Announced Tue, 7 Jul · 12:52 IST
Siti Networks appoints new statutory auditor during ongoing CIRP process
SITINET · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹0.34
prior close
₹0.33
base price
In-mkt
timing
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——+3.0—+0.0-2.9+0.0-5.9-8.8-2.9————
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AI summary
Siti Networks, under CIRP since NCLT order dated Feb 22, 2023, has appointed M/s. Vijaya Gupta & Co. as new statutory auditor effective July 6, 2026. The appointment was approved by the Committee of Creditors under Section 28(1)(m) of IBC, following resignation of previous auditor DNS & Associates. Vijaya Gupta & Co. will handle statutory audits for FY2025-26 and 2026-27 along with related limited reviews.
Likely market impact
Routine auditor change during insolvency oversight. CIRP status remains active since Feb 2023. Limited direct share price impact.