Siti Networks Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Siti Networks, currently under Corporate Insolvency Resolution Process (CIRP) since February 2023, reported a standalone net loss of ₹530.17 million for Q4 FY25 and ₹1,954.06 million for the full year FY25, against revenue from operations of ₹818.25 million and ₹3,563.42 million respectively. On a consolidated basis, the company posted a full-year net loss of ₹2,132.59 million on revenue of ₹11,785.08 million, down from ₹12,910.91 million in FY24. The company has a deeply negative net worth of ₹12,942.98 million (standalone) with accumulated losses of ₹29,878.28 million, and current liabilities exceeding current assets by ₹16,911.97 million. The statutory auditors (DNS & Associates) issued a Disclaimer of Opinion citing inability to verify CIRP-related claims, NPA loan reconciliations, and other uncertainties.
This filing confirms severe financial distress with no operational profitability and a formal disclaimer from auditors. The company's survival depends entirely on the successful implementation of a resolution plan under the ongoing CIRP, making equity value highly uncertain and risky for shareholders. The stock remains a speculative bet on insolvency resolution outcomes rather than business fundamentals.