Announced Tue, 13 Oct, 2026 · 21:04 IST
NCLT appoints Resolution Professional for Siti Networks
SITINET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹0.24
prior close
₹0.24
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.2+0.0-4.2+0.0——————————
Up moveDown movePending
AI summary
Siti Networks has informed that the NCLT Mumbai has appointed Mr. Trupalkumar Patel as Resolution Professional of the company via order dated September 28, 2026, received on October 12, 2026. This indicates that insolvency resolution proceedings have commenced against the company under the IBC framework.
Likely market impact
Negative for shareholders. Equity may face dilution or write-down in the resolution process. Stock likely to react sharply.