Siti Networks Ltd (SITINET) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Siti Networks Ltd on NSE and BSE, with an AI summary of each filing.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 02 Nov 2026, 5:54 pm
Siti Networks Discloses Ongoing Debt Defaults and CIRP Claims Breakdown Siti Networks disclosed ongoing term loan instalment defaults exceeding 30 days as of 30th Sep'26 across multiple lenders, including ARCIL, Axis Bank, ABFL, and IDBI Bank. Financial creditor claims stood at ₹1,206.03 crore as of 10th Aug'23 compared to ₹1,500 crore on 22nd Feb'23, matching total outstanding borrowings. The company remains under the Corporate Insolvency Resolution Process initiated on 22nd Feb'23, with Trupal J. Patel approved as Resolution Professional, while Supreme Court proceedings continue regarding lender fund remissions during the prior CIRP stay period.
This is in continuation of our earlier communications (i.e. dated October 13, 2026), pursuant to Regulations 30 of the SEBI (LODR) Regulations, 2015 as amended from time ("Listing Regulations"), ....
Others (Uncategorized) · 14 Oct 2026, 11:42 pm
NCLT Mumbai Appoints New Resolution Professional for Siti Networks NCLT Mumbai Bench approved the appointment of Mr. Trupalkumar Patel as the Resolution Professional for Siti Networks Limited under Section 27 of the IBC via an order dated 28th Sep'26, received on 12th Oct'26. The replacement follows the cancellation of the previous Resolution Professional's registration by the IBBI on 6th Aug'26, effective 6th Sep'26. The lenders approved Mr. Patel’s appointment with a 72% majority vote during the Joint Lender Meeting held on 16th Sep'26. Other related applications stand listed for hearing on 3rd Dec'26.
We would like to inform you that the Hon''ble NCLT, Mumbai, vide its order dated September 28, 2026 (received on October 12, 2026) has appointed Mr. Trupalkumar Patel (having IP Registration ....
Others (Uncategorized) · 14 Oct 2026, 2:34 am
NCLT Mumbai Appoints Resolution Professional for SITI Networks SITI Networks Limited announced that the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated 28th Sep'26 (received on 12th Oct'26), has appointed Mr. Trupalkumar Patel (IP Registration No. IBBI/IPA-001/IP-P01186/2018-19/11907) as the Resolution Professional of the company, pursuant to Regulation 30 of SEBI Listing Regulations.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Oct 2026, 11:54 pm
Siti Networks Discloses Continued Debt Defaults Amid Ongoing CIRP Proceedings Siti Networks disclosed ongoing term loan defaults continuing beyond 30 days as of 31st Aug'26, reporting total financial indebtedness and claims submitted by financial creditors at ₹1,206.03 crore as of 10th Aug'23 (revised from ₹1,500.00 crore on 22nd Feb'23). Major creditors include ARCIL (₹364.77 crore), Axis Bank (₹240.85 crore), and ABFL (₹177.94 crore). The company remains under CIRP with Trupal J. Patel appointed as Resolution Professional. Related litigations regarding lender appropriations during earlier stay periods are currently pending before the Supreme Court.
Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities
Others (Uncategorized) · 01 Oct 2026, 11:51 pm
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Sept 2026, 12:11 am
SITI Networks Discloses Default on Term Loan Payments SITI Networks reported a default on its term loan instalments as of Jul 31, '26, which continues beyond 30 days. The disclosure was made on Aug 31, '26. The lenders include ARCIL, IDBI Bank, Axis Bank, and others. The company's total outstanding borrowings from financial institutions stood at INR 1,206.03 crore as of Aug 10, '23. This filing is part of the ongoing Corporate Insolvency Resolution Process (CIRP), with related creditor claims and legal proceedings currently before the Supreme Court.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 31 Jul 2026, 9:34 pm
Siti Networks Discloses Loan Default and Revised Creditor Claims Siti Networks disclosed on 31 Jul'26, a default on term loan installments effective 30 Jun'26. The company is under a Corporate Insolvency Resolution Process (CIRP) initiated on 22 Feb'23. Total outstanding borrowings from financial institutions and banks stand at ₹1,206.03 crore based on claims submitted as of 10 Aug'23. This is a reduction from the ₹1,500 crore claimed on 22 Feb'23. Major lenders include ARCIL (₹364.77 cr), Axis Bank (₹240.85 cr), and ABFL (₹177.94 cr). Legal proceedings are ongoing at the Supreme Court.
At the outset, we wish to inform you that Siti Networks Ltd. ("the Company") is undergoing CIRP pursuant to an order dtd. February 22, 2023 ("said Order") passed by the Hon''ble NCLT, Mumbai. ....
