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Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

 Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulation, 2015 this is to inform you that the 7th meeting of the CoC of the Company was held on 20/03/2024, in terms of Section 24 of the IBC, 2016 read with Regulation 18 of the IBBI (Insolvency Regulation process for Corporate Persons) Regulations, 2016. During the meeting, the Resolution Professional presented and discussed with the CoC members CIRP related update in respect of inter alia, CIRP timelines, claims, business operations and resolution process updates. Pursuant to discussion, CoC has decided to extend the last date for submission of Resolution Plan for the Company till 15/04/2024.
26-03-2024
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Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

 Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, this is to inform you that the sixth meeting of the Committee of Creditors ("CoC") of Siti Networks Limited ("Company") was held on 28th February, 2024 in terms of Section 24 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 18 of the Insolvency and Bankruptcy Board of India (Insolvency Regulation Process for Corporate Persons) Regulations, 2016. During the meeting, the Resolution Professional presented and discussed with the members of the CoC, inter alia, updates related to the corporate insolvency process ("CIRP") viz. CIRP timelines, claims, business operations and resolution process update. Pursuant to discussions, it was decided to put the voting items for e-voting. The update on the results of the e-voting will be submitted after the e-voting process is completed.
01-03-2024
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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

 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
01-03-2024
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Siti Networks Ltd - 532795 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 This is in continuation to our communication dated February 12, 2024, wherein the Company had duly submitted the Un-Audited Financial Results of the Company for the second quarter of the financial year 2023-24 and half year ended on September 30, 2023, in the format specified under Regulation 33 of the SEBI (LODR) Regulations, 2015 together with Limited Review Report (on Standalone and Consolidated financial statements). In this regard, please find enclosed herewith extract of Financial Results of the Company duly advertised and published in two newspapers viz. "Business Standard" (All Editions) in English language newspaper and "Mumbai Mitra" (Mumbai Edition) in Marathi language newspaper on February 13, 2024.
14-02-2024
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Siti Networks Ltd - 532795 - Un-Audited Financial Results For The Second Quarter Of Financial Year 2023-24 And Half Year Ended On September 30, 2023

 Pursuant to applicable Regulations of SEBI (LODR) Regulations, 2015 (hereinafter referred to as "SEBI Listing Regulations") including Regulation 30, this is to inform you that the Un-audited Financial Results, both standalone and consolidated, for the second quarter of the financial year 2023-24 and half year ended on September 30, 2023, have been signed by the Resolution Professional (RP) while exercising the powers of Board of Directors of the Company which has been conferred upon him in terms of the provisions of Section 17 of the Insolvency and Bankruptcy Code 2016 and by the CEO of Siti Networks Limited. Please find enclosed herewith the Un-audited Financial Results for the second quarter of the financial year 2023-24 and half year ended on September 30, 2023, as per Regulation 33 of the SEBI Listing Regulations along with the Limited Review Reports thereon issued by the Statutory Auditor, on the Standalone and Consolidated Results.
12-02-2024
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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

 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
31-01-2024
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Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

 Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the fifth meeting of the Committee of Creditors ("CoC") of Siti Networks Limited (Company) was held on 12th January 2024 in terms of Section 24 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 18 of the Insolvency and Bankruptcy Board of India (Insolvency Regulation Process for Corporate Persons) Regulations, 2016. During the meeting, the Resolution Professional presented and discussed with the members of the CoC, inter alia, updates related to the corporate insolvency resolution process ("CIRP") viz. CIRP timelines, claims, business operations and resolution process resolution process update. The CoC pursuant to the discussions in the 5th CoC meeting, has decided to extent the last date for the submission of the resolution plans for the Company from 17th January 2024 to 1st March 2024
22-01-2024

More trouble for Zee: SC upholds HC ruling to send Siti Networks' loan default case to arbitration

 In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.
16-01-2024
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Siti Networks Ltd - 532795 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 Please find enclosed herewith certificate of Link Intime India Pvt. Ltd., being the Registrar and Share Transfer Agent of the Company, pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
12-01-2024
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Siti Networks Ltd - 532795 - 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

 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
11-01-2024
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