Mahanagar Telephone Nigam Limited — Important, 14-08-2025: General Updates

MTNL reports insufficient funds to make its upcoming semi-annual interest payment for its Series VIID bonds, unable to fund the required escrow account. Investors should note these bonds are Sovereign Guaranteed by the Government of India. In case of MTNL's default, the Government of India is obliged to cover the payment as per existing Tripartite Agreements. This provides a crucial safety net for bondholders despite MTNL's current liquidity challenge.