SpiceJet will hold its FY24 annual general meeting (AGM) on December 30, 2023. The meeting will focus on key resolutions, including raising the company’s authorised share capital, re-appointing directors, and adopting financial statements. This gathering is crucial for finalising decisions that support the airline’s growth.
Key agenda for the FY24 annual meeting
The AGM will seek shareholder approval to raise the authorised share capital from ₹15,000 crore to ₹20,000 crore. This increase aims to facilitate the infusion of fresh capital. The additional funds will strengthen SpiceJet’s financial stability and enable it to pursue growth opportunities.
Leadership appointments to be finalised
The airline plans to re-appoint Ajay Singh as a director, ensuring continued leadership. Additionally, SpiceJet will appoint Sonum Gayatri Malhotra as an independent director. These decisions will help create a balanced and skilled board to steer the company forward.
Adoption of FY24 financial statements
Another key agenda item is the approval of audited financial statements for the 2023-24 fiscal year. This step reinforces transparency and compliance with regulatory requirements.
Shaping the future
SpiceJet’s AGM is vital for addressing operational challenges and driving growth. With the proposed changes, the airline aims to improve its financial position and strengthen its leadership. Shareholder approval during this meeting will mark a step forward in achieving these goals.
