Siti Networks Limited — Important, 02-05-2025: Updates

SITI Networks remains under corporate insolvency with management led by the Resolution Professional. The company and its subsidiaries report heavy net losses, negative net worth, and working capital deficits exceeding ₹160 Cr, driven by loan defaults. Creditor claims over ₹1200 Cr are under review. Broadcasting of Zee channels has resumed outside key regions after creditor approval, though payment disputes with Zee continue. Several subsidiaries under insolvency affect consolidated performance. Auditor concerns highlight ongoing uncertainties; the company’s future hinges on a successful resolution plan.