Pursuant to Regulation 24A of the SEBI (LODR) Regulations, 2015 read with Circular No.CIR/CFD.CMD1/27/2019 dated February 8, 2019 issued by SEBI, please find attached herewith Annual Secretarial ....
SITINET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Siti Networks Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026. The company remains under Corporate Insolvency Resolution Process (CIRP) since February 2023, with Mr. Rohit Mehra as Resolution Professional. The secretarial auditor confirmed general compliance with SEBI regulations but noted significant delays in quarterly financial result submissions under Regulation 33 of SEBI LODR. BSE and NSE imposed cumulative fines of Rs. 36.60 lakh (excluding GST) for delays in Q1-Q4 of FY2025-26, with Q4 results (Dec 2025) still pending. Prior year (FY2024-25) also saw Rs. 44.70 lakh in penalties for similar delays. Management cited CIRP complexities, multiple subsidiary consolidations (23 subsidiaries), and workforce attrition as reasons for the delays.
The stock may face continued pressure due to delayed financial disclosures and accumulated fines. Investors should monitor the ongoing CIRP proceedings and resolution plan developments, as the insolvency process continues to impact corporate governance and financial reporting timelines.