capital raises. The first covers a Rs. 494.09 crore preferential issue to Spice Healthcare (allotted September 2023), where the company received the remaining Rs. 294.04 crore only in March 2025 and used just Rs. 5 crore during the quarter, with Rs. 289 crore still parked in Yes Bank FDRs at 7.82% interest. The second covers a Rs. 2,241.50 crore preferential issue of shares and warrants (allotted January–February 2024), which was undersubscribed — only Rs. 1,060 crore was raised and Rs. 381.81 crore is still awaited, with an earlier over-utilization of Rs. 38.88 crore towards ATF expenses also flagged. The third report covers a Rs. 3,000 crore Qualified Institutional Placement allotted in September 2024. No deviations from stated objects were reported, but delays in deployment were noted, with full utilization now expected by July 2025.
The reports highlight slow deployment of recently raised capital and confirm SpiceJet remains loss-making at the PAT level in 9MFY25 despite multiple fundraises, which may keep investor concerns about the company's financial turnaround elevated.