General information about company |
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|---|---|---|---|
| Scrip Code | 532795 | ||
| NSE Symbol | SITINET | ||
| MSEI Symbol | NOTLISTED | ||
| ISIN | INE965H01011 | ||
| Name of company | SITI NETWORKS LIMITED | ||
| Type of company | Main Board | ||
| Class of security | Equity | ||
| Date of start of financial year | 01-Apr-2024 | ||
| Date of end of financial year | 31-Mar-2025 | ||
| Date of board meeting when results were approved | 30-Jun-2025 | ||
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 30-Jun-2025 | ||
| Description of presentation currency | INR (in Actuals) | ||
| Reporting Type | Quarterly | ||
| Reporting Quarter | Fourth quarter | ||
| Nature of report standalone or consolidated | Standalone | ||
| Whether results are audited or unaudited for the quarter ended | Audited | ||
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited | ||
| Segment Reporting | Single segment | ||
| Description of single segment | Multi System Operator | ||
| Start date and time of board meeting | 30-Jun-2025 19:05:00 | ||
| End date and time of board meeting | 30-Jun-2025 19:05:00 | ||
| Whether cash flow statement is applicable on company | Yes | ||
| Type of cash flow statement | Cash Flow Indirect | ||
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification | ||
| Whether the company has any related party? | Yes | ||
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes | ||
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA | ||
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA | ||
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No | ||
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |||
| (b) If answer to above question is No, please explain the reason for not complying. | |||
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes | ||
| Latest Date on which RPT policy is updated | 2021-02-05 | ||
| Indicate Company website link for updated RPT policy of the Company | https://www.sitinetworks.com/pdf/Corporate_Governance/Related%20Party%20Transaction%20Policy.pdf | ||
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No | ||
| No. of times funds raised during the quarter | |||
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes | ||
Financial Results Ind-AS |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Part I | Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column. | ||
| 1 | Income | ||
| Revenue from operations | 818250000 | 3563420000 | |
| Other income | 97560000 | 140020000 | |
| Total income | 915810000 | 3703440000 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0 | 0 |
| (b) | Purchases of stock-in-trade | 0 | 0 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0 | 0 |
| (d) | Employee benefit expense | 42610000 | 199950000 |
| (e) | Finance costs | 217750000 | 882050000 |
| (f) | Depreciation, depletion and amortisation expense | 104460000 | 436110000 |
| (f) | Other Expenses | ||
| 1 | Pay channel costs | 652850000 | 2814090000 |
| 2 | Other expenses | 428310000 | 1325300000 |
| Total other expenses | 1081160000 | 4139390000 | |
| Total expenses | 1445980000 | 5657500000 | |
| 3 | Total profit before exceptional items and tax | -530170000 | -1954060000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Total profit before tax | -530170000 | -1954060000 |
| 6 | Tax expense | ||
| 7 | Current tax | 0 | 0 |
| 8 | Deferred tax | 0 | 0 |
| 9 | Total tax expenses | 0 | 0 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0 | 0 |
| 11 | Net Profit Loss for the period from continuing operations | -530170000 | -1954060000 |
| 12 | Profit (loss) from discontinued operations before tax | 0 | 0 |
| 13 | Tax expense of discontinued operations | 0 | 0 |
| 14 | Net profit (loss) from discontinued operation after tax | 0 | 0 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0 | 0 |
| 16 | Total profit (loss) for period | -530170000 | -1954060000 |
| 17 | Other comprehensive income net of taxes | -1150000 | 1030000 |
| 18 | Total Comprehensive Income for the period | -531320000 | -1953030000 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 872050000 | 872050000 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | -13815650000 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.61 | -2.24 | |
| Diluted earnings (loss) per share from continuing operations | -0.61 | -2.24 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.61 | -2.24 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.61 | -2.24 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
Remarks |
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|---|---|
| Debt equity ratio | |
| Debt service coverage ratio | |
| Interest service coverage ratio | |
Statement of Asset and Liabilities |
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|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | ||
| Date of start of reporting period | 01-Apr-2024 | ||
| Date of end of reporting period | 31-Mar-2025 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Standalone | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 695620000 | ||
| Capital work-in-progress | 199920000 | ||
| Investment property | 0 | ||
| Goodwill | 0 | ||
| Other intangible assets | 22910000 | ||
| Intangible assets under development | 2700000 | ||
| Biological assets other than bearer plants | 0 | ||
| Investments accounted for using equity method | 0 | ||
| Non-current financial assets | |||
| Non-current investments | 3084420000 | ||
| Trade receivables, non-current | 0 | ||
| Loans, non-current | 0 | ||
| Other non-current financial assets | 46180000 | ||
| Total non-current financial assets | 3130600000 | ||
| Deferred tax assets (net) | 0 | ||
| Other non-current assets | 70710000 | ||
| Total non-current assets | 4122460000 | ||
