Siti Networks reported unaudited consolidated Q2 FY26 net loss of ₹434.99 million and six-month loss of ₹875.63 million amid ongoing Corporate Insolvency Resolution Process.
Company disclosed negative net worth of ₹12,445.09 million and negative working capital of ₹16,861.18 million as of September 30, 2025, with material uncertainty about going concern status.
Resolution Professional filed application against former management for allegedly fraudulent transactions totaling ₹3,254.90 million, with matter pending before NCLT Mumbai.
Statutory auditors issued disclaimer of opinion on financial results citing multiple limitations including CIRP uncertainties, unreconciled creditor claims, and non-provision of penal interest on NPA accounts.