SpiceJet said on Friday, November 13, that it will announce its overdue financial results by December 7, days after the Bombay Stock Exchange (BSE) warned it would suspend trading in the cash-strapped airline's shares if it failed to comply, Reuters reported.

Source: Reuters via The Hindu BusinessLine

In a notice on Monday, BSE said trading in SpiceJet shares would be suspended from December 10 because the airline has not filed results for the March and June quarters. The suspension will not take effect if the airline meets the listing requirements to the exchange's satisfaction by December 7. During any suspension, shares held by SpiceJet's controlling shareholders, along with other securities in their electronic accounts, would be frozen.

The airline said the delay was caused by the longer time taken to complete its audit. SpiceJet last reported results in February, posting a consolidated net loss of Rs 262 crore for the October-December 2025 quarter. Indian listing rules require companies to report quarterly results within 45 days of the end of each quarter, except the final quarter of the financial year.

Dec 7Deadline to file overdue results
Dec 10Trading suspension date if missed
Rs 262 croreLast reported quarterly net loss
0.6%Domestic market share, down from nearly 15%

The deadline underlines how far the airline has shrunk: its share of India's domestic aviation market - the world's third largest - has fallen to about 0.6 per cent from nearly 15 per cent, and Informist reported its active fleet is down to around 12 aircraft. The company has also received an extension from the Registrar of Companies to hold its annual shareholder meeting for the year ended March 2026 by December 31.

Source: Informist Media

SpiceJet's board is scheduled to meet on November 18 to consider raising fresh capital through shares, debt securities or other instruments - a plan a December trading halt could complicate. Chairman and managing director Ajay Singh held about 12 per cent of the airline as of March 31, with the wider control group at 24.2 per cent.

What happens next: all eyes are on the November 18 board meeting and then the December 7 filing deadline. If the results land in time, the suspension is avoided; if not, trading stops on December 10 and the promoters' holdings are frozen until the exchange is satisfied.