| 2 | Current assets | ||
| Inventories | 18560000 | ||
| Current financial asset | |||
| Current investments | 0 | ||
| Trade receivables, current | 1447420000 | ||
| Cash and cash equivalents | 538590000 | ||
| Bank balance other than cash and cash equivalents | 303510000 | ||
| Loans, current | 0 | ||
| Other current financial assets | 97380000 | ||
| Total current financial assets | 2386900000 | ||
| Current tax assets (net) | 168960000 | ||
| Other current assets | 204110000 | ||
| Total current assets | 2778530000 | ||
| 3 | Non-current assets classified as held for sale | 0 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0 | |
| Total assets | 6900990000 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 872670000 | ||
| Other equity | -13815650000 | ||
| Total equity attributable to owners of parent | -12942980000 | ||
| Non controlling interest | |||
| Total equity | -12942980000 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 112520000 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0 | ||
| Total Trade payable | 0 | ||
| Other non-current financial liabilities | 7270000 | ||
| Total non-current financial liabilities | 119790000 | ||
| Provisions, non-current | 33690000 | ||
| Deferred tax liabilities (net) | 0 | ||
| Deferred government grants, Non-current | 0 | ||
| Other non-current liabilities | 0 | ||
| Total non-current liabilities | 153480000 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 7455720000 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 335780000 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 7079910000 | ||
| Total Trade payable | 7415690000 | ||
| Other current financial liabilities | 4455420000 | ||
| Total current financial liabilities | 19326830000 | ||
| Other current liabilities | 359230000 | ||
| Provisions, current | 4430000 | ||
| Current tax liabilities (Net) | 0 | ||
| Deferred government grants, Current | 0 | ||
| Total current liabilities | 19690490000 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0 | |
| Total liabilities | 19843970000 | ||
| Total equity and liabilites | 6900990000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results |
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|---|---|---|---|---|---|---|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
| Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 | |||||
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |||||
| Whether accounts are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
| A | Date of start of reporting period | 01-Jan-2025 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | ACTUARIAL VALUATION IMPACT | -1150000 | 1030000 |
| Total Amount of items that will not be reclassified to profit and loss | -1150000 | 1030000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0 | 0 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| 5 | Total Other comprehensive income | -1150000 | 1030000 |
Cash flow statement, indirect |
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|---|---|---|---|---|---|---|
| Particulars | Year ended (dd-mm-yyyy) | |||||
| A | Date of start of reporting period | 01-Apr-2024 | ||||
| B | Date of end of reporting period | 31-Mar-2025 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Part I | Blue color marked fields are non-mandatory. | |||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | -1954060000 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 880080000 | |||||
| Adjustments for decrease (increase) in inventories | -9400000 | |||||
| Adjustments for decrease (increase) in trade receivables, current | -77610000 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0 | |||||
| Adjustments for decrease (increase) in other current assets | 60100000 | |||||
| Adjustments for decrease (increase) in other non-current assets | -213450000 | |||||
| Adjustments for other financial assets, non-current | 0 | |||||
| Adjustments for other financial assets, current | 72400000 | |||||
| Adjustments for other bank balances | 0 | |||||
| Adjustments for increase (decrease) in trade payables, current | 340270000 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0 | |||||
| Adjustments for increase (decrease) in other current liabilities | 64180000 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0 | |||||
| Adjustments for depreciation and amortisation expense | 436110000 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0 | |||||
| Adjustments for provisions, current | 1510000 | |||||
| Adjustments for provisions, non-current | -780000 | |||||
| Adjustments for other financial liabilities, current | 17430000 | |||||
| Adjustments for other financial liabilities, non-current | 70000 | |||||
| Adjustments for unrealised foreign exchange losses gains | 3440000 | |||||
| Adjustments for dividend income | 0 | |||||
| Adjustments for interest income | 56200000 | |||||
| Adjustments for share-based payments | 0 | |||||
| Adjustments for fair value losses (gains) | 0 | |||||
| Adjustments for undistributed profits of associates | 0 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0 | |||||
| Other adjustments to reconcile profit (loss) | 0 | |||||
| Other adjustments for non-cash items | 87750000 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Total adjustments for reconcile profit (loss) | 1605900000 | |||||
| Net cash flows from (used in) operations | -348160000 | |||||
| Dividends received | 0 | |||||
| Interest paid | 0 | |||||
| Interest received | 0 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) operating activities | -348160000 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0 | |||||
| Other cash receipts from sales of interests in joint ventures | 0 | |||||
| Other cash payments to acquire interests in joint ventures | 0 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0 | |||||
