Mahanagar Telephone Nigam Ltd appointed M/s S L Chhajed &Co LLP and M/s S P A R K & Associates Chartered Accountants LLP as its joint statutory auditors for the financial year 2026-27.

The Comptroller and Auditor General of India issued the appointment letter on September 8, 2026. The company disclosed the engagement on September 9, 2026, in compliance with Regulation 30 and Regulation 51 of the SEBI (LODR) Regulations, 2015.

Auditor Details

The appointed firms will serve as the statutory auditors for Mahanagar Telephone Nigam Ltd under Section 139 of the Companies Act, 2013. They will also audit the consolidated financial statements of the company under Section 139 read with Section 129(4) of the Act.

There is no change to the first statutory auditor, M/s S L Chhajed &Co LLP, from the previous financial year. The firm continues its tenure alongside the newly mentioned joint auditor.

Mahanagar Telephone Nigam has confirmed the closure of its register of members and share transfer books from Thursday, September 24, 2026, to Wednesday, September 30, 2026. This closure is in compliance with Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015.

The company will hold its 40th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 11:30 am via video conferencing or other audio-visual means. The notice was issued on September 5, 2026, by Company Secretary Ratan Mani Sumit.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for shareholder approval:

• Appointment of Government Nominee Directors: Shareholders are asked to approve the appointments of Shri Shyamal Misra and Shri K Balaji as Government Nominee Directors. Both were initially appointed as Additional Directors by the Department of Telecommunications effective July 8, 2026.
• Reappointment of Director: Dr Kalyan Sagar Nippani, Director (HR & EB), retires by rotation and offers himself for reappointment.
• Auditor Remuneration: The Board seeks approval to fix the remuneration of statutory auditors appointed by the Comptroller & Auditor General of India for FY27.
• Cost Auditor Fees: The meeting will ratify the remuneration of M/s R.M. Bansal & Co. as Cost Auditors for FY27. The total fee is fixed at ₹1,12,100, comprising ₹80,000 in professional fees and ₹15,000 for out-of-pocket expenses, plus GST.

Voting and Participation Details

The company has established specific timelines for remote e-voting and register closure:

Shareholders can participate in the AGM through the VC/OAVM facility provided by Central Depository Services (India) Limited. Participation is available on a first-come, first-served basis for up to 1,000 members, excluding large shareholders, promoters, and institutional investors who have unrestricted access.