Siti Networks discloses loan defaults to 8 lenders, under CIRP

Loan NpaCredit & Debt View source PDF Explain this filing

SITINET · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+4.2% vs market

On the reaction day the stock moved 4.2 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 reported defaults on term loan repayments to 8 lenders including Axis Bank, ARCIL, IDBI Bank, ABFL, IndusInd Bank, RBL, VAPL and ICNCL. Total claims admitted stand at about INR 1,206 crore. The company has been under CIRP since February 2023, with appeals pending before the Supreme Court. Default date is December 31, 2025.

Likely market impact

Company already under insolvency. Supreme Court appeals pending. Stock remains high-risk with uncertain resolution outcome.