IndiGo’s stock came under sharp pressure on Monday, slipping more than 4% today after the Directorate General of Civil Aviation (DGCA) issued a final deadline to the airline’s CEO, Pieter Elbers, to respond to its show-cause notice regarding last week’s widespread flight disruptions. As of 9:22 AM, the shares were trading 3.82% lower at Rs 5,165.50.
The regulator granted Elbers an additional 24 hours on Sunday—based on his request—to file a detailed explanation. But the DGCA made it clear that this extension is the last one, stressing that no further exemptions will be given beyond 6 PM on Monday. If the reply is not submitted within the stipulated time, the regulator said it will proceed ex parte, essentially moving forward without IndiGo’s representation.
The aviation body continues to monitor the situation as flight operations gradually normalise after days of chaos that left thousands of passengers stranded across major airports. The disruptions peaked on Saturday, when IndiGo reported more than 1,000 flight cancellations in a single day—the highest cancellation count ever recorded by an Indian airline.
The uncertainty around regulatory action and the scale of operational setbacks weighed heavily on investor sentiment, dragging the stock lower in early trade. Market participants are now watching closely for the DGCA’s next move, as well as IndiGo’s detailed explanation, which could influence both regulatory outcomes and the stock’s near-term direction.
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