SpiceJet gets more time to hold annual general meeting

SpiceJet today said it will hold its annual general meeting on or before November 30 after getting two months more time from the government to conduct the AGM.
In a regulatory filing, the carrier said it has obtained an extension of two months for conducting the AGM from the Registrar of Companies (NCT of Delhi & Haryana).
"Accordingly, the 33rd AGM of the company will be held on or before November 30, 2017," it said.
The specific reasons for seeking an extension could not be immediately ascertained.
Under the Companies Act, 2013, AGM has to be conducted within six months of the closure of the financial year, March 31.

The airline reported a net profit of Rs 430.7 crore for the year ended March 2017.
Shares of SpiceJet declined nearly one per cent to close at Rs 127.20 on the BSE.