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 30.04.2026
MTNL · price
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MTNL has disclosed default in payment of principal and interest to 7 banks amounting to Rs 9,339.68 crore as of April 30, 2026. The banks have classified these loans as Non-Performing Assets (NPA) between August 2024 and February 2025. Outstanding principal overdue stands at Rs 7,794.34 crore while interest overdue is Rs 1,545.34 crore. Banks affected include Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. Total financial indebtedness of the company including bank loans (Rs 9,340 crore), SG bonds (Rs 24,071 crore), and DoT loan (Rs 3,134 crore) stands at Rs 36,545 crore.
This is a severely negative development indicating MTNL is in serious financial distress with loans classified as NPA by multiple lenders. The large quantum of default (Rs 9,340 crore) and total debt burden of Rs 36,545 crore signals high credit risk and potential restructuring or bailout needs.