Siti Networks Limited has submitted to the Exchange that pursuant to applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as SEBI Listing Regulations ) including Regulation 30, this is to inform you that the Un-audited Financial Results, both standalone and consolidated, for the second quarter of the financial year 2025-26 and half year ended on September 30, 2025, have been signed by the Resolution Professional (RP) while exercising the powers of Board of Directors of the Company which has been conferred upon him in terms of the provisions of Section 17 of the Insolvency and Bankruptcy Code 2016 and by the CEO of Siti Networks LimitedPlease find enclosed herewith the Un-audited Financial Results for the second quarter of the financial year 2025-26 and half year ended on September 30, 2025, as per Regulation 33 of the SEBI Listing Regulations along with the Limited Review Reports thereon issued by the Statutory Auditor, on the Standalone and Consolidated Results.
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Siti Networks Limited has filed Q2 FY2025-26 results signed by the Resolution Professional (RP) and CEO. The company is under Corporate Insolvency Resolution Process (CIRP) since February 2023. Consolidated Q2 revenue was ₹2,991.03 million with a net loss of ₹434.69 million. For the half year, consolidated revenue was ₹5,667.78 million with a net loss of ₹876.03 million. Standalone accumulated losses stand at ₹30,626.63 million resulting in negative net worth of ₹13,691.34 million. Current liabilities exceed current assets by ₹17,527.75 million indicating negative working capital. The auditors (DNS & Associates) have disclaimed their opinion on the financial results due to material uncertainty about the company's ability to continue as a going concern, pending resolution plan implementation.
The company remains in insolvency proceedings with significant losses and negative net worth. The auditor's disclaimer and going concern uncertainty indicate high risk for shareholders. The stock is under extreme financial stress pending successful resolution plan implementation.