Mahanagar Telephone Nigam Limited has informed the stock exchanges that the funding of the designated ESCROW Account maintained in Bank of India for the payment of the 7th semi-annual interest on its 8.00% MTNL Bond Series VII A (INE153A08105) has been successfully completed on May 12, 2026. The interest is due on May 15, 2026. This update follows the company's earlier disclosure dated May 05, 2026, wherein it had reported its inability to fund the ESCROW Account due to insufficient funds. The filing was made in compliance with Regulation 30 & 51 of the SEBI (LODR) Regulations, 2015.

Background: Earlier Funding Shortfall

In its earlier communication dated May 05, 2026, MTNL had disclosed that it was unable to meet the funding obligation under 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. Under this mechanism, the company is mandated to fund the semi-annual interest into the ESCROW Account 10 days before the due date. The company had confirmed at the time that it could not meet this obligation due to a lack of funds.

Sovereign Guarantee Provisions

All bonds issued by MTNL are Sovereign Guaranteed Bonds by the Government of India. As per the TPA provisions, if MTNL fails to pay the principal or interest on the bonds, the Sovereign Guarantee is invoked by the Debenture Trustee, upon which the Government of India is obliged to make the payment to MTNL to cover the default. These Tripartite Agreements were entered into between the Government of India, the Debenture Trustee, and MTNL, and were filed with the BSE at the time the bonds were listed.

Bond and Filing Details

The following table summarizes the key details of the bond series and the latest regulatory filing:

With the ESCROW Account now adequately funded, MTNL has requested the stock exchanges to take the updated information on record. The successful funding ahead of the May 15, 2026 due date resolves the concern raised in the earlier disclosure regarding a potential shortfall in meeting the bond interest obligation.

In a regulatory disclosure dated May 12, 2026, mahanagar telephone nigam Limited (MTNL) informed the stock exchanges of the Appointments Committee of the Cabinet (ACC) approval for the extension of additional charge of the post of Chairman and Managing Director (CMD) of MTNL assigned to Shri A. Robert J. Ravi, CMD of Bharat Sanchar Nigam Limited (BSNL). The disclosure was made in compliance with Regulation 30 & 51 of SEBI (LODR) Regulations, 2015.

Extension of CMD Additional Charge

The Department of Telecommunications (DoT), Ministry of Communications, Government of India, vide its Letter No. E-1-6/2018-PSA dated May 12, 2026, conveyed the ACC's approval for the extension. The key details of the extension are outlined below:

This extension is in continuation of DoT's earlier order of even number dated April 14, 2026, and follows a series of prior communications dating back to July 15, 2024.

Background and Prior Disclosures

MTNL has been making periodic disclosures regarding the additional charge arrangement for the CMD post. The company's earlier letters on this matter were dated July 15, 2024; January 17, 2025; July 14, 2025; July 26, 2025; October 15, 2025; November 06, 2025; and April 15, 2026, reflecting a series of extensions over the period.

Terms of the Extension

As per the DoT order, the following conditions govern the extended additional charge:

• The extension is for a further period of six months with effect from April 15, 2026.
• The arrangement will cease upon the assumption of charge of the post of CMD, BSNL by the regular incumbent, or upon further orders, whichever is the earliest.
• Shri Ravi A Robert Jerard will not be entitled to any additional remuneration during the period of holding additional charge.
• The approval is authorised under DoP&T (ACC) communication No. 24/01/2019 – EO (ACC) dated May 06, 2026.

The disclosure was signed by Ratan Mani Sumit, Company Secretary of MTNL, and filed with both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026.