5327952025-01-012025-03-315327952025-03-315327952025-01-012025-03-31CompositionOfBoardOfDirectors15327952025-03-31CompositionOfBoardOfDirectors15327952025-01-012025-03-31CompositionOfBoardOfDirectors25327952025-03-31CompositionOfBoardOfDirectors25327952025-01-012025-03-31CompositionOfBoardOfDirectors35327952025-03-31CompositionOfBoardOfDirectors35327952025-01-012025-03-31CompositionOfBoardOfDirectors45327952025-03-31CompositionOfBoardOfDirectors45327952025-01-012025-03-31CompositionOfCommittees145327952025-03-31CompositionOfCommittees145327952025-01-012025-03-31CompositionOfCommittees155327952025-03-31CompositionOfCommittees155327952025-01-012025-03-31CompositionOfCommittees415327952025-03-31CompositionOfCommittees415327952025-01-012025-03-31CompositionOfCommittees425327952025-03-31CompositionOfCommittees425327952025-01-012025-03-31CompositionOfCommittees685327952025-03-31CompositionOfCommittees685327952025-01-012025-03-31CompositionOfCommittees695327952025-03-31CompositionOfCommittees695327952025-01-012025-03-31CompositionOfCommittees1225327952025-03-31CompositionOfCommittees1225327952025-01-012025-03-31CompositionOfCommittees1235327952025-03-31CompositionOfCommittees1235327952024-12-315327952025-03-31ImpositionOfFineOrPenaltyDomain15327952025-03-31ImpositionOfFineOrPenaltyDomain25327952025-03-31OngoingTaxLitigationsOrDisputesDomain1xbrli:pure532795SITINETNOTLISTEDINE965H01011SITI NETWORKS LIMITED2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseThe Coampany has not acquired any shares or voting rights in any company including unlisted company, during the quarter under review in this integrated Corporate Governance Report.truetruefalseNo loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them falseAny othertrueW00056OriginalThe Company has been admitted into the Corporate Insolvency Resolution Process by order dated 22/02/2023 passed by the Hon'ble NCLT, Mumbai. Therefore, pursuant to Reg 15(2A) & 15(2B) of SEBI LODR, the Company is fully exempt from the provisions of Reg 17, 18, 19, 20 and 21 of the SEBI LODR, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, NRC, Stakeholders Relationship Committee and CSR Committee.falsefalseMrSURESH ARORA00299232Executive DirectorNot Applicable1963-05-02falseActiveNA2019-06-142022-06-141010MrAMITABH KUMARACFPK4189F00222260Non-Executive - Non Independent DirectorNot Applicable1953-09-27falseActiveNA2019-12-302019-12-302011MsSHILPI ASTHANA08465502Non-Executive - Independent DirectorNot Applicable1978-09-28falseActiveNA2024-12-272024-12-2739.52251MsKAVITA ANAND KAPAHIAAFPK1348A02330706Non-Executive - Non Independent DirectorNot Applicable1972-12-21falseActiveNA2021-04-012021-04-012141Siti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. falsefalsetruetrueAudit Committee02330706KAVITA ANAND KAPAHINon-Executive - Non Independent DirectorMember2021-04-07Audit Committee08465502SHILPI ASTHANANon-Executive - Independent DirectorMember2021-12-27Nomination and remuneration committee02330706KAVITA ANAND KAPAHINon-Executive - Non Independent DirectorMember2021-06-07Nomination and remuneration committee08465502SHILPI ASTHANANon-Executive - Independent DirectorMember2021-12-27Stakeholders Relationship Committee02330706KAVITA ANAND KAPAHINon-Executive - Non Independent DirectorChairperson2021-06-25Stakeholders Relationship Committee00299232SURESH ARORAExecutive DirectorMember2019-05-30Corporate Social Responsibility Committee02330706KAVITA ANAND KAPAHINon-Executive - Non Independent DirectorChairperson2021-06-25Corporate Social Responsibility Committee00299232SURESH ARORAExecutive DirectorMember2019-05-30Siti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. Siti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. truetruetruetrueNAtruefalsefalseSiti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. Suresh KumarCompany Secretary and Compliance