Mahanagar Telephone Nigam Limited — Important, 05-05-2025: General Updates

MTNL has announced a board meeting on the pending payment of the 5th semi-annual interest for its 8.00% Bond Series VII A, citing insufficient funds for the transfer. The company’s liquidity stress continues, with potential government intervention expected to ensure debt servicing due to the sovereign guarantee on these bonds. This underscores ongoing financial strain and reliance on state support.