Siti Networks discloses loan default continuing beyond 30 days
SITINET · price
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On the reaction day the stock moved 1.1 pts less 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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Siti Networks disclosed continuing defaults on term-loan instalments from eight lenders. The default began September 30, 2025 and continued beyond 30 days. The table lists claims of INR 1,206.03 crore and INR 1,500 crore for two claim dates. The company is in a court-led insolvency process, and the final recoverable amount remains uncertain.
The continuing default highlights severe repayment and debt-recovery risks, with possible further pressure on the stock while creditor disputes continue.