Siti Networks
0.38
0.00(0.00%)
Market Cap₹33.14 Cr
PE Ratio-0.21
IndustryMedia
Company Performance:
1D0.00%
1M+22.58%
6M-15.56%
1Y-33.33%
5Y-52.50%
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More news about Siti Networks
10Nov 25
SITI Networks Reports ₹437.64 Million Loss Amid Ongoing Insolvency Process
Siti Networks Limited, undergoing Corporate Insolvency Resolution Process (CIRP), reported a standalone net loss of ₹437.64 million for Q1, an improvement from ₹530.17 million loss in Q4. Revenue from operations slightly declined to ₹799.55 million. The company faces financial challenges with negative net worth of ₹13,380.37 million and negative working capital of ₹17,278.93 million. Auditors disclaimed their opinion, citing uncertainties related to insolvency proceedings and ongoing litigations. Despite challenges, management prepared financial statements on a going concern basis.
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01Aug 25
NCLAT Orders Banks to Refund ₹143 Crore to SITI Networks, Upholds Moratorium
The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals by several major banks against Siti Networks Limited, ordering them to return ₹143.15 crore withdrawn during a stay period on insolvency proceedings. The tribunal ruled that the moratorium remained in effect despite the stay order, emphasizing that insolvency proceedings are 'in rem' and continue even during stay periods. The banks, including Axis Bank, Aditya Birla Capital, IDBI Bank, IndusInd Bank, and RBL Bank, must refund the withdrawn amounts with accrued interest to Siti Networks' corporate debtor account.
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Siti Networks
0.38
0.0
(0.0%)
1 Year Returns:-33.33%
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