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Incorporated in 1992, SITI Networks Ltd is in the distribution of television channels through digital cable distribution network and allied services
Siti Networks Limited has informed the Exchange certificates of MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), 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.
SITI Networks remains in default on INR 1,206 Cr in bank term loan instalments. The company's insolvency process is complex, with the Supreme Court currently staying orders for financial creditors to return funds. This adds significant uncertainty regarding debt resolution.