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.

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.