Siti Networks Limited — Others, 01-07-2025: Copy of Newspaper Publication

SITI Networks Limited has announced the financial results for the quarter and half-year ended 31 March 2025. The Company and its subsidiaries operate mainly in cable and broadband distribution in India and continue to be under Corporate Insolvency Resolution Process (CIRP). The Resolution Professional manages the Company during CIRP. The standalone results show a net loss of ₹531.32 million for the quarter and ₹1,953.03 million for the year, with accumulated losses leading to negative net worth and working capital. The group’s consolidated net loss stood at ₹444.16 million and ₹2,128.65 million for the quarter and year, respectively, also reflecting negative net worth and working capital. Material uncertainty exists regarding the Company’s ability to continue as a going concern, pending the successful implementation of a resolution plan. The auditors have disclaimed their opinion on the financials. Key legal and operational updates include ongoing claims reconciliation by creditors, litigations involving related parties, and an arbitration case affecting payments to Zee Entertainment. Broadcasting of ZEEL channels in Rest of India resumed after creditor approval. Some subsidiaries under CIRP were not audited for the period. These developments remain critical for stakeholders monitoring the Company’s turnaround prospects and recovery path.