Please find attached Outcome of the 41st AGM of SpiceJet Limited
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SpiceJet held its 41st AGM on September 30, 2025 via video conference, chaired by CMD Ajay Singh, lasting about 34 minutes (e-voting closed at 12:49 p.m.). Six resolutions were transacted, including routine items like adoption of FY25 audited financials, re-appointment of director Shiwani Singh, and appointment of Kalyaniwalla & Mistry LLP as statutory auditors. Two special resolutions approved preferential issue of equity shares to aircraft lessors and to GASL Aviation Holdings Limited in lieu of converting their outstanding dues into equity. A new secretarial auditor, M/s Mahesh Gupta & Co., was also appointed. Shareholders raised queries on fleet expansion, fund-raising, operating costs, and new flights, with management providing an overview of operational and financial outlook. The scrutinizer's detailed voting results report will be filed separately under SEBI LODR Regulation 44(3).
The two special resolutions enabling debt-to-equity conversion with lessors and GASL Aviation Holdings could result in equity dilution for existing shareholders, but they may also help reduce the airline's liability burden. Investors should watch for the separate scrutinizer's report to confirm the final vote counts and outcome of each resolution.