The Exchange had sought clarification from Siti Networks Limited for the quarter ended 31-Mar-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
SITINET · price
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NSE had asked Siti Networks to clarify why its financial results for the quarter ended 31 March 2024 were not submitted in the format prescribed by SEBI under Regulation 33 of the Listing Obligations and Disclosure Requirements. The company has now submitted its response to the exchange. This is a procedural compliance matter rather than a penalty or enforcement action. No restatement of results or financial impact has been indicated at this stage.
This is a routine regulatory clarification on reporting format and is unlikely to materially affect the stock price. Investors should, however, watch for any follow-up action from SEBI or the exchange if the response is not deemed satisfactory.