SITI Networks discloses bank loan default continuing beyond 30 days

Loan classified NPACredit & Debt View source PDF Explain this filing

SITINET · price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-1.4% vs market

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AI summary

SITI Networks disclosed a default on term loan instalments dated 30 September 2026, continuing beyond 30 days. Creditor claims were INR 1,206.03 crore for the 22 February 2023 submission and INR 1,500 crore for the 10 August 2023 submission. The company remains in court-led debt resolution, with board powers resting with a court-appointed insolvency specialist.

Likely market impact

Confirms persistent debt stress and repayment risk, with the company under court-led resolution. The outlook remains negative for shareholders.