Direct Media Solutions LLP For & On behalf of Promoters of the Company has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Eight promoter group entities of Siti Networks Limited have filed their annual declarations under SEBI's Regulation 31(4) for FY 2024-25. Each entity confirmed it has not created any new encumbrance (pledge or charge) on its shares during the year. The aggregate promoter holding is just 6.10% of paid-up capital (about 5.32 crore shares). The largest promoter entity is Global Fusion Ltd (formerly Essel Media Ventures) with 4.95%, followed by Direct Media Solutions LLP with 1.14%, while other entities hold negligible or zero stakes.
This is a routine annual compliance filing with no new pledging activity, so no immediate concern for shareholders. However, the very low aggregate promoter holding of 6.10% signals weak promoter control, which may affect governance, decision-making, and vulnerability to takeover bids.