| Proceeds from sales of property, plant and equipment | 0 | |||||
| Purchase of property, plant and equipment | 33670000 | |||||
| Proceeds from sales of investment property | 0 | |||||
| Purchase of investment property | 0 | |||||
| Proceeds from sales of intangible assets | 0 | |||||
| Purchase of intangible assets | 0 | |||||
| Proceeds from sales of intangible assets under development | 0 | |||||
| Purchase of intangible assets under development | 0 | |||||
| Proceeds from sales of goodwill | 0 | |||||
| Purchase of goodwill | 0 | |||||
| Proceeds from biological assets other than bearer plants | 0 | |||||
| Purchase of biological assets other than bearer plants | 0 | |||||
| Proceeds from government grants | 0 | |||||
| Proceeds from sales of other long-term assets | 0 | |||||
| Purchase of other long-term assets | 0 | |||||
| Cash advances and loans made to other parties | 0 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0 | |||||
| Dividends received | 0 | |||||
| Interest received | 47120000 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 504350000 | |||||
| Net cash flows from (used in) investing activities | 517800000 | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0 | |||||
| Payments from changes in ownership interests in subsidiaries | 0 | |||||
| Proceeds from issuing shares | 0 | |||||
| Proceeds from issuing other equity instruments | 0 | |||||
| Payments to acquire or redeem entity's shares | 0 | |||||
| Payments of other equity instruments | 0 | |||||
| Proceeds from exercise of stock options | 0 | |||||
| Proceeds from issuing debentures notes bonds etc | 0 | |||||
| Proceeds from borrowings | 0 | |||||
| Repayments of borrowings | 0 | |||||
| Payments of lease liabilities | 2030000 | |||||
| Dividends paid | 0 | |||||
| Interest paid | 0 | |||||
| Income taxes paid (refund) | 0 | |||||
| Other inflows (outflows) of cash | 0 | |||||
| Net cash flows from (used in) financing activities | -2030000 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 167610000 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0 | |||||
| Net increase (decrease) in cash and cash equivalents | 167610000 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 370980000 | |||||
| Cash and cash equivalents cash flow statement at end of period | 538590000 | |||||
Details of Impact of Audit Qualification |
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|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Disclaimer of opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | DNS & Associates | Yes | 28-Feb-2027 | ||
|---|---|---|---|---|---|
Financial details |
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| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
| 1 | Turnover / Total income | 3703440000 | 889360000 |
| 2 | Total Expenditure | 5657800000 | 2843420000 |
| 3 | Net Profit/(Loss) | -1953030000 | -1953030000 |
| 4 | Earnings Per Share | -2.24 | -2.24 |
| 5 | Total Assets | 6900990000 | 6900990000 |
| 6 | Total Liabilities | 19690490000 | 19690490000 |
| 7 | Net Worth | -12942980000 | -12942980000 |
| 8 | Pay channel, carriage sharing and related costs | 2814090000 | 0 |
Audit qualification |
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|---|---|---|---|---|---|---|---|
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Disclaimer of opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Disclaimer of opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Disclaimer of opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Disclaimer of opinion | Repetitive | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Disclaimer of opinion | Repetitive | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Disclaimer of opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| 7 | Textual Information(31) | Disclaimer of opinion | Whether appeared first time | Textual Information(32) | Textual Information(33) | Textual Information(34) | Textual Information(35) |
| 8 | Textual Information(36) | Disclaimer of opinion | Repetitive | Textual Information(37) | Textual Information(38) | Textual Information(39) | Textual Information(40) |
| 9 | Textual Information(41) | Disclaimer of opinion | Repetitive | Textual Information(42) | Textual Information(43) | Textual Information(44) | Textual Information(45) |
| 10 | Textual Information(46) | Disclaimer of opinion | Repetitive | Textual Information(47) | Textual Information(48) | Textual Information(49) | Textual Information(50) |
| 11 | Textual Information(51) | Disclaimer of opinion | Repetitive | Textual Information(52) | Textual Information(53) | Textual Information(54) | Textual Information(55) |
| 12 | Textual Information(56) | Disclaimer of opinion | Repetitive | Textual Information(57) | Textual Information(58) | Textual Information(59) | Textual Information(60) |
| 13 | Textual Information(61) | Disclaimer of opinion | Repetitive | Textual Information(62) | Textual Information(63) | Textual Information(64) | Textual Information(65) |
| 14 | Textual Information(66) | Disclaimer of opinion | Whether appeared first time | Textual Information(67) | Textual Information(68) | Textual Information(69) | Textual Information(70) |
Text Block |
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|---|---|
