Mahanagar Telephone Nigam Limited (MTNL) has informed stock exchanges about a default in servicing certain bank borrowings. In a regulatory disclosure, the company reported that it has been unable to meet scheduled payments of principal instalments and interest to multiple lenders.
The update has been made in accordance with the SEBI Listing Obligations and Disclosure Requirements regulations and provides details of the outstanding dues and financial obligations.
MTNL issued a disclosure to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing relates to an update on the company’s default in servicing certain bank borrowings.
The disclosure was made on February 28, 2026, and includes information on outstanding principal and overdue interest payments to several lending institutions.
The company stated that the payment default involves multiple public sector banks. The lenders mentioned in the disclosure include:
These institutions have extended credit facilities to the company as part of its borrowing arrangements.
According to the disclosure, the total default amount related to bank borrowings stands at approximately ₹9,187.73 crore.
This includes:
The data also indicates overdue principal components in certain accounts where repayment obligations have not been met as per schedule.
The filing also provides the timeline when the loan accounts with the respective banks were classified as non-performing assets (NPAs). These dates range from August 2024 to February 2025, depending on the lender.
Union Bank of India was among the earliest lenders to classify the account as NPA in August 2024, while the loan from Indian Overseas Bank was reported to have turned NPA in February 2025.
MTNL stated that its total outstanding borrowing from banks and financial institutions amounts to approximately ₹9,188 crore.
In addition to bank loans, the company’s overall financial indebtedness includes:
Including these obligations, the company’s total financial debt stands at approximately ₹36,216 crore, covering both short-term and long-term liabilities.
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The disclosure provides an update on MTNL’s outstanding loan obligations and the status of repayments to several banks. Such filings are part of the regulatory requirements for listed companies to inform investors and market participants about material financial developments and liabilities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 16, 2026, 3:02 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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