Siti Networks Defaults on Loan Payments, Total Debt Over ₹1,500 Crore
Siti Networks Limited reported defaults on loan payments to multiple banks, with total claims reaching ₹1,500 crore as of February 10, 2026. The company is undergoing CIRP, initiated in February 2023, with ongoing legal proceedings impacting financial obligations.
Defaults on loan payments and ongoing insolvency proceedings have a severe impact on the company's financial health and operations.
The company is reporting defaults on loan payments and is undergoing insolvency resolution, indicating significant financial distress.
Siti Networks Limited has disclosed defaults on term loan installments and interest payments to various banks and financial institutions, including ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, Induslnd Bank, Vani Agencies Pvt. Ltd., and ICNCL. The default occurred on March 31, 2026, and has continued beyond 30 days.
As of February 10, 2026, the total principal amount claimed by these lenders stands at ₹1,206.03 crore, with the total claim submitted being ₹1,500 crore. The total outstanding borrowings from banks and financial institutions amount to ₹1,500 crore, representing the total financial indebtedness of the listed entity.
This disclosure is made in compliance with SEBI Circular No. SEBI/HO/CFD/CMDl/CIR/2019/140 dated November 21, 2019. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) initiated on February 22, 2023, by the National Company Law Tribunal (NCLT). Various appeals and interim orders have been passed by the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court concerning the CIRP and financial claims.
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Siti Networks Limited filed this with the NSE as a statutory disclosure, categorised under fraud/defaults disclosure. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Siti Networks Limited. Read the original for the full detail.