The company said that the operating revenues were at Rs 3,002.1 crore against Rs 2,220.4 crore for the corresponding quarter last year.
Gangwal had written to Sebi on July 8 seeking its intervention to address what he called corporate governance issues at Indi-Go.
In order to ensure the independence of directors, a head hunting firm will be appointed by the board to search for directors.
The steep claims push the airline closer to the final option of liquidation.
Indra Nooyi, former CEO of beverage giant Pepsico, has been approached by the company to be appointed a director on the board, it is learnt.