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Mahanagar Telephone Nigam is engaged in providing telecom services.(Source : 201903 Annual Report Page No:120)
MTNL announced BSNL has taken over telecom services maintenance/operations in Delhi & Mumbai since Jan 2025. BSNL funds CAPEX/OPEX, while MTNL focuses on monetizing assets for loan repayment. The company also incurred ~Rs 1.25 Cr in fines for board composition and service quality non-compliance.
MTNL announced its 40th Annual General Meeting. The Register of Members and Share Transfer Books will be closed for the AGM. This impacts shareholders requiring transfers or updates related to the meeting.
MTNL confirms it is not a 'Large Corporate', meaning it isn't subject to certain debt issuance rules. Total outstanding borrowing is Rs 36,314 Cr, including bonds and bank loans.
MTNL has assigned leasehold rights for its BKC residential property to NABARD for ₹350.72 Cr. This strategic move monetizes a non-core asset, providing a substantial cash infusion and strengthening MTNL's financial position.
MTNL's RTA processed 1 physical share transfer request via the special window, approving it within 9 days. This indicates efficient handling of shareholder transfer requests for the period.