New Delhi, Nov. 13 -- SpiceJet's Board of Directors is scheduled to meet on November 18 to consider and approve a proposal to raise fresh capital, the airline said in a regulatory filing.

The development comes as the budget carrier continues to face significant financial and operational challenges, which have led to a reduction in its flight operations.

"Board of Directors of the Company is scheduled to be held on Wednesday, November 18, 2026, inter-alia, to consider and approve the proposal for raising of fresh capital," SpiceJet said in the exchange filing.

According to the filing, the fresh capital could be raised "by way of issuance of equity shares, preference shares, debt securities and/or other permissible instruments, through p...