Siti Networks Limited has informed the Exchange that this is in continuation to our communication dated June 30, 2025, wherein the Company had duly submitted the Audited Financial Results for the fourth quarter and financial year ended on March 31, 2025, in the format specified under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with Audit Reports (on Standalone and Consolidated financial statements). In this regard, please find enclosed herewith extract of Financial Results of the Company duly advertised and published in two newspapers viz. Business Standard (All Editions) in English language newspaper and Mumbai Mitra (Mumbai Edition) in Marathi language newspaper on July 1, 2025.
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Siti Networks Limited has published its audited financial results for Q4 FY25 and the full year ended March 31, 2025 in two newspapers (Business Standard and Mumbai Mitra), in line with SEBI's Regulation 33 disclosure requirement. The company reported a consolidated net loss of ₹2,128.65 million for FY25, slightly wider than the ₹2,045.08 million loss in FY24, while standalone net loss stood at ₹1,953.03 million. Total consolidated income from operations fell to ₹11,785.08 million from ₹12,910.91 million the previous year. The company's accumulated losses have reached ₹29,878.28 million on a standalone basis, wiping out net worth completely at negative ₹12,942.98 million. Statutory auditors have issued a disclaimer of opinion, and the company continues under the Corporate Insolvency Resolution Process (CIRP) initiated in February 2023, with material uncertainty flagged over its ability to continue as a going concern.
For shareholders, this filing reinforces the precarious position of the company — losses are persisting, net worth is deeply negative, and auditors have disclaimed their opinion. Recovery for equity holders remains entirely dependent on a successful resolution plan under the ongoing CIRP process; until then, the stock carries significant risk of further erosion in value.