COMPLIANCE WITH REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 07TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK OF INDIA WRT MTNL BOND SERIES VII B (INE153A08113)
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MTNL, a Government of India enterprise, has completed funding of the designated escrow account maintained in Bank of India for the payment of the 7th semi-annual interest on its 7.87% MTNL Bond Series VII B (INE153A08113). The interest payment of Rs. 41.85 crore (approximately, based on standard bond terms) is due on June 1, 2026, and the funding was completed on May 27, 2026 - three days ahead of the due date. This is a routine compliance filing under SEBI (LODR) Regulations, confirming that the bond issuer has arranged funds for timely interest payment to bondholders. MTNL continues to meet its debt servicing obligations as a listed entity.
This filing is neutral for equity shareholders but positive for bondholders, confirming MTNL is servicing its debt on schedule. It demonstrates the company's ability to meet financial obligations and maintain regulatory compliance, which is essential for a loss-making PSU.