COMPLIANCE WITH SEBI MASTER CIRCULAR NO. SEBI/ HO/CFD/PoD2/CIR/P/2023/120dtd. July 11, 2023 DISCLOSURES BY LISTED ENTITIES OF DEFAULTS ON PAYMENT OF INTEREST/ REPAYMENT OF PRINCIPAL AMOUNT ON LOANS FROM BANKS / FINANCIAL INSTITUTIONS ANDUNLISTED DEBT SECURITIES FOR THE QUARTER ENDED 30.06.2025
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.6 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MTNL has disclosed defaults on its bank loans and financial facilities as of June 30, 2025. The company has a total bank loan outstanding of Rs 8,585 crore, of which Rs 2,659 crore is in default — comprising Rs 1,869 crore of unpaid principal and Rs 790 crore of unpaid interest. This means roughly 31% of its bank borrowings are in default. The company has no outstanding unlisted debt securities (NCDs/NCRPS). Its total financial indebtedness stands at Rs 34,484 crore, which includes bank loans of Rs 8,585 crore, sovereign guarantee (SG) bonds of Rs 24,071 crore, and a Rs 1,828 crore loan taken for paying SG bond interest on behalf of DoT.
This is a significant negative disclosure — MTNL has defaulted on nearly one-third of its bank loan obligations, signalling deep financial distress. Shareholders should expect possible loan NPA classification by lenders, further credit pressure, and elevated going-concern risks. The stock may face continued selling pressure given the worsening debt picture.