Mahanagar Telephone Nigam Limited has disclosed to the stock exchanges that it was unable to fund the 7th semi-annual interest payment for its 8.00% MTNL Bond Series VII A (INE153A08105) due to insufficient funds. The interest for this bond series was due on May 15, 2026. The disclosure was made in compliance with Regulation 30 & 51 of the SEBI (LODR) Regulations, 2015.

According to the Structured Payment Mechanism outlined in the Tri-Partite Agreement (TPA) signed between MTNL, the Department of Telecommunications (DoT), the Ministry of Communications, and Beacon Trusteeship Limited, the company is mandated to fund the semi-annual interest into the ESCROW Account with the adequate amount 10 days before the due date. However, the company confirmed that it could not meet this obligation due to a lack of funds.

Sovereign Guarantee Provisions

The company emphasized that all bonds issued by MTNL are Sovereign Guaranteed Bonds by the Government of India. The notification detailed the procedure in the event of a default. If MTNL fails to pay the Principal or Interest on the bonds, the Sovereign Guarantee is invoked by the Debenture Trustee. Consequently, the Government of India is obliged to make the payment to MTNL to cover the default.

This invocation is based on Tripartite Agreements (TPA) entered into between the Government of India, the Debenture Trustee, and MTNL. These agreements were filed with the BSE at the time the bonds were listed.

Bond Details

The following table summarizes the key details of the bond series mentioned in the regulatory filing:

In light of the TPA provisions, MTNL has officially recorded its inability to fund the ESCROW Account adequately. The stock exchanges have been requested to take this information on record.

Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has informed the stock exchanges of the completion of funding for the 5th semi-annual interest payment related to its 7.80% MTNL Bond Series VIII C. The funding of the designated escrow account, maintained at Bank of India, was completed on May 04, 2026, ahead of the due date of May 07, 2026. This disclosure was made in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bond Interest Payment Details

The following table summarises the key details of the escrow funding event as disclosed by MTNL:

Regulatory Compliance

The disclosure was made pursuant to a prior communication dated April 27, 2026, and forms part of MTNL's ongoing obligations under SEBI's listing regulations. By completing the escrow funding three days ahead of the scheduled due date, MTNL has ensured timely provisioning for the interest payment to bondholders. The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited as required under the applicable regulatory framework. The communication was digitally signed by the Company Secretary, Ratan Mani Sumit, on May 04, 2026.