Mahanagar Telephone Nigam (MTNL) has informed stock exchanges about the extension of additional charge arrangements for its Director (Technical) position. The announcement follows approval from the Appointments Committee of the Cabinet (ACC) for continuing the current leadership structure.

Leadership Extension Details

The Department of Telecommunications (DoT) issued an order dated March 24, 2026, confirming the extension of additional charge for the Director (Technical) post at MTNL. The arrangement involves Shri Sudhakararao Papa, who currently serves as Director (Enterprise) at Bharat Sanchar Nigam Limited (BSNL).

Regulatory Compliance

MTNL disclosed this information in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, regarding disclosure of events or information. The company secretary, Ratan Mani Sumit, communicated the development to both BSE Limited and National Stock Exchange of India Limited on March 24, 2026.

This extension continues the previous arrangement established through DoT's order dated May 7, 2025. The current extension ensures continuity in the technical leadership role at MTNL while maintaining the dual responsibility structure.

Compensation Structure

The order specifically mentions that during the period of holding additional charge, Shri Sudhakararao Papa will not be entitled to any additional remuneration beyond his current compensation as Director (Enterprise) at BSNL. This arrangement reflects the government's approach to optimizing leadership resources across public sector telecommunications companies.

Administrative Framework

The extension received authorization through DoPT (ACC) communication No. 24/01/2021-EO (ACC) dated March 20, 2026. The order was digitally signed by Amit Kundan, Under Secretary to the Government of India, and distributed to various stakeholders including both BSNL and MTNL leadership, ministry officials, and other relevant government departments.

Mahanagar Telephone Nigam Limited (MTNL) has completed funding for the 6th semi-annual interest payment on its Bond Series VII E, ensuring timely servicing of its debt obligations. The state-owned telecommunications company informed stock exchanges about this development in compliance with regulatory requirements.

Bond Interest Payment Details

The company has funded the designated escrow account maintained with Bank of India for the upcoming interest payment on its 7.75% MTNL Bond Series VII E. The funding arrangement demonstrates MTNL's commitment to meeting its financial obligations to bondholders.

Regulatory Compliance

MTNL filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stakeholders about the company's debt servicing activities.

Corporate Communication

The official communication was signed by Company Secretary Ratan Mani Sumit and dated March 23, 2026. This follows the company's earlier correspondence dated March 13, 2026, regarding the same bond series, indicating ongoing coordination for the interest payment process.

The timely funding of the escrow account reflects MTNL's operational focus on maintaining its debt service schedule and regulatory compliance obligations as a listed government enterprise in the telecommunications sector.