Spicejet Annual Report
CONTENTS
Particulars Notice Directors’ Report Management Discussion and Analysis Corporate Governance Report Auditors’ Report Balance Sheet Profit & Loss Account Cash flow Statement Schedules to Financial Statements Note to Accounts Balance Sheet Abstract Page No. 1 11 16 27 37 42 43 44 46 53 68
Intentionally Left Blank
Registered Office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028
N O T I C E I S H E R E B Y G I V E N T H AT T H E T W E N T Y S E V E N T H A N N U A L G E N E R A L MEETING OF THE SHAREHOLDERS OF SPICEJET LIMITED WILL BE HELD ON THURSDAY, THE 29 TH DAY OF SEPTEMBER, 2011 AT 10.00 A.M. AT THE KALAIGNAR ARANGAM, ANNA ARIVALAYAM, 367/369, ANNA SALAI, TEYNAMPET, CHENNAI – 600 018 TO TRANSACT THE FOLLOWING BUSINESS: Ordinary Business 1. 2. To consider and adopt the Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon. To appoint M/s S. R. Batliboi & Associates, Chartered Accountants, retiring auditors, as the Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on such remuneration as may be fixed by the Board.
Special Business 3. To consider and if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution: “Resolved that Mr. Kalanithi Maran, in respect of whom the Company has received a notice pursuant to the provisions of Section 257 of the Companies Act, 1956 proposing his candidature to the office of director, be and is hereby appointed as director of the Company liable to retire by rotation.” 4. To consider and if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution: “Resolved that Mrs. Kavery Kalanithi, in respect of whom the Company has received a notice pursuant to the provisions of Section 257 of the
Particulars Notice Directors’ Report Management Discussion and Analysis Corporate Governance Report Auditors’ Report Balance Sheet Profit & Loss Account Cash flow Statement Schedules to Financial Statements Note to Accounts Balance Sheet Abstract Page No. 1 11 16 27 37 42 43 44 46 53 68
Intentionally Left Blank
Registered Office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028
N O T I C E I S H E R E B Y G I V E N T H AT T H E T W E N T Y S E V E N T H A N N U A L G E N E R A L MEETING OF THE SHAREHOLDERS OF SPICEJET LIMITED WILL BE HELD ON THURSDAY, THE 29 TH DAY OF SEPTEMBER, 2011 AT 10.00 A.M. AT THE KALAIGNAR ARANGAM, ANNA ARIVALAYAM, 367/369, ANNA SALAI, TEYNAMPET, CHENNAI – 600 018 TO TRANSACT THE FOLLOWING BUSINESS: Ordinary Business 1. 2. To consider and adopt the Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon. To appoint M/s S. R. Batliboi & Associates, Chartered Accountants, retiring auditors, as the Auditors of the Company, who shall hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on such remuneration as may be fixed by the Board.
Special Business 3. To consider and if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution: “Resolved that Mr. Kalanithi Maran, in respect of whom the Company has received a notice pursuant to the provisions of Section 257 of the Companies Act, 1956 proposing his candidature to the office of director, be and is hereby appointed as director of the Company liable to retire by rotation.” 4. To consider and if thought fit, to pass, with or without modifications, the following resolution as an Ordinary Resolution: “Resolved that Mrs. Kavery Kalanithi, in respect of whom the Company has received a notice pursuant to the provisions of Section 257 of the