SITI Networks Limited announced disclosure of defaults on payment of interest/repayment of principal amount on loans from Banks. Date of making the disclosure November 30, 2024; Nature of obligation: Term loan instalments; Name of the Lenders: ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, Vani Agencies Pvt. Ltd., ICNCL; Date of default: October 31, 2024 (that is default of October 31, 2024 and continues beyond 30 days); Current default amount (break-up of principal and interest): Principal and Interest: 12,060.3 million.
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