DTH
Dish TV appoints Rakesh Mohan as non- executive independent director
Mumbai: DTH operator Dish TV has announced that the board of directors at their meeting held on Friday, i.e. 29 July, 2022 has inter-alia, upon receipt of requisite approval from the ministry of information and broadcasting and on the recommendation of the nomination and remuneration committee, approved the appointment of Rakesh Mohan as a non-executive independent director. The appointment has come into effect from 29 July, 2022 and is for a term of five consecutive years.
The appointment is subject to the approval of the shareholders of the company.
Mohan is a retired senior bureaucrat. He joined the Indian Administrative Service in 1978. He has held various positions in his long professional career. To mention a few, he worked as deputy collector in Goa; deputy commissioner and then secretary to the governor in Arunachal Pradesh; additional general manager in the erstwhile DESU, Government of Delhi; and principal secretary in the public works department in the government of Delhi. For five years, he was an additional commissioner in the Municipal Corporation of Delhi, and he worked for the government of India in the ministries of energy (department of power) and commerce. In addition, he was also a joint secretary in the government of India’s ministry of information and broadcasting. He was principal secretary (education) in the Delhi Administration. After his retirement, he devoted his time to serving as a volunteer at the Sri Aurobindo Ashram, Delhi Branch.
DTH
SITI Networks reports Rs 435.69 million loss amid insolvency process
Mounting losses and legal challenges continue to weigh on operations
MUMBAI: SITI Networks Limited, currently undergoing a Corporate Insolvency Resolution Process (CIRP), has reported its un-audited financial results for the quarter and half-year ended 30 September 2025. The company’s financial position remains under significant pressure, with ongoing losses and uncertainty around its ability to continue as a going concern.
The company reported a consolidated net loss of Rs 435.69 million for the September 2025 quarter, taking its accumulated losses to Rs 29,388.36 million. Its net worth stands at a negative Rs 12,445.09 million, while current liabilities exceed assets by Rs 16,861.18 million, raising serious concerns about financial sustainability.
For the half-year period, consolidated revenue from operations declined to Rs 5,667.78 million from Rs 6,108.28 million in the corresponding period last year. Total current liabilities rose to Rs 24,796.07 million, driven largely by trade payables of Rs 11,030.22 million and borrowings of Rs 7,573.85 million.
The Resolution Professional has admitted financial creditor claims of Rs 11,292.66 million, along with operational and employee claims amounting to Rs 7,066.86 million. Meanwhile, statutory auditors have issued a “Disclaimer of Opinion,” citing lack of access to key information, including minutes of Committee of Creditors (CoC) meetings due to confidentiality constraints.
A dispute also continues over Rs 1,230 million appropriated by lenders from the company’s bank accounts during a “stay period.” The National Company Law Appellate Tribunal (NCLAT) has directed that this amount be held in a separate interest-bearing account until the matter is resolved.
Operationally, pay channel costs for the half-year stood at Rs 3,754.03 million. The company noted that if these costs were reported on a net basis, both revenue and expenses would appear lower, though there would be no impact on the net loss.
Additionally, Siti Jind Digital Media Communications ceased to be a subsidiary in October 2025 following approval of a resolution plan. SITI Networks’ future now depends on the successful implementation of its own resolution plan as it continues through the insolvency process.
