Mahanagar Telephone Nigam Limited has completed the funding of its designated escrow account for the upcoming semi-annual interest payment on its bond series. The state-owned telecommunications company informed stock exchanges about this development through a regulatory filing on March 4, 2026.

Bond Interest Payment Details

The company has funded the escrow account maintained with Bank of India for the 4th semi-annual interest payment related to its 7.51% MTNL Bond Series VIIID. The funding was completed on March 4, 2026, ensuring timely preparation for the interest payment due on March 6, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MTNL notified both BSE Limited and National Stock Exchange of India Limited about the funding completion, maintaining transparency with stakeholders and regulatory authorities.

The company's proactive approach in funding the escrow account two days before the due date demonstrates its commitment to meeting bond obligations punctually. This action ensures that bondholders will receive their interest payments as scheduled, maintaining the company's credibility in the debt market.

Corporate Communication

The notification was signed by Ratan Mani Sumit, Company Secretary of MTNL, and was digitally authenticated on March 4, 2026. The company referenced its previous communication dated February 24, 2026, indicating ongoing coordination regarding this interest payment process.

This development reflects MTNL's systematic approach to debt servicing and its adherence to regulatory disclosure requirements, providing assurance to bondholders and the investment community about the company's financial discipline.

Mahanagar Telephone Nigam Limited (MTNL) has informed stock exchanges about the extension of additional charge of Director (Finance) post assigned to Shri Rajiv Kumar from Bharat Sanchar Nigam Limited (BSNL).

Cabinet Committee Approves Extension

The Appointments Committee of the Cabinet has provided ex-post facto approval for extending Shri Rajiv Kumar's additional charge as Director (Finance) at MTNL. The extension covers a period of one year effective December 1, 2025, or until further orders, whichever comes earlier.

Regulatory Compliance

MTNL has disclosed this information in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, regarding disclosure of events or information. The company communicated the development to both BSE Limited and National Stock Exchange of India Limited on March 3, 2026.

The Department of Telecommunications, Ministry of Communications, Government of India, issued the formal order dated March 3, 2026, conveying the Cabinet's approval for the extension.

Compensation Structure

During the period of holding additional charge, Shri Rajiv Kumar will not be entitled to any additional remuneration beyond his existing compensation as Director (Finance) at BSNL. This arrangement continues the cost-effective approach for MTNL's senior management structure.

Previous Arrangement

This extension follows MTNL's earlier communication dated November 28, 2025, and continues the arrangement where BSNL's Director (Finance) also handles the finance portfolio at MTNL. The dual role arrangement helps maintain operational continuity across both government telecommunications enterprises.