Mahanagar Telephone Nigam Limited has executed a deed of assignment of leasehold property with the National Bank for Agriculture and Rural Development (NABARD) under Regulation 30 of SEBI (LODR) Regulations, 2015. The state-owned telecommunications company received ₹350.72 crore as consideration for transferring leasehold rights of its residential property in Mumbai.

Transaction Overview

The deed of assignment was executed on March 30, 2026, following MTNL's earlier intimation dated December 15, 2025. Under this agreement, MTNL transfers the leasehold right for the unexpired balance of the lease term of its residential property to NABARD.

Property Details

The transferred property comprises MTNL's residential quarters located in Mumbai's Bandra Kurla Complex. The GN Block BKC Quarters consist of 28 residential units with substantial built-up area.

Regulatory Compliance

The transaction falls under government-to-government transfer and complies with SEBI (LODR) Regulations, 2015. MTNL has disclosed this information pursuant to Regulation 30 read with Para B of Part A of Schedule III, ensuring full transparency with stock exchanges including BSE and NSE.

Financial Impact

The ₹350.72 crore consideration provides MTNL with significant liquidity from its real estate portfolio monetization. NABARD has already paid the full consideration amount, completing this substantial asset transfer that demonstrates MTNL's strategy to optimize its property holdings while focusing on core telecommunications operations.

Mahanagar Telephone Nigam Limited (MTNL) has informed stock exchanges about the extension of additional charge for a key directorial position, following approval from the highest government authorities. The telecommunications company disclosed this development in compliance with regulatory requirements on March 24, 2026.

Leadership Extension Details

The Appointments Committee of the Cabinet (ACC) has granted ex-post facto approval for extending the additional charge of the Director (HR&EB) post at MTNL to Dr. Kalyan Sagar Nippani, who currently serves as Director (HR) at Bharat Sanchar Nigam Limited (BSNL).

Regulatory Communication

The Department of Telecommunications (DoT), Ministry of Communications, Government of India, conveyed the Cabinet's decision through its letter dated March 24, 2026. This communication follows an earlier DoT order dated December 31, 2025, indicating a continuation of the administrative arrangement.

The approval comes with specific conditions regarding compensation. Dr. Nippani will not be entitled to any additional remuneration during the period of holding the additional charge at MTNL while continuing his primary role at BSNL.

Compliance and Documentation

MTNL has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by informing both BSE Limited and the National Stock Exchange of India Limited about this corporate development. The company's communication was signed by Company Secretary Ratan Mani Sumit and addressed to both stock exchanges where MTNL shares are listed.

The DoT's order was issued under the authority of the Department of Personnel and Training (DoPT) communication, demonstrating the multi-level approval process for such senior appointments in government enterprises. This extension ensures continuity in MTNL's human resources and employee benefits management during a critical period for the state-owned telecommunications company.