By Malvika Gurung

Investing.com — The board of the low-cost air carrier Spicejet (BO:) will meet on February 15 to approve its quarterly earnings for the Oct-Dec 2021 period.

The meeting was originally scheduled for February 14 but had to be pushed a day later. The carrier intimated the exchange in a late filing on Monday, regarding the adjournment.

According to the filing, the meeting of the audit committee for approval of the unaudited standalone and consolidated financial results for the quarter ending December 2021 could not start on Feb 14, the scheduled date, and remains inconclusive, thereby adjourning the meeting to February 15, due to ‘paucity of time’.

The low-cost carrier’s board will now meet on Feb 15 to consider and approve, inter-alia, the unaudited standalone and consolidated financial results for Q3 FY22.

Besides, the airline’s former promoter Kalanithi Maran and his company KAL Airways turned down the one-time settlement offer made by SpiceJet, of Rs 600 crore on Monday, in an attempt to end the long-standing share transfer issue between the two parties.

Senior counsel Maninder Singh, Maran’s lawyer informed the Supreme Court on Monday that the total amount owed to Maran was about Rs 920 crore, thereby they would not accept an offer of Rs 600 crore towards the settlement of pending disputes.

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