Siti Networks defaults on term loan payments to multiple lenders

Loan classified NPACredit & Debt View source PDF Explain this filing

SITINET · price

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Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹0.34

prior close

₹0.35

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.2% vs market

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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-2.9

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Sessions after the filingfrom the prior close

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Reaction day

+0.0+0.2-0.2

Next day

+0.0+1.0-1.0

-2.9+0.7-3.6

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15d

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-14.7+4.5-19.2

-17.6+3.1-20.7

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Siti Networks disclosed default on term loan instalments from May 31, 2026, continuing beyond 30 days. Lenders include ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, VAPL and ICNCL, with total claims between 1,206 and 1,500 crore. The company is under CIRP since February 2023, with appeals pending in the Supreme Court.

Likely market impact

Negative for shareholders; ongoing insolvency process heightens uncertainty about equity recovery and resolution outcome.