NSEGeneral Updates3d ago · 27 Aug 2026, 11:24 am
General Updates
Mahanagar Telephone Nigam Limited · MTNL
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Mahanagar Telephone Nigam Limited (MTNL) has received a notice from the National Stock Exchange (NSE) regarding non-compliance with SEBI (LODR) Regulations, 2015. MTNL has been imposed a fine of Rs. 12,66,140, inclusive of basic fines and GST. The company has requested NSE for waiver of fines.
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Full Announcement
COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - DISCLOSURE OF EVENTS OR INFORMATION DISCLOSURE OF IMPOSITION OF FINES OR PENALTY
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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 27, 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.: NSE/LIST-
SOP/COMB/FINES/0954 dated 25.08.2026 from NSE 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 on 27.08.2026.
In this regard NSE 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 NSE 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. NSE FINES NSE Non- Total Fines Rs. 12,66,140 /- (inclusive of Basic
Letter/Email Compliance fines amounting to Rs. 10,73,000/- and GST
dated with the @18% amounting to Rs. 1,93,140/-).
25.08.2026 provisions of Further, there is no material impact on the
received on Regulation Financial, operation or other activities of
27.08.2026 17(1), 17(2A), MTNL. MTNL is also requesting NSE 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
NSE/LIST-SOP/COMB/FINES/0954 August 25, 2026
The Company Secretary
Mahanagar Telephone Nigam Limited
Dear Sir/Madam,
Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“Listing Regulations”)
Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
(“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred
to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension
of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange
records, it has been observed that your Company has not complied/delayed complied with certain
Listing Regulation(s). The details of non-compliance(s)/delayed compliance(s), total fine payable by
your Company and the particulars about manner in which fine should be remitted to the Exchange is
enclosed as Annexure.
You are requested to ensure compliance with respective regulation(s) and make the payment of fines
within 15 days from the date of this notice.
The Company upon receipt of this review notice, may file the waiver request. Below are the parameters
for filing the application for waiver:
a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver
application on the below mentioned path:
NEAPS>>Compliance>>Fine Waiver>>Waiver Request.
b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek
personal hearing before the concerned Committee.
c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of
the non-complied Companies will not be processed without achieving the compliance.
d) In case the Company is non-compliant under multiple regulations, the Company is advised to file
a single application mentioning the details of all the respective regulations and quarters for which
the Company intends to apply for waiver.
e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to
the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines)
only if the fine amount is more than Rs. 5,000/- exclusive of GST.
This Document is Digitally Signed by
Sonam Yadav
Tue, Aug 25, 2026 21:11:34 IST
However, before filing an application for waiver of fines, you are requested to refer to the below
policy available on the Exchange’s website. For ready reference you may refer below link:
Policy on processing of waiver application:
https://nsearchives.nseindia.com//web/circular/2026-
01/Policy_for_waiver_of_fines_Final1_20260113193131.pdf
Further, as per Master Circular, your Company is also required to ensure that the said non-compliance
which has been identified by the Exchange and subsequent action taken by the Exchange in this regard
shall be placed before the Board in the next Board Meeting and comments made by the Board shall be
duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for
dissemination having the announcement text as 'Board comments on fine levied by the Exchange'.
Path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA (Subject: Updates)
In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below
mentioned Exchange Officers from Listing Compliance Department:
Ms. Komal Singh
Ms. Madhu Kadam
Ms. Chanchal Daga (Waiver request)
Ms. Neha Salvi (Waiver request)
Yours faithfully,
For National Stock Exchange of India Limited
Sonam Yadav
Manager
This Document is Digitally Signed by
Sonam Yadav
Tue, Aug 25, 2026 21:11:34 IST
Annexure
Fine amount per day No. of days of non- Fine
Regulation Quarter (Rs.) / Fine amount per compliance / No. of amount
instance (Rs.) instance(s) (Rs.)
REGULATION 30-Jun-
5000 91 455000
17(1) 2026
REGULATION 30-Jun-
2000 76 152000
18(1) 2026
REGULATION 30-Jun-
2000 76 152000
19(1)/19(2) 2026
REGULATION 30-Jun-
2000 76 152000
20(2)/(2A) 2026
REGULATION 30-Jun-
2000 76 152000
21(2) 2026
REGULATION 30-Jun-
10000 1 10000
17(2A) 2026
Total Fine 1073000
GST @18% 193140
Total Fine Payable (Inclusive of GST) 1266140*
* In case the Company is non-compliant as on the date of this letter then fine amount will keep on
increasing every day till the date compliance is achieved.
Notes:
• If the fine amount is paid before receipt of this letter then inform the Exchange
accordingly.
• Please update the payment details on below mentioned path: NEAPS > Payment > SOP Fine
Payment.
• The above payment may be made vide RTGS / NEFT / Net Banking favouring 'National Stock
Exchange of India Limited'. The bank details
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