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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Siti Networks Ltd

Siti Networks: NCLT Appoints Resolution Professional Trupalkumar Patel

REGULATORY ◆ Monitor Closely HIGH RISK
📅 Filed on BSE: 13 Oct 2026, 09:04 PM IST  ·  BSE ID: c9cd1bb1-4d61-4e37-8ad2-6747c4dd0db3
View Original BSE Filing (PDF)
💡
In Simple Terms
A court has appointed a specific person to manage the company's financial restructuring process.
🤖 AI Summary
  • NCLT Mumbai appointed Mr. Trupalkumar Patel as Resolution Professional for Siti Networks.
  • The appointment order was issued by the Hon'ble NCLT on September 28, 2026.
  • The company received the NCLT order on October 12, 2026.
  • Mr. Patel's IP Registration number is IBBI/IPA-001/IP-P01186/2018-19/11907.
🔢 Key Numbers — exact figures from BSE filing, not rounded
IP Registration Number
IBBI/IPA-001/IP-P01186/2018-19/11907
🏢 How This Affects the Company
⚙️
Operational Impact
The appointment of a Resolution Professional signifies that the company is undergoing formal insolvency resolution proceedings.
⚠️
Risk Impact
This filing confirms the continuation of the insolvency process, which presents significant financial and operational risks for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the ongoing insolvency proceedings and the appointment of a Resolution Professional.
🔍
Management Signal
The NCLT order signifies the formal progression of the insolvency resolution process under judicial oversight.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Updates from NCLT on resolution plan progress.
Further disclosures regarding the insolvency process timelines.
Any new NCLT directives or hearings scheduled.
HIGH RISK Company is in formal insolvency proceedings, indicating significant financial and operational uncertainty.
💡 Investor Takeaway
Siti Networks' insolvency process is actively progressing with the NCLT appointing Mr. Trupalkumar Patel as Resolution Professional, as per the order dated September 28, 2026.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Company remains under ongoing insolvency proceedings, with a previous default of INR 1,206.03 Crore bank debt.
📅 Company Track Record
Siti Networks is currently undergoing insolvency. Previous filings show defaults on INR 1,206.03 Crore bank debt, with insolvency proceedings initiated in February 2023.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
Who has been appointed as the Resolution Professional for Siti Networks?
Mr. Trupalkumar Patel has been appointed as the Resolution Professional for Siti Networks.
Which authority made the appointment of the Resolution Professional?
The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, made the appointment.
When was the NCLT order appointing the Resolution Professional issued?
The NCLT order was issued on September 28, 2026.
When did Siti Networks receive the NCLT order?
Siti Networks received the NCLT order on October 12, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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