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SpiceJet has informed BSE that it will declare its financial results for the quarter ended June 30, 2025 on September 5, 2025, instead of the usual timeline. The delay is because the company's previous statutory auditor, M/s Walkers Chandiok & Co LLP, resigned on June 13, 2025, creating a casual vacancy. To fill this, M/s Kalyaniwalla & Mistry LLP has been proposed as the new statutory auditor, subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for September 4, 2025. The financial results will be released only after the EGM approves the new auditor and the Board meeting on September 5, 2025 approves the results along with a limited review report. The trading window for dealing in SpiceJet securities will remain closed until September 7, 2025.
This mid-year auditor change may raise concerns among shareholders, as sudden resignations of auditors can sometimes signal underlying financial or governance issues. Investors should watch the new auditor's limited review report on September 5 closely for any qualifications or concerns, as this will be the first independent check on the company's Q1 FY26 numbers under the new auditor.