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 Siti Networks Ltd - 532795 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) and other applicable regulations, if any, of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform you that the Registrar and Transfer Agent of Company namely Link Intime India Private Limited has received the request for issuance of duplicate Equity Share Certificate as detailed in enclosed attachment. We shall issue the duplicate Share Certificate after completion of necessary formalities. Siti Networks Ltd - 532795 - Closure of Trading Window
This is to inform you that as per the Company''s Code of Internal Procedures and Conduct for Prohibition of Insider Trading in Securities ("Company''s Insider Trading Code"), in connection with the Un-Audited Financial Results for the third quarter of financial year 2023-24 and nine months ending on December 31, 2023 (hereinafter referred to as "Un-Audited Financial Results"), the Trading Window for dealing in the Equity Shares of the Company has been closed for the Designated Persons of the Company from January 1, 2024 and the same shall remain closed until 48 hours after the announcement of Un-Audited Financial Results. Accordingly, all Designated Persons of the Company have been advised not to trade in the Securities of the Company during the aforesaid period of closure of Trading Window. 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 Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the fourth meeting of the Committee of Creditors of Siti Networks Limited was held on 15th December, 2023, 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 CoC members, inter-alia, CIRP related updates viz. CIRP timelines, claims, business operations and resolution process update. Pursuant to discussions, it was decided to put various voting items for e-voting. Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors
Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that fourth meeting of the Committee of Creditors is scheduled to be held on December 15, 2023, under Section 24 of the Insolvency and Bankruptcy Code, 2016 readd with Regulation 18 of the Insolvency and Bankruptcy Board of India (Insolvency Regulation Process for Corporate Persons) Regulations, 2016. 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 Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors
Kindly refer to our disclosure dated 22nd November regarding scheduling of the 3rd meeting of the Committee of Creditors of Siti Networks Limited. In this regard, pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the third meeting of the Committee of Creditors of Siti Networks Limited was held on 23rd November, 2023, 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 Regulations Process for Corporate Persons) Regulations, 2016. During the meeting, the Resolution Professional presented and discussed with the CoC members, inter alia, about CIRP related updates viz. CIRP timelines, claims, business operations, legal updates, resolution process update. Pursuant to discussions, it was decided to put various voting items for e-voting. Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Intimation 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 third meeting of the Committee of Creditors is scheduled to be held on November 23, 2023, under 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. Siti Networks Ltd - 532795 - Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan
This is in continuation to our communication dated October 19, 2023, pursuant whereof the Company has informed you that the Resolution Professional has issued Form G and detailed Invitation for Expression of Interest for submission of resolution plans(s) for Siti Networks Limited pursuant to the provisions of Section 25(2)(h) read with Regulation 36A of the Insolvency and Bankruptcy Code, 2016. In this regard, we hereby inform you that the Resolution Professional has issued a revised Form G and a Revised Invitation for Expression of Interest on 11th November, 2023 with revisions in the timelines which are enclosed herewith as Annexure - I and Annexure - II, respectively. We would like to inform you that in such, that, the last date for receipt of expression of interest has been changed from "November 10, 2023" to "November 23, 2023" and subsequent dates have been accordingly revised. Siti Networks Ltd - 532795 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is in continuation to our communication dated November 6, 2023 pursuant whereof the Company has informed about the order dated October 31, 2023 passed by Ld. National Company Law Tribunal, New Delhi ("NCLT") admitting Siti Broadband Services Pvt. Ltd. ("SBSPL"), a wholly owned unlisted subsidiary company of the Company, to Corporate Insolvency Resolution Process ("CIRP"). In this regard, we hereby inform you that while considering the Appeal filed by Mr. Ratnakar Sharma, suspended director of SBSPL, the Hon''ble National Company Law Appellate Tribunal, New Delhi ("NCLAT") vide its order dated November 10, 2023 has, inter alia, directed the following: (i) the appellant to deposit all defaulted EMIs along with the payable interest as per the contract within two weeks from the order date. (ii) In the meantime, in pursuance of the impugned order, the CoC may not be constituted. A copy of said order dated November 10, 2023 passed by Hon''ble NCLAT is enclosed herewith.