SITI Networks

SITI Networks

https://www.sitinetworks.com/

SITI Networks, also known as Siti Cable, is a publicly owned company headquartered in India. Founded in 1994, the company reported $140.8M in revenue as of 2024. As a tier 1 media tech buyer, SITI Networks primarily operates within the telecoms sector. It is a part of the Essel Group and offers a portfolio of assets including media, packaging, entertainment, technology-enabled services, infrastructure development, and education.

2024 Revenue

Founded

1994

Headcount

-

Headquarters

India

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

SITI Networks admitted on March 1, 2026, to stock exchanges its default on loan installments and interest payments totaling ₹1206.03 crore, a default commencing on February 28, 2026, and persisting for over 30 days. Previously, on March 31, 2026, reports detailed the company's default on these loan payments to a consortium of banks, including ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, Vani Agencies Pvt. Ltd., and ICNCL, with the total outstanding as of February 28, 2026, also at ₹1206.03 crore. The company has been undergoing a Corporate Insolvency Resolution Process (CIRP) since February 22, 2023, though the Hon'ble National Company Law Appellate Tribunal (NCLAT) issued a stay on the CIRP, directing financial creditors to remit the amount back to SITI Networks along with accrued interest.

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SITI Networks offers 2 products in the media and telecoms services industry. SITI Networks's product portfolio comprises of telecoms and media and TV services.

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SITI Networks's revenues were $140.8M in 2024. Caretta Research has split SITI Networks's revenue into 2 different product categories, the largest of which is consumer broadband, which represents 67% of SITI Networks's revenue.

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Apr

14th

2026

08:41

Financial Results, B2B Tag

SITI Networks Limited Reports Un-audited Financial Results for Q2 FY 2025-26 and Half Year Ended September 30, 2025

SITI Networks Limited has reported a net loss of ₹ 310.97 million and ₹ 748.34 million for the quarter and six months ended 30 September 2025, respectively. The company's accumulated losses amount to ₹ 30,626.63 million, resulting in a negative net worth of ₹ 13,691.34 million. The company's current liabilities exceeded its current assets by ₹ 17,527.75 million, resulting in negative working capital. The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and its future is dependent on the successful implementation of a Resolution plan.

Apr

8th

2026

11:48

Financial Results, Bankruptcy, B2B Tag

Siti Networks Limited Reports Un-Audited Financial Results for Q2 FY 2025-26 and Half Year Ended September 30, 2025

Siti Networks Limited has reported a net loss of ₹310.97 million and ₹748.34 million for the quarter and six months ended September 30, 2025, respectively. The company's accumulated losses amount to ₹30,626.63 million, resulting in a negative net worth of ₹13,691.34 million and negative working capital. The company is undergoing Corporate Insolvency Resolution Process (CIRP) and has received claims from financial creditors, operational creditors, employees, and other creditors. The company has also filed a petition before the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) for restoration of signals of Zee Entertainment Enterprises Limited on its network.

Bombay Stock Exchange

Apr

8th

2026

09:04

Financial Results, Bankruptcy, Regulatory and Legal, B2B Tag

Siti Networks Limited Reports Net Loss of ₹310.97 Million for the Quarter Ended 30 September 2025

Siti Networks Limited has reported a net loss of ₹310.97 million for the quarter ended 30 September 2025, with the company's accumulated losses amounting to ₹30,626.63 million. The company's current liabilities exceeded its current assets by ₹17,527.75 million, resulting in negative working capital. The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and the Resolution Professional has begun to receive claims from financial creditors, operational creditors, employees, and other creditors.

Bombay Stock Exchange

Apr

7th

2026

09:18

Financial Results, Bankruptcy, B2B Tag

Siti Networks Files Q2 FY26 Unaudited Results Under Insolvency Oversight

Siti Networks Limited ( (IN:SITINET) ) just unveiled an update. Siti Networks Limited has informed the stock exchanges that its unaudited standalone and consolidated financial results for the second quarter of the 2025-26 financial year and the half year ended September 30, 2025, have been approved and signed by the company’s Resolution Professional and its CEO, in accordance with SEBI Listing Regulations.

Apr

1st

2026

18:30

Bankruptcy, Default (Finance), B2B Tag

Siti Networks admits to have defaulted on bank loans

On March 1, 2026, the company informed the stock exchanges, in accordance with SEBI regulations, that it had defaulted on loan installments and interest payments totaling ₹1,206.03 crore. This default began on February 28, 2026, and continued for more than 30 days, meaning the company failed to repay the banks' money on time.

Mar

31st

2026

13:37

Bankruptcy, Default (Finance), B2B Tag

Siti Networks Limited Defaults on Loan Payments to Banks

Siti Networks Limited has defaulted on loan payments to banks, with a total outstanding amount of INR 1,206.03 crore as of February 28, 2026. The default includes loans from ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, Induslnd Bank, Vani Agencies Pvt. Ltd., and ICNCL. The company has been undergoing a Corporate Insolvency Resolution Process (CIRP) since February 22, 2023, and has received a stay on the CIRP from the Hon'ble NCLAT. The financial creditors have been directed to remit the amount back to the corporate debtor along with accrued interest.

Bombay Stock Exchange

Mar

3rd

2026

13:24

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Mar

2nd

2026

11:36

Bankruptcy, Default (Finance), B2B Tag

Siti Networks Ltd - 532795 - Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions

Siti Networks Ltd - 532795 - Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions

Bombay Stock Exchange

Mar

1st

2026

18:30

Financial Results, Bankruptcy, B2B Tag

SITI : Annual Report

February 20, 2026 To, The General Manager Corporate Relationship Department BSE Limited Phiroze Jeejeeboy Towers Dalal Street, Fort, Mumbai- 400 001 BSE Scrip Code: 532795 The Manager Listing Department National Stock Exchange of India limited Plaza, 5 th Floor, Plot no.

Feb

25th

2026

10:16

Financial Results, Bankruptcy, B2B Tag

Submission of Annual Financial Statements for Siti Networks Ltd. without holding AGM

Siti Networks Ltd. submits audited financial results for FY 2025 without convening AGM due to CIRP status. The company faces technical constraints and ROC queries, leading to multiple e-Form GNL-2 applications and clarifications. Despite ROC rejection, the company continues to operate as a going concern under RP supervision.

Bombay Stock Exchange

Jan

30th

2026

13:18

Bankruptcy, Capital Refinance/Restructure, Default (Finance), B2B Tag

Siti Networks Ltd - 532795 - Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions

Siti Networks Ltd - 532795 - Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount For Loans Including Revolving Facilities Like Cash Credit From Banks / Financial Institutions

Bombay Stock Exchange

Jan

30th

2026

11:21

Bankruptcy, Default (Finance), B2B Tag

SITI Networks Defaults on Loans, Faces Insolvency with ₹1500 Cr Claims

MEDIA-AND-ENTERTAINMENT SITI Networks has officially disclosed defaults on loan obligations to its lenders, including ARCIL and Axis Bank, as of December 31, 2025. The company is embroiled in Corporate Insolvency Resolution Process (CIRP) with admitted creditor claims totalling ₹1,500 crore.

Examples of SITI Networks's suppliers include Changhong Group (CHIQ), Google and NAGRA-Kudelski.

Example Suppliers

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