NSEGeneral Updates3d ago · 27 Aug 2026, 11:24 am

General Updates

Mahanagar Telephone Nigam Limited · MTNL

✦ AI SummaryRegulatory

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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Governance Concern2/10
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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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MTNL_27082026112322_SD_SE_NSE_27082026.pdf

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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 [Showing first 8,000 characters — download PDF for full document]