SpiceJet on DGCA review: routine monitoring, not a new safety finding; no undisclosed talks
SpiceJet has replied to a BSE query on an NDTV Profit report of September 22, 2026 about the DGCA reviewing the airline's finances.
- DGCA Spot Checks (2024)
- 266 DGCA spot checks in 2024
- Level 1 Findings (2025)
- zero Level 1 findings in 2025
- IOSA Certification Renewed
- March 2025
- IOSA Validity
- valid until March 2027
- News Report Date
- September 22, 2026
What the company said
SpiceJet has issued a clarification to the stock exchanges in response to a query about an NDTV Profit news item published on September 22, 2026, captioned "SpiceJet Under Financial Scrutiny as DGCA Reviews Airline's Finances, Says Ram Mohan Naidu", and the consequent movement in the price of its securities.
The company said it is aware of the regulatory monitoring/review by the Directorate General of Civil Aviation (DGCA) concerning the broader operational and financial position of the airline. It added that this monitoring should not be construed or represented as a new declaration or finding of safety concerns against the company, and that DGCA routinely undertakes safety audits, surveillance and spot checks of airlines as part of its regulatory oversight.
Safety oversight the company cited
- DGCA conducted 266 spot checks on SpiceJet during 2024 as part of enhanced surveillance, following which the company was removed from the enhanced surveillance regime after the identified deficiencies were suitably rectified.
- During 2025, SpiceJet was the only airline which recorded zero Level 1 findings in DGCA safety audits.
- The company renewed its IATA Operational Safety Audit (IOSA) certification in March 2025, following a comprehensive international audit of its operational management and control systems, with the certification valid until March 2027.
On the news report and trading movement
The company said it is not aware of any negotiations, arrangements or transactions of the nature referred to in the news item which have not already been disclosed to the stock exchanges and which require disclosure. It also said it is not aware of any material information, event or development relating to the news item, other than information already in the public domain or already disclosed by the company, which could explain the movement in the trading of its securities.
The company stated that the movement in the market price of its securities is market-driven and that it is not in a position to comment on the specific reasons for such movement.
On regulatory or legal proceedings
The company said it is subject to the regulatory oversight and monitoring of DGCA in the ordinary course of its operations, and that it is not aware of any new regulatory or legal proceeding arising specifically from the news item. It also said that since the matters in the news item do not, to its knowledge, constitute any new material event or information, no separate disclosure was required to be made.
How to read this
This is a rumour-verification and clarification update: the exchange asked, and the company answered in writing signed by its Company Secretary. The company's stated position is that the DGCA monitoring is part of ongoing regulatory oversight, not a new safety finding, and that it holds no undisclosed information behind the share movement. For a reader, the two anchors in the update are the operational record the company cites — 266 spot checks in 2024, zero Level 1 findings in 2025 and an IOSA certification valid until March 2027 — and its confirmation that it is aware of DGCA monitoring covering its broader operational and financial position.
Also from Spicejet
SpiceJet Chairman and Managing Director Ajay Singh was in conversation about a recent flight incident, teased for a separate interview
1 Oct 2026
More numbers
- DGCA spot checks conducted on SpiceJet during 2024266
- Level 1 findings recorded by SpiceJet in DGCA safety audits during 2025zero
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