| Textual Information(1) | The Honble National Company Law Tribunal (NCLT), Mumbai Bench admitted petition for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code 2016 filed by the Financial Creditor vide order dated 22 February 2023, passed in CP no. 690/IBC/MB/2022 (Admission Order). The Admission Order was challenged by one of the Directors (powers suspended) of the Company before National Company Law Appellate Tribunal (NCLAT). NCLAT vide order dated 07 March 2023 stayed the operation of the Admission Order dated 22 February 2023. The appeal filed was subsequently dismissed by the National Company Law Appellate Tribunal on 10 August 2023 (NCLAT Final Order). Pursuant to the NCLAT Final Order, the Resolution Professional (RP) has taken over management and control of the company on 16 August 2023. The Board of Directors (powers suspended) were responsible for management and control of the Company till the date of the NCLAT Final Order. A moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 is in force with respect to the affairs of the Company. By Order dated 1 October 2024 the Honble NCLT, Mumbai, in the clarification application and the intervention applications, held that all CIRP related activities should be considered as on 22 February 2023 and directed that all transactions and appropriations undertaken during the Stay Period shall be reversed and the amounts received by the banks during the stay period shall be remitted back to the account of the Company. The lenders have appealed against the order in NCLAT, Delhi and have received an interim relief from NCLAT, Delhi. Therefore, the matter relating to treatment of liabilities, obligations, and claims incurred during the stay period the duration of the aforementioned period of stay up to the date of dismissal of the appeal, i.e., 07 March 2023 up to 10 August 2023, and treatment of claims/liabilities/obligations arising during such period is currently sub-judice with NCLAT, Delhi. In absence of sufficient and appropriate audit evidence, we are unable to comment on the impact of the outcome of the CIRP on the standalone financial statements of the Company. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(2) | Not applicable |
| Textual Information(3) | Unable to estimate |
| Textual Information(4) | Impact can be estimated once the resolution plan is approved by the Committee of Creditors (CoC) and Honble NCLT, Mumbai. |
| Textual Information(5) | Adequately disclaimed in our report |
| Textual Information(6) | The Company has defaulted in repayment of loans from banks and financial institutions and these accounts have been classified as Non-Performing Assets (NPA) by the lenders under the Consortium. The Company has not provided additional and penal interest as part of finance cost in terms with conditions put forth in arrangements entered into between the banks and financial institutions with the Company. In absence of the computation of such interest along with other sufficient appropriate audit evidence we are unable to comment upon the impact of such non-compliance on the financial information for the quarter and year ended 31 March 2025. n nThe report on the standalone financial results for the quarter and year ended 31 March 2024 was qualified, for the quarter ended 30 June 2024, for the quarter and six months ended 30 September 2024 and for the quarter and nine months ended 31 December 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(7) | Not applicable |
| Textual Information(8) | Unable to estimate |
| Textual Information(9) | Appeals are pending before Honble NCLAT, Delhi seeking clarification on the treatment of liabilities accrued during the stay period of CIRP. Only once these appeal(s) are decided by the adjudicating authority, the impact of penal and additional interest along with other liabilities can be estimated. |
| Textual Information(10) | Adequately disclaimed in our report |
| Textual Information(11) | We have been informed that the financial creditors have submitted claims amounting to Rs.12,060.33 million as on 10 August 2023, out of which Rs.11,292.66 million have been admitted by the RP. The corresponding balance of such borrowings as on 31 March 2025 is Rs.11,639.77 million in the books of accounts. In absence of sufficient and appropriate audit evidence for reconciliation of the balances as per the claims submitted, claims admitted and the outstanding balances in the books of accounts, we are unable to comment upon the impact of such non-accrual of additional/ penal interest along with other sufficient appropriate audit evidence with respect to recognition of liabilities, their measurement and all related disclosures to be made, on the accompanying Statement for the year ended 31 March 2025. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(12) | Not applicable |
| Textual Information(13) | Unable to estimate |
| Textual Information(14) | Claims have been received from financial creditors as on 10th August 2023. The RP has admitted claims as on 10th August 2023 without including any interest charged by the lenders for the stay period (i.e. from 7th March 2023 to 9th August 2023). By Order dated 1 October 2024 the Honble NCLT, Mumbai, in the clarification application and the intervention applications, held that all CIRP related activities should be considered as on 22 February 2023 and directed that all transactions and appropriations undertaken during the Stay Period shall be reversed and the amounts received by the banks during the stay period shall be remitted back to the account of the Company. The lenders have appealed against the order in NCLAT, Delhi and have received an interim relief from Honble NCLAT, Delhi. These appeals are pending before Honble NCLAT, Delhi . Only once these appeals are decided by the adjudicating authority, the impact of penal and additional interest along with other liabilities can be estimated. Hence, the interest for the stay period has not been admitted by the CIRP. Post commencement of CIRP, the financial creditors have shared their claims as on 10th August 2023 and a moratorium is in place and hence the financial creditors cannot charge any interest for the moratorium period. However, in the books of accounts interest has been accrued as per the existing terms of lending to comply with the applicable accounting standards. |