OfficerYeshttps://sitinetworks.com/digital-tv.phpYeshttps://www.sitinetworks.com/Siti_Memorandum_and_Articles_of_Association_SitiNetworksLimited.pdfYeshttps://sitinetworks.com/CompanyAboutUs.php#Board_dirYeshttps://sitinetworks.com/pdf/Corporate_Governance/Terms%20and%20Conditions%20of%20Appointment%20of%20Independent%20Directors.pdfYeshttps://sitinetworks.com/InvestorFinancials.php#CorporateComitteeYeshttps://sitinetworks.com/pdf/Corporate_Governance/Code%20of%20Conduct.pdfYeshttps://sitinetworks.com/pdf/Corporate_Governance/Whistle%20Blower%20Policy.pdfYeshttps://sitinetworks.com/SitiUpload/corporate-governance/0/Criteria%20for%20making%20payment%20to%20Non%20Executive%20Directors.pdfYeshttps://sitinetworks.com/pdf/Corporate_Governance/Related%20Party%20Transaction%20Policy.pdfYeshttps://www.sitinetworks.com/pdf/Corporate_Governance/Policy_on_Material_Subsidiary.pdfYeshttps://www.sitinetworks.com/pdf/Corporate_Governance/FAMILIARIZATION_PROGRAM_FOR_INDEPENDENT_DIRECTORS.pdfYeshttps://www.sitinetworks.com/InvestorFinancials.php#irShareholderServicesYeshttps://sitinetworks.com/InvestorFinancials.php#irShareholderServicesYeshttps://www.sitinetworks.com/InvestorFinancials.php#financialsYeshttps://sitinetworks.com/InvestorFinancials.php#ShareholdingPatternNANANANAYeshttps://sitinetworks.com/InvestorFinancials.php#irCorporateAnnouncementsNAYeshttps://sitinetworks.com/InvestorFinancials.php#financialsYeshttps://sitinetworks.com/InvestorFinancials.php#financialsYeshttps://sitinetworks.com/pdf/Corporate_Governance/Policy_Determination_of_material_Events.pdfYeshttps://sitinetworks.com/InvestorFinancials.php#irShareholderServicesYeshttps://sitinetworks.com/pdf/Corporate_Governance/Preservation_of_Docs_Archival_of_Record.pdfNAYeshttps://sitinetworks.com/pdf/Corporate_Governance/Dividend_Distribution_Policy.pdfYeshttps://sitinetworks.com/InvestorFinancials.php#financialsYeshttps://sitinetworks.com/pdf/Corporate_Governance/DISCLOSURES%20PURSUANT%20TO%20REGULATION%2014%20OF%20THE%20SEBI%20(SHARE%20BASED%20EMPLOYEE%20BENEFITS)%20REGULATIONS,%202014%20FOR%20THE%20FINANCIAL%20YEAR%20ENDED%20MARCH%2031,%202018.pdfYeshttps://sitinetworks.com/InvestorFinancials.php#irCorporateAnnouncementsYeswww.sitinetworks.comYesNANANANANANANANANANANANANANANANANANANANANANANANANANANAYesYesNANANAYesYesYesYesYesNAYesYesNoInsurance Companies have refused to renew/issue the D & O insurance policy of the Company.YesYesYesYesYesYesSiti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. Suresh KumarCompany Secretary and Compliance OfficerYesSiti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. Suresh KumarCompany Secretary and Compliance OfficerfalseSiti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIRP, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIRP. Suresh KumarCompany Secretary and Compliance OfficerNoida2025-04-3000000Siti Networks Limited (the Company) is undergoing Corporate Insolvency Resolution Process (CIRP) by order dated 22 February 2023, passed by the Honble National Company Law Tribunal, Mumbai Bench and Mr. Rohit Mehra, an insolvency professional was appointed as the Interim Resolution Professional to manage the affairs of the Company and conduct its CIRP in accordance with the provisions of the Code. The appointment of Mr. Rohit Mehra as the Resolution Professional of the Company was later confirmed by the Committee of Creditor of the Company in the first meeting of the Committee of Creditors of the Company held on 1 September 2023. Pursuant to the Admission Order and in line with the applicable provisions of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of the Company stood suspended and vested with the Mr. Rohit Mehra, as the Resolution Professional of the Company. Pursuant to sub-regulation (2A) and (2B) in Regulation 15 in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Company is fully exempt from the provisions of Regulation 17, 18, 19, 20 and 21 of the SEBI Listing Regulations, including with regard to holding requisite number of meetings in a year and composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee. Since the Company is under CIR process, as per Regulation 15(2A) and (2B) of the SEBI Listing Regulations, Regulations 17, 18,19, 20 and 21 of the SEBI Listing Regulations relating to various Board constituted Committees are not applicable to the Company during the CIR Process. BSE Limitedas per serial No. 21 of para 6.1 of Section VII-A of Chapter VII of Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 20242025-03-14Non-comliance of Regulation 33 of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015NilNational Stock Exchange of India Limitedas per serial No. 21 of para 6.1 of Section VII-A of Chapter VII of Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 20242025-03-14Non-comliance of Regulation 33 of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015NilIndusInd Bank Limited2022-06-10The Company has been admitted under Corporate Insolvency Resolution Process vide order dated February 22, 2023.The Company is still undergoing CIRP.