Mahanagar Telephone Nigam Limited appointed Shri Shyamal Misra and Shri K Balaji as Government Nominee Directors on its board with immediate effect, following the withdrawal of nominations for two previous directors. The appointments, effective July 8, 2026, were made by the Department of Telecommunications (DoT), Ministry of Communications, Government of India. Shri Shyamal Misra serves as Additional Secretary (Telecommunications), while Shri K Balaji serves as Joint Secretary (Administration) at the DoT.

The board changes comply with Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015. Shri Sunil Kumar Ranjan, who was Deputy Director General (Communications and Accounts) at DoT, and Shri Alok Shukla, Advisor at DoT, ceased to be Government Nominee Directors on July 8, 2026. Their cessation was consequent upon the withdrawal of their nomination via a DoT letter dated July 8, 2026.

The DoT issued separate orders exercising powers under Article 66A of the Articles of Association of Mahanagar Telephone Nigam Limited. The orders supersede previous department letters dated January 13, 2026, and January 30, 2025, regarding the appointments of Shri Sunil Kumar Ranjan and Shri Alok Shukla, respectively. The new directors will serve in their ex-officio capacities until further orders.

Board Composition Changes

The following table details the changes in the board composition of Mahanagar Telephone Nigam Limited:

The company stated that necessary actions under the Companies Act, 2013, will be taken regarding these appointments. Ratan Mani Sumit, Company Secretary, confirmed the disclosures to the stock exchanges.

State-owned telecom company Mahanagar Telephone Nigam has sought bids to lease out its properties for dark store usage, according to a newspaper report. The development indicates the company's intent to unlock value from its existing real estate portfolio by catering to the growing demand for last-mile quick-commerce fulfilment infrastructure.

Property Monetisation Initiative

Dark stores are dedicated fulfilment centres used by quick-commerce and e-commerce companies to store and dispatch goods for rapid delivery, typically without being open to the public. By inviting bids to rent out its properties for such purposes, Mahanagar Telephone Nigam appears to be exploring opportunities to generate revenue from its underutilised real estate assets.

Key Highlights

• Mahanagar Telephone Nigam has initiated a formal bidding process for leasing its properties.
• The properties are intended to be used as dark stores by prospective tenants.
• The development was reported by a newspaper; no additional financial details or specific property locations were disclosed in the source data.

No further details regarding the number of properties, lease terms, expected rental income, or the timeline for the bidding process were available in the source report.