| Textual Information(15) | Adequately disclaimed in our report |
| Textual Information(16) | The operational creditors, employees, statutory authorities and other creditors have submitted claims amounting to Rs.19,834.60 million as on 10 August 2023, out of which Rs.7,066.86 million have been admitted and Rs.3,391.56 million has been admitted as contingent claim by the RP. In absence of sufficient and appropriate and the admission amount of claims and in the absence of reconciliation of the balances as per the claims submitted, claims admitted and the outstanding balances in the books of accounts, we are unable to comment upon the impact of such non-accrual of additional liability, if any, along with other sufficient appropriate audit evidence with respect to recognition of liabilities, their measurement and all related disclosures to be made, on the accompanying Statement for the year ended 31 March 2025. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(17) | Not applicable |
| Textual Information(18) | Unable to estimate |
| Textual Information(19) | Appeal(s) are pending before Honble NCLAT, Delhi for the treatment of liabilities accrued during the stay period of CIRP. Only once these appeal(s) are decided by the adjudicating authority, the impact of claim for the stay period including interest along with other liabilities can be estimated. |
| Textual Information(20) | Adequately disclaimed in our report |
| Textual Information(21) | Certain information including the minutes of meetings of the Committee of Creditors (CoC), and the outcome of certain procedures carried out as a part of the CIRP, has not been shared citing confidentiality reasons. Accordingly, we are unable to comment on the impact, if any, on the accompanying Statement including recognition, measurement and disclosures, that may arise had we been provided access to above-mentioned information. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(22) | Not applicable |
| Textual Information(23) | Unable to estimate |
| Textual Information(24) | Pursuant to the commencement of CIRP of the Company under Insolvency and Bankruptcy Code, 2016, certain information including the minutes of meetings of the Committee of Creditors held on various dates, and the outcome of certain procedures carried out as a part of the CIRP are confidential in nature and could not be shared with anyone other than the member of CoC members and Honble NCLT |
| Textual Information(25) | Adequately disclaimed in our report |
| Textual Information(26) | Two subsidiary companies of Siti Networks Limited, namely, Siti Broadband Services Private Limited and Siti Jind Digital Media Communications Private Limited have been admitted into the CIRP process by orders dated 31 October 2023 and 22 March 2024 of NCLT, Delhi respectively. Their financial statements have not been audited by their statutory auditors and have not been approved/signed by the Resolution Professional appointed for these subsidiaries for the year ended 31 March 2025. In the absence of such financial statements being duly audited by the statutory auditors of these companies, together with other aforementioned matters, we are unable to obtain sufficient appropriate audit evidence to confirm the transactions with and the balances outstanding from/to such subsidiary companies in the books of Siti Networks Limited along with the impairment in carrying value of investments, if any, as at and for the year ended 31 March 2025. n nThe report on the standalone financial results for quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(27) | Not applicable |
| Textual Information(28) | Unable to estimate |
| Textual Information(29) | The RP for Siti Networks Limited has reached out multiple times to the RP of Siti Broadband Services Private Limited and Siti Jind Digital Media Communications Private Limited for closure and audit of financial statements. However, no response has been received from them |
| Textual Information(30) | Adequately disclaimed in our report |
| Textual Information(31) | We have not been provided with the audited financial statements of subsidiary companies namely, Siti Broadband Services Private Limited, Siti Jind Digital Media Communications Private Limited, Siti Jai Maa Durgee Communications Private Limited, Siti Sagar Digital Cable Network Private Limited, Siti Krishna Digital Media Private Limited. In the absence of such financial statements being duly audited by the statutory auditors of these companies, we are unable to obtain sufficient appropriate audit evidence to confirm the transactions with and the balances outstanding from/to such subsidiary companies in the books of Siti Networks Limited along with the impairment in carrying value of investments, if any, as at and for the year ended 31 March 2025. |
| Textual Information(32) | Not applicable |
| Textual Information(33) | Unable to estimate |
| Textual Information(34) | Management is unable to comment on the impact, if any, in this regard. |
| Textual Information(35) | Adequately disclaimed in our report |
| Textual Information(36) | The Companys Revenue from operations includes broadcasters share in subscription income from pay channels, which has correspondingly been presented as an expense which is not in accordance with the requirements of Ind AS 115, Revenue from contracts with customers. Had the management disclosed the same on net basis, the Revenue from Operations and the Pay channel, carriage sharing and related costs each would have been lower by Rs.652.85 million and Rs. 2,814.09 million for the quarter and year ended 31 March 2025 respectively, while there would have been no impact on the net loss for the quarter and year ended 31 March 2025. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(37) | Not applicable |
