SpiceJet's board of directors is set to meet on November 18, 2026, to discuss and potentially approve raising fresh capital through the issuance of equity shares and other financial instruments. This move aims to strengthen the airline's financial position amid recent challenges and market fluctuations.
- SpiceJet plans to raise capital via equity shares, preference shares, debt securities, or other permissible instruments.
- The board's proposal requires shareholder and regulatory approvals before implementation.
- The airline's shares increased by nearly 5% on November 13, 2026, reaching an intraday high of ₹8.67 per share.
- SpiceJet's market capitalization stood at ₹1,323.13 crore as of November 13, 2026.
- The company has faced financial scrutiny and reported losses in recent quarters.
Why is SpiceJet raising capital now?
SpiceJet is considering raising capital to improve its financial health. The airline has faced financial difficulties, including a net loss of ₹261 crore in the third quarter of the 2025-26 financial year. Additionally, it has been under financial scrutiny by the Directorate General of Civil Aviation (DGCA) since September 2026. Raising capital through equity shares and other instruments could provide the necessary funds to stabilize operations and support growth.
How will SpiceJet raise the capital?
The company plans to raise capital by issuing equity shares, preference shares, debt securities, or other permissible instruments. These may be offered through preferential issues, qualified institutions placements (QIPs), or other methods deemed appropriate by the board. The exact mode of raising funds will be decided during the board meeting and will require approvals from shareholders and regulatory authorities.
What is the current status of SpiceJet's shares?
On November 13, 2026, SpiceJet shares hit a 5% upper circuit, trading at an intraday high of ₹8.67 per equity share. The stock has seen a nearly 13% increase over the past week but has declined 32% over the last six months and 71% year-to-date. The shares reached a 52-week high of ₹37.90 in November 2025 and a low of ₹7.40 in October 2026.
What financial challenges has SpiceJet faced recently?
SpiceJet reported a consolidated net loss of ₹261 crore in the third quarter of the 2025-26 financial year, compared to a profit of ₹20.4 crore in the same quarter the previous year. Despite this loss, revenue from operations increased by 13.8% year-on-year to ₹1,408 crore. The airline's EBITDA loss widened to ₹128 crore from ₹81 crore in the previous year. Additionally, SpiceJet has not filed its quarterly financial reports with the Bombay Stock Exchange since the fourth quarter of FY26.
What approvals are needed for the capital raise?
The board's proposal to raise capital is subject to several approvals, including those from the company's shareholders and regulatory authorities. These approvals ensure that the capital raising process complies with legal and financial regulations and protects the interests of investors and stakeholders.
