Siti Networks Limited
Incorporated in 1992, SITI Networks Ltd is in the distribution of television channels through digital cable distribution network and allied services
What Siti files
- Important36
- Others29
- Board Meeting4
- Updates3
- Results3
SITI Networks defaulted on term loan installments, with outstanding borrowings exceeding 1,200 Cr. Its Corporate Insolvency Resolution Process (CIRP) has been reinstated, suspending the Board of Directors' powers due to ongoing legal challenges.
Siti Networks Limited has informed the Exchange certificates of MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), being the Registrar and Share Transfer Agent of the Company, pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.
SITI Networks remains in default on INR 1,206 Cr in bank term loan instalments. The company's insolvency process is complex, with the Supreme Court currently staying orders for financial creditors to return funds. This adds significant uncertainty regarding debt resolution.
Siti Networks Limited has informed the Exchange regarding Change in Auditors of the company.
Siti Networks is undergoing Corporate Insolvency Resolution Process (CIRP) with a 1,206.03 Cr default on loans. A Supreme Court stay prevents financial creditors from returning funds appropriated during an earlier CIRP stay, delaying resolution.