| Textual Information(38) | Not applicable |
| Textual Information(39) | Not applicable |
| Textual Information(40) | Not applicable |
| Textual Information(41) | We have been provided with a listing of ongoing litigations before NCLT, Mumbai, including the matter referred to in paragraph 4(i) above pertaining to the treatment of claims/liabilities/obligations arising during the period of stay obtained by one of the Directors (powers suspended) of the Company before NCLAT upto the date of dismissal of such appeal, i.e., 07 March 2023 upto 10 August 2023. However, in the absence of an evaluation on these ongoing litigations from the management, we are unable to obtain sufficient appropriate audit evidence to evaluate, assess and comment on the impact, if any, on the accompanying Statement including recognition, measurement and disclosures, that may arise had we been provided access to above-mentioned information. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024 also had a disclaimer of conclusion with respect to the matter stated above, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(42) | Not applicable |
| Textual Information(43) | Unable to estimate |
| Textual Information(44) | Till the time the final order(s) have not been passed in the appeal(s) by the appellate authority, the RP and the management is not in the position to evaluate the final outcome of the appeal(s). |
| Textual Information(45) | Adequately disclaimed in our report |
| Textual Information(46) | The Company has not carried out recoverability and/ or impairment assessment for its subsidiaries namely Central Bombay Cable Network Limited, Indian Cable Net Company Limited, Siti Broadband Services Private Limited, Siti Cable Broadband South Limited, Siti Faction Digital Private Limited, Siti Global Private Limited, Siti Guntur Digital Network Private Limited, Siti Jai Maa Durgee Communications Private Limited, Siti Jind Digital Media Communications Private Limited, Siti Jony Digital Cable Network Private Limited, Siti Karnal Digital Media Network Private Limited, Siti Krishna Digital Media Private Limited, Siti Networks India LLP, Siti Prime Uttaranchal Communication Private Limited, Siti Sagar Digital Cable Network Private Limited, Siti Saistar Digital Media Private Limited, Siti Siri Digital Network Private Limited, Siti Vision Digital Media Private Limited, Variety Entertainment Private Limited and Master Channel Community Network Private Limited. In absence of sufficient and appropriate audit evidence, we are unable to comment on the balances outstanding from such subsidiary companies in the books of Siti Networks Limited along with the impairment in carrying value of investments, if any, as at and for the year ended 31 March 2025. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024 also had a disclaimer of conclusion with respect to the matter stated above, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(47) | Not applicable |
| Textual Information(48) | Unable to estimate |
| Textual Information(49) | Management is unable to comment on the impact, if any, in this regard. |
| Textual Information(50) | Adequately disclaimed in our report |
| Textual Information(51) | On 3 July 2024 the Resolution Professional has submitted an application against former members of the Companys management under Section 25(2)(j) read with Section 66 of the Insolvency and Bankruptcy Code, 2016, and Regulation 35(A)(3) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.This application seeks relief in connection with certain allegedly fraudulent and inappropriate transactions conducted by the Corporate Debtor under the previous management aggregating approx. Rs.3,254.90 million for the period 10 August 2018 to 10 August 2023, and the matter is currently pending with honble NCLT in Mumbai. However, we are not aware of any counter-application(s) filed by the respondents to the aforementioned application, and we have also not been provided with the transaction audit report which forms the basis of such application. Accordingly, in absence of sufficient appropriate audit evidence and pending resolution of this matter, we are unable to comment on any potential impact on the accompanying Statement for the year ended 31 March 2025, including any issues related to recognition, measurement, or disclosures. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(52) | Not applicable |
| Textual Information(53) | Unable to estimate |
| Textual Information(54) | Regulation 35A of the CIRP Regulations requires the RP to form an opinion whether Corporate Debtor is subjected to any transaction covered under Sections 43, 45, 50 or 66 on or before 75th day of the ICD. Post approval received from the CoC during the 2nd Meeting of the committee of creditors, the resolution Professional appointed Pipara and Co LLP under Regulation 27(2) of the CIRP Regulations to undertake the Transaction Audit of Siti Networks Limited. n nThe Transaction Auditor has concluded his report and submitted the same to the Resolution Professional. The Resolution Professional has, basis the findings of the Transaction Audit Report, filed appropriate applications under Section 66 of the Insolvency and Bankruptcy Code of 2016 with the Honble NCLT. The Application filed have been shared with the Auditors |
| Textual Information(55) | Adequately disclaimed in our report |
| Textual Information(56) | The Company has not carried out physical verification of the property, plant and equipment. Accordingly, material discrepancies, if any, could not be ascertained and therefore, we are unable to comment on the existence of such property, plant and equipment and its related impact, if any, on the accompanying Statement for the year ended 31 March 2025 including recognition, measurement and disclosures, that may arise had the Company carried out such physical verification. n nOur report on the standalone financial results for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. n |
