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Siti Networks Limited ( (IN:SITINET) ) has issued an announcement.
Siti Networks Limited has disclosed a default on payment of interest and repayment of principal on loans from banks, as per SEBI regulations. The company is undergoing a Corporate Insolvency Resolution Process (CIRP) following an order by the National Company Law Tribunal (NCLT), with Mr. Rohit Mehra appointed as the Interim Resolution Professional. The insolvency proceedings have been reinstated after an appeal was dismissed, affecting the company’s financial operations and governance.
More about Siti Networks Limited
Siti Networks Limited operates in the telecommunications industry, providing cable television and broadband services. The company focuses on delivering digital entertainment and connectivity solutions across India.
Average Trading Volume: 292,357
Technical Sentiment Signal: Strong Sell
Current Market Cap: 427.3M INR
Find detailed analytics on SITINET stock on TipRanks’ Stock Analysis page.