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“The board of directors of the company in its meeting scheduled on December 11, 2023 (Monday) will discuss and consider, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis,” the company stated in regulatory filing.
On the aforementioned date, the company’s board will also consider and approve, inter-alia, the unaudited standalone and consolidated financial results for the second quarter ended 30 September 2023.
SpiceJet is principally engaged in the business of providing air transport services for the carriage of passengers and cargo.
The company reported consolidated net profit of Rs 197.65 crore in Q1 FY24 as against net loss of Rs 783.73 crore recorded in Q1 FY23. Net sales declined 19.1% to Rs 1,917.43 crore in Q1 FY24 over Q1 FY23.
The scrip hit a 52 week high at Rs 52.29 in intraday today.
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