Change in Auditor · 07 Jul 2026, 6:22 pm
SITI Networks Appoints New Statutory Auditor Amid Insolvency Proceedings SITI Networks, currently under CIRP since Feb '23, announced a change in its Statutory Auditor on 07 Jul '26. Following approval from the Committee of Creditors, M/s. Vijaya Gupta & Co. has been appointed to conduct statutory audits for FY26 and FY27. This replaces M/s. DNS & Associates, who have resigned. The appointment also covers limited reviews from Q3 FY26 through Q4 FY27. This key change in oversight occurs as the company navigates its ongoing insolvency resolution process.
Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities
Others (Uncategorized) · 02 Jul 2026, 5:58 pm
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Jul 2026, 4:13 am
Siti Networks Discloses Default on Term Loan Instalments Siti Networks Limited has defaulted on its term loan instalments as of 31 May'26, an event continuing for over 30 days. The disclosure was made on 30 Jun'26. The default pertains to obligations owed to a consortium of lenders including ARCIL, IDBI Bank, RBL, Axis Bank, and others. Total claims submitted by financial creditors amount to ₹1,500 crore as of 22 Feb'23. The company is currently under a Corporate Insolvency Resolution Process (CIRP), with related matters and creditor appeals pending before the Supreme Court.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Jun 2026, 6:50 pm
SITI Networks Discloses Default on Term Loan Instalments SITI Networks Limited disclosed on 1 Jun'26 a default on term loan instalments due on 30 Apr'26. The default, continuing beyond 30 days, involves multiple lenders including ARCIL, IDBI Bank, and Axis Bank. The total claim amount submitted by lenders was ₹1,206.03 crore as of 10 Aug'23, increasing to ₹1,500 crore by 22 Feb'23. The company is currently under a Corporate Insolvency Resolution Process (CIRP), which was initiated on 22 Feb'23, with related appeals pending before the Supreme Court.
<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
Others (Uncategorized) · 01 May 2026, 3:47 am
SITI Networks Confirms It Is Not a Large Corporate SITI Networks Limited filed an undertaking on 30 Apr'25, confirming it does not meet the criteria of a "Large Corporate" under SEBI's circular. The filing cites outstanding borrowings of ₹1,500.00 crore based on claims submitted on 22 Feb'23 and ₹1,206.03 crore from claims on 10 Aug'23. The company also noted it has no applicable credit rating. This classification exempts it from mandatory bond issuance rules. The company is currently under a Corporate Insolvency Resolution Process initiated on 22 Feb'23.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 May 2026, 12:19 am
SITI Networks Reports Default on Loan Repayments and Interest SITI Networks disclosed on 30 Apr'26 a default on term loan instalments to several lenders, effective 31 Mar'26. The lenders include ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, and others. The company is currently under a Corporate Insolvency Resolution Process (CIRP), which was initiated on 22 Feb'23. Total claims submitted by financial creditors stood at INR 1,206.03 crore as of 10 Aug'23. The largest claims are from ARCIL (INR 364.77 cr) and Axis Bank (INR 240.85 cr).
Pursuant to applicable Regulations of the SEBI (LODR) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations") including Regulation 30, this is to inform you that the Un-audited ....
Financial Result · 08 Apr 2026, 12:08 am
SITI Networks Limited - Financial Result for the Quarter ended 30th Sep'25 (Consolidated, INR in million) ■ Revenue: 2961 (-2.1% YoY | +9.4% QoQ) ■ EBITDA: -28.7 (-214.2% YoY | -51.9% QoQ) ■ EBITDA Margin (%): -1.0 (-67 bps YoY | -27 bps QoQ) ■ PAT: -394 (+22.2% YoY | +12.9% QoQ) ■ EPS (INR): -0.50 (+19.4% YoY | +2.0% QoQ)
Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities
Others (Uncategorized) · 01 Apr 2026, 6:32 pm
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Apr 2026, 12:37 am
Siti Networks Discloses Default on Term Loan Installments to Lenders Siti Networks reported a default on term loan installments effective 28 Feb'26, disclosed on 31 Mar'26. The default involves lenders including ARCIL, IDBI Bank, Axis Bank, and others. Total claims submitted by financial creditors stood at INR 1,206.03 crore as of 10 Aug'23. The company is currently under a Corporate Insolvency Resolution Process (CIRP), initiated on 22 Feb'23. The powers of the Board of Directors are suspended, vested in the Interim Resolution Professional (IRP) during this period.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 02 Mar 2026, 10:36 pm
SITI Networks Discloses Default on Term Loan Instalments SITI Networks Limited disclosed on 2-Mar'26 a default on its term loan instalments, effective from 31-Jan'26. The default involves multiple lenders, including ARCIL, IDBI Bank, Axis Bank, and ABFL. The total financial indebtedness amounts to ₹1,206.03 crore as of 10-Aug'23, an update from the ₹1,500 crore claimed on 22-Feb'23. The company is currently under a Corporate Insolvency Resolution Process (CIRP), which was initiated on 22-Feb'23, with related legal proceedings ongoing at the Supreme Court.
