Mahanagar Telephone Nigam Limited held its 40th Annual General Meeting (AGM) on September 30, 2026, through Video Conferencing/Other Audio Visual Means. The meeting commenced at 11:34 am and concluded at 12:22 pm, with 65 members attending, including the Authorised Representative of the President of India.

Key resolutions passed

The shareholders considered and approved several ordinary business items. The primary resolution involved receiving, considering, and adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports.

Additionally, the meeting approved the re-appointment of Dr Kalyan Sagar Nippani, Director (HR & EB), who retired by rotation and was eligible for re-appointment. The remuneration of the Statutory Auditors for FY27, appointed by the Comptroller & Auditor General of India, was also fixed during the session.

Special business and director appointments

Under special business, members approved the appointment of two Government Nominee Directors from the Department of Telecommunications (DoT):

• Shyamal Misra (Additional Secretary, DoT)
• K Balaji (Joint Secretary, Administration, DoT)

The meeting also ratified the remuneration of Cost Auditors for FY27.

Chairman's address and revival plan

A. Robert J. Ravi, Chairman and Managing Director, delivered a speech outlining the company's strategic direction. His address covered the MTNL Revival Plan, the service agreement between MTNL and BSNL, the resolution plan for bank loans, and the asset monetization plan. He also reviewed the financial performance of MTNL and its subsidiary and joint venture companies.

Voting and scrutiny process

Remote e-voting facilities were available from September 27, 2026, to September 29, 2026. Hemant Kumar Singh, Partner of M/s Hemant Singh & Associates, served as the scrutinizer. The voting results and the scrutinizer's report are scheduled to be announced on or before October 5, 2026.

Mahanagar Telephone Nigam Limited received a financial disincentive of ₹15,00,000 from the Telecom Regulatory Authority of India (TRAI) for violating Quality of Service (QoS) standards in its Broadband (Wireline) service. The penalty relates to the quarter ending March 2026.

The order, dated September 24, 2026, cites contraventions of Regulation 9 and Regulation 10 of the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024. These regulations govern the performance metrics and service quality benchmarks that telecom operators must meet.

Regulatory Compliance and Disclosure

The company disclosed this development in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the disclosure falls under sub-para 20 of para A of Part A of Schedule III, which mandates listed entities to report fines or penalties imposed by regulatory authorities.

The filing was signed by Ratan Mani Sumit, Company Secretary, on September 25, 2026. MTNL confirmed receipt of the TRAI order and submitted the details to both the BSE and the National Stock Exchange of India.

Impact on Operations

In its disclosure, MTNL stated that the penalty does not have a material impact on its financial position, operations, or other business activities. The fine is categorized as a financial disincentive rather than a punitive measure affecting core business viability.