Siti Networks Limited — Others, 14-02-2025: Copy of Newspaper Publication

Siti Networks Limited has announced a board meeting to discuss the un-audited financial results for the quarter and half-year ended September 30, 2024. The company incurred a net loss of ₹453.12 million for the quarter and ₹892.69 million for the half-year, with accumulated losses totaling ₹28,817.95 million, leading to a negative net worth of ₹11,882.65 million. This situation reinforces concerns about the company's viability as a going concern, influenced by its ongoing Corporate Insolvency Resolution Process (CIRP). Investor sentiment may remain cautious due to these financial challenges, with a focus on the successful implementation of a resolution plan.