General Updates

MAHANAGAR TELEPHONE NIGAM LIMITED (A GOVERNMENT OF INDIA ENTERPRISE) CIN L32101DL1986GOI023501 Registered and Corporate Office: Mahanagar Doorsanchar Sadan 5th Floor, 9 CGO Complex, Lodhi Road, New Delhi - 110 003. Tel: 011-24319020, Fax: 011-24324243, Website: www.mtnl.in, Email: mtnlcsco@gmail.com MTNL/SECTT/SE/2026 August 26, 2026 To, To, BSE Limited, National Stock Exchange of India Limited (NSE) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Mumbai – 400 001. Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 500108 Scrip Symbol: MTNL SUB: COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - DISCLOSURE OF EVENTS OR INFORMATION – DISCLOSURE OF IMPOSITION OF FINES OR PENALTY - reg Dear Sir, In compliance of Regulation 30 & 51 of SEBI (LODR) Regulations, 2015 and in terms of Sub-Para 20 of Para A of Part A of Schedule III, this is to inform you that MTNL has received Email/Letter No. Ref.: SOP-CReview/ QTR-Jun-26 dated 25.08.2026 from BSE regarding Non-Compliance with the provisions of Regulation 17(1), 17(2A), 18(1), 19(1)/19(2), 20(2)/(2A) and 21(2) of SEBI (LODR) Regulations, 2015 respectively. In this regard BSE has imposed fines on MTNL amounting to Rs. 12,66,140 /- (inclusive of Basic fines amounting to Rs. 10,73,000/- and GST @18% amounting to Rs. 1,93,140/-) respectively. It is to be informed you that MTNL is a Public Sector Undertaking. All appointments including Independent Directors on the Board are made by the Administrative Ministry i.e. Department of Telecommunications (DoT), Ministry of Communications, Government of India. The matter for appointment of Six Independent Directors has already been taken up with the Government of India. The Company is also requesting BSE for waiver of fines. Details pursuant to Sub-Para 20 of Para A of Part A of Schedule III is attached herewith. Kindly take the same on record. Thanking You Yours Faithfully (RATAN MANI SUMIT) COMPANY SECRETARY DETAILS OF IMPOSITION OF FINE OR PENALTY DURING THE QUARTER IN TERMS OF SUB -PARA 20 OF PARA A OF PART A OF SCHEDULE III ARE GIVEN BELOW:- Sl. Name Nature and Date of receipt Details of the Impact on financial, operation or other of the details of of direction or violation(s)/con activities of the listed entity, quantifiable in Authori the order, including travention(s) monetary terms to the extent possible ty action(s) any ad-interim committed or taken, or interim alleged to be initiated or orders, or any committed order(s) other passed communication from the authority 1. BSE FINES BSE Letter/Email Non- Total Fines Rs. 12,66,140 /- (inclusive of Basic dated Compliance fines amounting to Rs. 10,73,000/- and GST 25.08.2026 with the @18% amounting to Rs. 1,93,140/-). provisions of Further, there is no material impact on the Regulation Financial, operation or other activities of 17(1), 17(2A), MTNL. MTNL is also requesting BSE for 18(1), waiver of fines as All appointments including 19(1)/19(2), Independent Directors on the Board are 20(2)/(2A) and made by the Administrative Ministry i.e. 21(2) of SEBI Department of Telecommunications (DoT), (LODR) Ministry of Communications, Government of Regulations, India. 2015. (RATAN MANI SUMIT) COMPANY SECRETARY COMPANY SECRETARY MTNL CORPORATE OFFICE <mtnlcsco@gmail.com> 500108-Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non- Compliance) bse.soplodr <bse.soplodr@bseindia.com> Tue, Aug 25, 2026 at 6:55 PM To: "mtnligrc@bol.net.in" <mtnligrc@bol.net.in>, "mtnlcsco@gmail.com" <mtnlcsco@gmail.com> Cc: "bse.soplodr" <bse.soplodr@bseindia.com> Ref.: SOP-CReview/ QTR-Jun-26 The Company Secretary/Compliance Officer Company Name: Mahanagar Telephone Nigam Ltd Scrip Code: 500108 Dear Sir/Madam, Sub: Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance). The company is advised to refer to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 issued by Securities and Exchange Board of India (SEBI) with respect to penal actions prescribed for non-compliance of certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities. The Exchange had also issued a guidance note regarding the provisions of the said SEBI circular which is disseminated on the Exchange website at the following link: https://www.bseindia.com/downloads1/Guidance_Note_for_SEBI_SOP_Circular.pdf In this regard it is observed that the company is non-compliant/late compliant with the following Regulations for the period mentioned below: Applicable Regulation Fine Fines levied till the Fine payable by the company as on August 25,2026 of SEBI (LODR) prescribed quarter ended Regulations, 2015 (inclusive of GST @ 18 %) Basic Fine GST @ 18 Total Fine % payable Regulation 17(1) Rs. 5,000 June 2026 455000 81900 536900 per day Non-compliance with the requirements pertaining to the composition of the Board including failure to appoint woman director Regulation 17(1A) Rs. 2,000 June 2026 0 0 0 per day Non-compliance with the requirements pertaining to appointment or continuation of Non- executive director who has attained the age of seventy-five years Regulation 17(2) Rs. 10,000 June 2026 0 0 0 per instance Non-compliance with the requirements pertaining to the number of Board meetings Regulation 17(2A) Rs. 10,000 June 2026 10000 1800 11800 per instance Non-compliance with the requirements pertaining to quorum of Board meetings. Regulation 18(1) Rs. 2,000 June 2026 152000 27360 179360 per day Non-compliance with the constitution of audit committee Regulation 19(1)/ 19(2) Rs. 2,000 June 2026 152000 27360 179360 per day Non-compliance with the constitution of nomination and remuneration committee Regulation 20(2)/(2A) Rs. 2,000/- June 2026 152000 27360 179360 per day Non-compliance with the constitution of stakeholder relationship committee Regulation 21(2) Rs. 2,000/- June 2026 152000 27360 179360 per day Non-compliance with the Constitution of risk management committee Regulation 27(2) *Rs. 2,000/- June 2026 0 0 0 per day Non-submission of the (-) Corporate governance compliance report within the period provided under this regulation Total 1073000 193140 1266140 (*) As per the provisions of the circular the fines will continue to be computed further till the time of rectification of the non-compliance to the satisfaction of the Exchange or till the scrip of the listed entity is suspended from trading for non- compliance with aforesaid provisions. The Company is therefore advised to note that as per the provisions of this circular: · The company is required to ensure compliance with above regulation and ensure to pay the aforesaid fines including GST within 15 days from the date of this letter/email, failing which Exchange shall, pursuant to the provisions of the aforesaid circular, initiate action related to freezing of the entire shareholding of the promoter in this entity as well as all other securities held in the demat account of the promoter. · Further in the event of this being the second consecutive quarter of non-compliance for the Regulation 17(1), 18(1), 27(2) would result in the company being transferred to Z group and liable for suspension of trading of its equity shares. · The company is also advised to ensure that the subject matter of non-compliance which has been identified and indicated by the Exchange and any subsequent action taken by the Exchange in this regard shall be placed before the Board of Directors of the company in its next meeting. Comments made by the board shall be duly informed to the Exchange for d [Showing first 8,000 characters — download PDF for full document]