Announced Mon, 14 Sept, 2026 · 16:45 IST
MTNL defaults on bank loan payments, overdue principal crosses Rs 7,794 crore
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹24.78
prior close
₹24.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2-0.1-0.4-3.4-4.1-4.9-4.8-4.6-3.8-4.9———
Up moveDown movePending
AI summary
MTNL disclosed defaults on principal and interest payments to 7 banks as of Aug 31, 2026. Outstanding bank loans total Rs 9,654 crore, with overdue principal of Rs 7,794 crore and overdue interest of Rs 1,860 crore. Defaults began Aug 2024 with Union Bank of India, latest being Indian Overseas Bank in Feb 2025. Total company debt stands at Rs 37,475 crore including sovereign guarantee bonds.
Likely market impact
Repeated monthly defaults highlight deep financial stress, may trigger lender recovery action and weigh on share price.