COMPLIANCE WITH REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 & SEBI CIRCULAR NO SEBI/HO/CFD/CMD1/CIR/P/2019/140 DATED 21.11.2019 INTIMATION OF DEFAULT IN THE PAYMENT OF PRINCIPAL (INSTALMENT) & INTEREST OF BANKS BY MTNL AS ON 28.02.2026
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MTNL, a Government of India telecom enterprise, has reported ongoing defaults in paying principal instalments and interest to seven banks — Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank. The total outstanding bank loan is about Rs 9,188 crore, of which roughly Rs 7,794 crore in principal and Rs 1,393 crore in interest are overdue. Each of these loans was already classified as a non-performing asset (NPA) by the banks between August 2024 and February 2025. MTNL's total financial debt stands at around Rs 36,216 crore, including Rs 24,071 crore in sovereign guarantee bonds and Rs 2,957 crore in DoT loans. This filing is part of a recurring monthly disclosure, showing the default has not been resolved.
This is a strongly negative signal for shareholders — it confirms MTNL remains in serious financial distress with banks having already classified its loans as NPAs, raising concerns about debt resolution, further financial support from the government, and long-term solvency.