Siti Networks cites CIRP process for delay in Q2 FY26 results filing

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

SITINET · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.4% vs market

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Siti Networks has told BSE why its Q2 FY26 financial results (ended Sept 30, 2025) are delayed. The company has been under corporate insolvency resolution process since Feb 2023 after NCLT admitted it. Board powers are suspended and vested in the Resolution Professional. Ongoing resolution work, key finance staff resignations, and delays from 23 subsidiaries have slowed reporting. Company expects to file by Jan 31, 2026.

Likely market impact

Stock is under CIRP since Feb 2023 with board powers suspended. Results filing pushed to Jan 31, 2026, signalling continued operational stress.