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Awaiting price reaction for this filing.
SpiceJet's Board of Directors, at its meeting on November 12, 2025, approved the appointment of Mr. Chandan Sand as an Executive Director, subject to security clearance from the Ministry of Civil Aviation and other regulatory approvals. Mr. Sand has been with SpiceJet since June 2001, over 24 years, and currently heads the legal, aircraft acquisition, leasing & financing, procurement, and Company Secretary functions. He will continue to serve as Company Secretary alongside his new Executive Director role. He is a commerce and law graduate, an XLRI Jamshedpur alumnus, and a fellow member of ICSI. He holds no directorship in any other listed entity and is not debarred from accessing capital markets.
This is an internal elevation of a long-serving executive rather than an external hire, signalling leadership continuity. The appointment is conditional on regulatory clearances, so it is not yet effective, and shareholders should watch for confirmation once approvals are received.