Ransomware attack fallout: SpiceJet defers Q4 result announcement & board meet

NEW DELHI: SpiceJet has delayed announcing its January-March, 2022, financial result due to the recent ransomware attack it had recently suffered. The result was to be declared on May 30.
“…we are expecting delay in submission of audited standalone and consolidated financial results of the company for financial year ended March 31, 2022… due to ransomware attack on our IT systems which has affected the completion of the audit process within the stipulated time. The company is taking the corrective measures with assistance of cyber experts and authorities on the issue,” SpiceJet said in a regulatory filing Friday.
“Accordingly, the board meeting of the company scheduled to be held on May 30, 2022, is being postponed and the revised date… will be communicated shortly,” it added.