| Textual Information(57) | Not applicable |
| Textual Information(58) | Unable to estimate |
| Textual Information(59) | A major part of the Property, Plant and Equipment are installed either at customer premises or lying with the distributors/cable operators. Hence, the physical verification of such items of PPE is not feasible owing to the nature and location of these assets. |
| Textual Information(60) | Adequately disclaimed in our report |
| Textual Information(61) | The Company has incurred a net loss (including other comprehensive income) of Rs.531.32 million and Rs.1,953.03 million during the quarter and year ended 31 March 2025 respectively, and as of that date, the Companys accumulated losses amount to Rs.29,878.28 million resulting in a negative net worth of Rs.12,942.98 million and its current liabilities exceeded its current assets by Rs.16,911.97 million resulting in negative working capital. The above factors along with matters stated in paragraphs 4(i) to 4(xiii) above and other matters as set forth in note 6 to the accompanying Statement, indicate a material uncertainty about the companys ability to continue as a going concern since the future of the Company is dependent upon the successful implementation of a Resolution plan. The Statement has been prepared by the management assuming going concern basis of accounting, for which we have not been able to obtain sufficient appropriate audit evidence regarding the use of such assumption, based on managements assessment of the successful outcome of the ongoing Resolution process with no adjustments having been made to the carrying value of the assets and liabilities and their presentation and classification in the Balance Sheet. n nThe report on the standalone financial results for the quarter and nine months ended 31 December 2024, for the quarter and nine months ended 31 December 2023 and for the year ended 31 March 2024 also had a disclaimer of conclusion with respect to the matter stated above. |
| Textual Information(62) | Not applicable |
| Textual Information(63) | Unable to estimate |
| Textual Information(64) | Going concern basis of accounting has been adopted based on our assessment of a successful outcome of the ongoing Resolution process and accordingly no adjustments have been made to the carrying value of the assets and liabilities and their presentation and classification in the Balance Sheet. |
| Textual Information(65) | Adequately disclaimed in our report |
| Textual Information(66) | The Company has not completed the reconciliation of Goods and Services Tax (GST) input credits pertaining to previous financial years with the books of accounts and the returns filed with the statutory authorities. In the absence of adequate supporting documentation and reconciliations, we are unable to obtain sufficient appropriate audit evidence to determine the accuracy, completeness, and recoverability of the GST input credits recognized in the financial statements as at and for the year ended 31 March 2025. Consequently, we are unable to ascertain the possible impact, if any, of such unreconciled GST input credits on the financial position, results, and cash flows of the Company. |
| Textual Information(67) | Not applicable |
| Textual Information(68) | Unable to estimate |
| Textual Information(69) | The Company is in the process of reconciling its accounts which could not be completed by the time of audit closure owing to pending confirmations and adjustments with vendors pertaining to pre-CIRP dues. |
| Textual Information(70) | Adequately disclaimed in our report |
Signatories detail |
|
|---|---|
| Name of CEO / Managing director | Yogesh Sharma |
| Name of CFO | Not Applicable |
| Name of audit committee chairman | Not Applicable |
| Name of statutory auditor | Ankit Marwaha |
| Name of other signatory, if any, with designation | Rohit Mehra, Resolution Professional |
| Place | Noida |
| Date | 30-Jun-2025 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | SITI NETWORKS LIMITED | Essel Realty Developers Private Limited | Enterprises owned or significantly influenced by KMP or their relatives | Purchase of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 160000 | 0 | 0 | |||||||||||||||||
| 2 | SITI NETWORKS LIMITED | Essel Realty Developers Private Limited | Enterprises owned or significantly influenced by KMP or their relatives | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 6640000 | 6290000 | ||||||||||||||||
| 3 | SITI NETWORKS LIMITED | Indian Cable Net Company Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 107930000 | 0 | 0 | |||||||||||||||||
| 4 | SITI NETWORKS LIMITED | Indian Cable Net Company Limited | SUBSIDIARY | Purchase of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 9030000 | 0 | 0 | |||||||||||||||||
| 5 | SITI NETWORKS LIMITED | Indian Cable Net Company Limited | SUBSIDIARY | Any other transaction | Exp paid by other | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 27660000 | 0 | 0 | ||||||||||||||||
| 6 | SITI NETWORKS LIMITED | Indian Cable Net Company Limited | SUBSIDIARY | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 66730000 | 0 | ||||||||||||||||
| 7 | SITI NETWORKS LIMITED | Indian Cable Net Company Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 0 | 8620000 | ||||||||||||||||
| 8 | SITI NETWORKS LIMITED | Indinet Service Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 90000 | 90000 | ||||||||||||||||
| 9 | SITI NETWORKS LIMITED | Master Channel Community Network Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 2390000 | 0 | 0 | |||||||||||||||||
