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.

Mahanagar Telephone Nigam Ltd has executed a Memorandum of Understanding with the Government of Bihar for the transfer of leasehold rights of seven residential properties valued at ₹68.43 crore. The agreement was signed on March 24, 2026, and has been disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Property Portfolio Details

The MoU covers seven residential properties located at Asian Games Village Complex (Khelgaon), New Delhi. The Bihar Government has deposited the full amount of ₹68.43 crore with MTNL, providing immediate liquidity to the telecommunications company.

Agreement Terms and Conditions

The transfer is subject to receipt of the required Non Objection Certificate (NOC) and execution of the necessary Lease Transfer Deed with Delhi Development Authority (DDA) and other approvals as may be necessary. The MoU establishes a government-to-government transfer framework, ensuring regulatory compliance.

Regulatory Compliance

MTNL has informed both BSE Limited and National Stock Exchange of India Limited about this transaction in compliance with SEBI regulations. The company emphasized that this represents a government-to-government transfer and does not fall within related party transactions.

Strategic Impact

This property agreement represents a significant step in MTNL's asset optimization strategy, converting non-core real estate holdings into immediate financial resources. The upfront payment of ₹68.43 crore provides the telecommunications company with enhanced liquidity while transferring operational responsibilities to the Bihar Government. The flexible timeline structure accommodates the complexities of property transfers while maintaining momentum toward transaction closure.