Mahanagar Telephone Nigam Limited — Important, 11-06-2025: General Updates

Mahanagar Telephone Nigam Limited has announced a board meeting on the financial results for the quarter and half-year. The company missed its 9th semi-annual interest payment on its 6.85% Bond Series VI due to insufficient funds. These bonds have a sovereign guarantee from the Government of India, which will be activated if MTNL defaults. This underscores persistent cash flow issues despite government support.