COMPLIANCE OF REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015- INTIMATION REGARDING SUBMISSION OF APPLICATION TO REGISTRAR OF COMPANIES (ROC) DELHI FOR EXTENSION OF TIME FOR HOLDING 39TH ANNUAL GENERAL MEETING (AGM) OF MTNL FOR THE FY 2024-25
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Awaiting price reaction for this filing.
MTNL has informed the stock exchanges that it has applied to the Registrar of Companies (ROC) in Delhi seeking an extension of time to hold its 39th Annual General Meeting (AGM) for the financial year 2024-25. Under the Companies Act, companies are required to hold their AGM within six months from the end of the financial year, i.e., by September 30, 2025. This filing indicates MTNL is unable to meet this statutory deadline and is seeking regulatory approval for the delay. The reason for the extension has not been disclosed in this particular filing.
AGM extensions can be a minor negative signal for shareholders, often indicating delays in finalization of audited financial results or operational/logistical challenges. MTNL's status as a government PSU under financial stress makes this worth monitoring, though extensions are sometimes granted routinely.