Submission of Annual Financial Statements (both Standalone and Consolidated) for the financial year ended March 31, 2025 of the Company without holding the AGM due to the reasons as stipulated ....
Annual General Meeting · 25 Feb 2026, 11:59 pm
Siti Networks Files FY25 Financials Without AGM Amid Procedural Hurdles Siti Networks, currently under CIRP, has submitted its audited standalone and consolidated financial statements for the year ended 31 Mar'25, without conducting an Annual General Meeting (AGM). The company faced procedural and technical challenges in obtaining an AGM extension from the MCA. Despite applying for an extension, which was reportedly approved on the portal on 16 Dec'25, the formal order was not received. This action follows the company’s ongoing Corporate Insolvency Resolution Process, which commenced on 22 Feb'23.
Submission of Annual Financial Statements (both Standalone and Consolidated) for the financial year ended March 31, 2025, of the Company without holding the AGM due to the reasons as stipulated ....
Annual General Meeting · 25 Feb 2026, 9:16 pm
SITI Networks Submits FY25 Financials Without Holding Annual General Meeting SITI Networks, currently under Corporate Insolvency Resolution Process (CIRP) since Feb'23, submitted its audited financial statements for the year ended 31 Mar'25 without convening an Annual General Meeting (AGM). The company stated its inability to hold the AGM was due to procedural and technical issues with the Ministry of Corporate Affairs (MCA) portal, which restricts AGM extension filings for companies under CIRP. Despite multiple attempts to get an extension, including an apparent approval on the MCA portal on 16 Dec'25, no formal order was received.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 31 Jan 2026, 12:18 am
SITI Networks Discloses Default on Term Loan Instalments SITI Networks disclosed on 30-Jan-26 a default on term loan instalments which occurred on 31-Dec-25. The default pertains to lenders including ARCIL, IDBI Bank, RBL, Axis Bank, and others. The total financial indebtedness based on claims submitted by lenders stood at ₹1,206.03 crore as of 10-Aug-23. The company is currently under a Corporate Insolvency Resolution Process (CIRP), which was initiated on 22-Feb-23. Certain appeals related to the CIRP are currently pending before the Supreme Court.
Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities
Others (Uncategorized) · 31 Dec 2025, 10:15 pm
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 31 Dec 2025, 10:11 pm
SITI Networks Discloses Default on Term Loan Instalments SITI Networks reported a default on term loan instalments, effective 30 Nov'25 and continuing for over 30 days. Lenders include ARCIL, IDBI Bank, Axis Bank, and others. The company is under a Corporate Insolvency Resolution Process (CIRP), initiated on 22 Feb'23. Total claims submitted by financial creditors stood at ₹1,206.03 crore as of 10 Aug'23, an update from the ₹1,500 crore claimed on 22 Feb'23. Related legal proceedings involving the NCLT and Supreme Court are ongoing.
As per attachment
Others (Uncategorized) · 11 Dec 2025, 11:50 pm
SITI Networks Cites Insolvency Process for Delay in Q2 FY26 Financial Results SITI Networks has delayed its financial results for the quarter ended Sep 30, 2025, citing its ongoing Corporate Insolvency Resolution Process (CIRP) initiated on Feb 22, 2023. The delay is attributed to the complexities of the CIRP, resignations of key finance personnel, and difficulties in consolidating financials from its 23 subsidiaries, one of which is also under CIRP. The company now anticipates submitting the results by Jan 31, 2026, as the Resolution Professional requires additional time for a comprehensive review.
Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount for loans including revolving facilities like cash credit from banks ....
Others (Uncategorized) · 01 Dec 2025, 8:56 pm
Siti Networks Discloses Default on Term Loan Repayments Siti Networks Limited reported a default on its term loan instalments on 1st Dec'25, with the date of default being 31st Oct'25. The default pertains to obligations owed to a consortium of lenders including ARCIL, IDBI Bank, RBL, and Axis Bank. The company, which is currently under a Corporate Insolvency Resolution Process (CIRP) initiated on 22nd Feb'23, stated that the total claims submitted by financial creditors amounted to ₹1,206.03 crore as of 10th Aug'23. This disclosure follows various legal proceedings at the NCLT and NCLAT, with related appeals now pending before the Supreme Court.
Intimation about the current status regarding the Company''s application for extension of time to hold the Annual General Meeting (AGM) for the financial year 2024-25, pending before ROC, Mumbai
Annual General Meeting · 24 Nov 2025, 6:43 pm