COMPLIANCE WITH SEBI MASTER CIRCULAR NO. SEBI/ HO/CFD/PoD2/CIR/P/2023/120 dtd. July 11, 2023 DISCLOSURES BY LISTED ENTITIES OF DEFAULTS ON PAYMENT OF INTEREST REPAYMENT OF PRINCIPAL AMOUNT ON LOANS FROM BANKS / FINANCIAL INSTITUTIONS AND UNLISTED DEBT SECURITIES FOR THE QUARTER ENDED 31.03.2026
MTNL · price
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MTNL has disclosed significant defaults on its bank loans under SEBI's mandatory disclosure norms. The company has defaulted on Rs 3614 crore (Rs 2146 crore principal repayment and Rs 1468 crore interest payment) out of total outstanding bank loans of Rs 9263 crore as of March 31, 2026. MTNL's total financial indebtedness stands at Rs 36314 crore, comprising bank loans of Rs 9263 crore, State Government (SG) Bonds of Rs 24071 crore, and a loan from Department of Telecom (DoT) of Rs 2980 crore for paying SG Bond interest. No defaults were reported on unlisted debt securities (NCDs and NCRPS).
This filing reveals MTNL is in severe financial distress with substantial loan defaults. Shareholders should note the company carries massive debt obligations and has already defaulted on a significant portion, which raises serious concerns about debt servicing capability and potential impact on stock valuation.