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Siti Networks Ltd
UG Floor Filmcity-19,, Sector 16A
Phone: +91 1204526700p:+91 1204526700 NOIDA, 201301  India Ticker: SITINETSITINET
On 3/29/2022, Siti Networks Ltd announced that Housing Development Finance Corporate Limited had filed a Petition against the Company under Section 7 of the Insolvency and Bankruptcy Code with the National Company Law Tribunal, Mumbai Bench, pursuant to an alleged default of Rs 296 crore.
On 2/22/2023, the National Company Law Tribunal, Mumbai Bench Court Iii admitted a petition filed by Indusind Bank Limited seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Siti Networks Ltd.
Business Summary
SITI Networks Limited is an India-based holding company. The Company is engaged in the distribution of television channels through digital cable distribution network and allied services. Its product range includes digital and analog cable television, broadband and local television channels. It provides services in digital modes, with a range of features that include video on demand, pay per view, over-the top (OTT) content, electronic programming guide (EPG) through a set-top box (STB). The Company markets its products under the SITI brand name. The Company provides digital tv packages, such as packages, STB scheme, and subscriber form. Its subsidiaries include Indian Cable Net Company Limited, Central Bombay Cable Network Limited, Siti cable Broadband South Limited, Siti Vision Digital Media Private Limited, Siti Jind Digital Media Communications Private Limited, Siti Jony Digital Cable Network Private Limited, and Master Channel Community Network Private Limited.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20243/31/2023Yes----

Industries
SIC Code Description
4841 Cable and other pay television services
4899 Communications services, not elsewhere classified
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chief Executive Officer YogeshSharma 52 1/1/2022 1/1/2022
Compliance Officer, Company Secretary SureshKumar 1/1/2011 9/28/2010
Whole Time Director Suresh K.Arora 58 6/14/2022 3/29/2019
5 additional Officers and Directors records available in full report.

Business Names
Business Name
Central Bombay Cable Network Limited
E-Net Entertainment
Indian Cable Net Company Limited
8 additional Business Names available in full report.

General Information
Number of Employees: 205 (As of 3/31/2023)
Outstanding Shares: 872,053,848 (As of 3/31/2024)
Shareholders: 192,632
Stock Exchange: NSE
Fax Number: +91 2224900302


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Friday, November 22, 2024