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
- Results3
- Updates3
Siti Networks released audited FY25 financials, reporting ₹195.30 Cr standalone and ₹213.26 Cr consolidated net loss, with severe negative net worth. Company faces major going concern uncertainty under CIRP. Auditors flagged unreconciled claims, unprovided interest, and alleged ₹325.49 Cr fraudulent transactions by former management.
Siti Networks (under CIRP) filed its FY25 financial results, bypassing its Annual General Meeting. This was due to MCA system blocks for companies in insolvency and procedural hurdles with the Registrar regarding the RP's authority to convene shareholder meetings. The company is in CIRP due to an INR 148.83 Cr...
SITI Networks, under insolvency, is struggling to get an extension for its Annual General Meeting. Regulatory authorities have rejected requests, questioning the ability of companies under resolution to hold AGMs. The company is actively working to resolve this issue.