After settlement /waivers, the amount will reduce to $97.51 million owed to various lessor entities managed by CAML or its affiliates. The company will issue such number of equity shares at a price of Rs 100 per share, subject to an aggregate amount of not more than $30 million. Lessors will also consider purchasing, via the exchange of lease arrears, compulsorily convertible debentures (CCDs) of SpiceXpress & Logistics (a subsidiary of the company) in a principal amount of $20 million, ranking senior to all other existing and future equity or equity-linked securities of SpiceXpress. In connection with the satisfaction of the accrued but unpaid lease payment(s) and other obligations of SpiceJet after adjustment of various waivers/credits to be given by Lessors, that includes amongst others, late interest, engine shortfalls, rent and maintenance on grounded aircraft, it is agreed that SpiceJet will issue equity shares and also transfer CCDs to the Lessors. SpiceJet is a low-budget air carrier. The airline operates a fleet of Boeing 737s, Q-400s & freighters and is the country's largest regional player operating 63 daily flights under UDAN or the Regional Connectivity Scheme. The airline also operates a dedicated air cargo service under the brand name SpiceXpress offering cargo connectivity across India and on international routes. The low-cost air carrier standalone net profit declined 26.69% to Rs 149.96 crore on 15.3% fall in revenue from operations to Rs 1,695.52 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

The headline equity benchmarks pared some gains and traded in positive terrain in morning trade. The Nifty traded below the 24,300 level. IT shares witnessed buying demand for the fifth consecutive trading session. At 10:27 IST, the barometer index, the S&P BSE Sensex jumped 456.10 points or 0.58% to 79,561.98. The Nifty 50 index added 129.95 points or 0.54% to 24,273.70. In the broader market, the S&P BSE Mid-Cap index gained 0.75% and the S&P BSE Small-Cap index rose 0.82%. The market breadth was strong. On the BSE, 2,236 shares rose and 1,322 shares fell. A total of 152 shares were unchanged. Buzzing Index: The Nifty IT index gained 1.87% to 40,472.90. The index rallied 5.26% in five consecutive trading sessions. Mphasis (up 4.97%), L&T Technology Services (up 4.37%), LTIMindtree (up 3.12%), Coforge (up 2.58%), Tata Consultancy Services (up 2.4%), Wipro (up 2.3%), Persistent Systems (up 2.09%), Tech Mahindra (up 1.77%), HCL Technologies (up 1.35%) and Infosys (up 0.78%) advanced. Stocks in spotlight : Spicejet declined 1.51% after the company's consolidated net profit declined 19.8% to Rs 158 crore during the quarter as compared with Rs 197 crore posted in corresponding quarter last year. Revenue fell 15% to Rs 1,708 crore in Q1 FY25. Sunteck Realty added 1.48% after the company reported consolidated net profit of Rs 23 crore in Q1 FY25 as compared with net loss of Rs 7 crore in Q1 FY24. Revenue soared to Rs 316 crore in Q1 FY25 as compared with Rs 71 crore in same quarter last year. Paras Defence and Space Technologies was locked in 5% upper circuit after Controp-Paras Technologies, an associate company of Paras Defence and Space Technologies has received an order from Larsen and Toubro (L&T) valued at approximately Rs 305 crore.Powered by Capital Market - Live

Net profit of SpiceJet declined 19.90% to Rs 158.31 crore in the quarter ended June 2024 as against Rs 197.65 crore during the previous quarter ended June 2023. Sales declined 14.14% to Rs 1646.21 crore in the quarter ended June 2024 as against Rs 1917.43 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1646.211917.43 -14 OPM %2.9713.84 - PBDT330.49405.93 -19 PBT158.19197.63 -20 NP158.31197.65 -20 Powered by Capital Market - Live

Net profit of SpiceJet declined 26.69% to Rs 149.96 crore in the quarter ended June 2024 as against Rs 204.56 crore during the previous quarter ended June 2023. Sales declined 15.10% to Rs 1565.16 crore in the quarter ended June 2024 as against Rs 1843.63 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1565.161843.63 -15 OPM %2.2314.51 - PBDT319.81411.81 -22 PBT149.96204.56 -27 NP149.96204.56 -27 Powered by Capital Market - Live

SpiceJet will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live