Announced Thu, 2 Jul · 12:57 IST
Siti Networks reports full default on bank loans worth INR 1,206 crore
SITINET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹0.34
prior close
₹0.34
base price
In-mkt
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AI summary
Siti Networks has disclosed a full default on bank loans totaling INR 1,206.03 crore as of June 30, 2026. This is a quarterly disclosure under SEBI norms. The company has been under Corporate Insolvency Resolution Process since February 2023 after an NCLT order. The total financial indebtedness stands at INR 1,206.03 crore, with the entire amount in default. Appeals by financial creditors are pending before the Supreme Court regarding remittance of recovered amounts.
Likely market impact
Negative signal. Full loan default shows severe financial distress; insolvency process continues with court appeals pending.