| 10 | SITI NETWORKS LIMITED | Master Channel Community Network Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 40480000 | 38640000 | ||||||||||||||||
| 11 | SITI NETWORKS LIMITED | Siti Vision Digital Media Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 400000 | 0 | 0 | |||||||||||||||||
| 12 | SITI NETWORKS LIMITED | Siti Vision Digital Media Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 8440000 | 8880000 | ||||||||||||||||
| 13 | SITI NETWORKS LIMITED | Siti Jind Digital Media Communications Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 220000 | 0 | 0 | |||||||||||||||||
| 14 | SITI NETWORKS LIMITED | Siti Jind Digital Media Communications Private Limited | SUBSIDIARY | Purchase of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 210000 | 0 | 0 | |||||||||||||||||
| 15 | SITI NETWORKS LIMITED | Siti Jind Digital Media Communications Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 2250000 | 3020000 | ||||||||||||||||
| 16 | SITI NETWORKS LIMITED | Siti Maurya Cable Net Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 600000 | 0 | 0 | |||||||||||||||||
| 17 | SITI NETWORKS LIMITED | Siti Maurya Cable Net Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 1530000 | 290000 | ||||||||||||||||
| 18 | SITI NETWORKS LIMITED | Siti Karnal Digital Media Network Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 50000 | 50000 | ||||||||||||||||
| 19 | SITI NETWORKS LIMITED | Siti Siri Digital Network Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 5850000 | 0 | 0 | |||||||||||||||||
| 20 | SITI NETWORKS LIMITED | Siti Siri Digital Network Private Limited | SUBSIDIARY | Any other transaction | Exp paid by other | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 1470000 | 0 | 0 | ||||||||||||||||
| 21 | SITI NETWORKS LIMITED | Siti Siri Digital Network Private Limited | SUBSIDIARY | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 29360000 | 21490000 | ||||||||||||||||
| 22 | SITI NETWORKS LIMITED | Siti Prime Uttaranchal Communication Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 40000 | 0 | 0 | |||||||||||||||||
| 23 | SITI NETWORKS LIMITED | Siti Prime Uttaranchal Communication Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 3920000 | 4160000 | ||||||||||||||||
| 24 | SITI NETWORKS LIMITED | Siti Saistar Digital Media Private Limited | SUBSIDIARY | Sale of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 3080000 | 0 | 0 | |||||||||||||||||
| 25 | SITI NETWORKS LIMITED | Siti Saistar Digital Media Private Limited | SUBSIDIARY | Purchase of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 1240000 | 0 | 0 | |||||||||||||||||
| 26 | SITI NETWORKS LIMITED | Siti Saistar Digital Media Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 330000 | 2220000 | ||||||||||||||||
| 27 | SITI NETWORKS LIMITED | Variety Entertainment Private Limited | SUBSIDIARY | Purchase of goods or services | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 140000 | 0 | 0 | |||||||||||||||||
| 28 | SITI NETWORKS LIMITED | Variety Entertainment Private Limited | SUBSIDIARY | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 9370000 | 9520000 | ||||||||||||||||
| 29 | SITI NETWORKS LIMITED | Siti Global Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 4950000 | 4950000 | ||||||||||||||||
| 30 | SITI NETWORKS LIMITED | Siti Sagar Digital Cable Network Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 980000 | 980000 | ||||||||||||||||
| 31 | SITI NETWORKS LIMITED | Siticable Broadband South Limited | SUBSIDIARY | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 3160000 | 3160000 | ||||||||||||||||
| 32 | SITI NETWORKS LIMITED | Siti Jai Maa Durgee Communications Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 80000 | 80000 | ||||||||||||||||
| 33 | SITI NETWORKS LIMITED | Siti Jony Digital Cable Network Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 40000 | 40000 | ||||||||||||||||
| 34 | SITI NETWORKS LIMITED | Siti Faction Digital Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 40000 | 40000 | ||||||||||||||||
| 35 | SITI NETWORKS LIMITED | Siti Networks India LLP | SUBSIDIARY | Any other transaction | Payables | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 240300000 | 240300000 | ||||||||||||||||
| 36 | SITI NETWORKS LIMITED | Central Bombay Cable Network Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 70000 | 70000 | ||||||||||||||||
| 37 | SITI NETWORKS LIMITED | Siti Krishna Digital Media Private Limited | SUBSIDIARY | Any other transaction | Receivable | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 30000 | 30000 | ||||||||||||||||
| 38 | SITI NETWORKS LIMITED | Yogesh Sharma | Key management personnel of entity or parent | Remuneration | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 3440000 | 0 | 0 | |||||||||||||||||
| 39 | SITI NETWORKS LIMITED | Suresh Kumar | Key management personnel of entity or parent | Remuneration | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 2510000 | 0 | 0 | |||||||||||||||||
| 40 | SITI NETWORKS LIMITED | Siti Vision Digital Media Private Limited | SUBSIDIARY | Any other transaction | Advance | As the Company is under CIRP. Therefore, the Audit Committee is suspended. | 0 | 2400000 | 1570000 | ||||||||||||||||
| Total value of transaction during the reporting period | 166370000 | ||||||||||||||||||||||||
Format for Disclosing Outstanding Default on Loans and Debt Securities |
|||
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 1206030000 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 1206030000 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 0 | |
| B | Of the total amount outstanding, amount of default as on date | 0 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 1206030000 | |