Mahanagar Telephone Nigam announced that Piyush Ranjan Nishad (DIN:09579746), Independent Director of the Company ceases to be an Independent Director of the Company on completion of his tenure w.e.f. 23 March 2025. Powered by Capital Market - Live News

Mahanagar Telephone Nigam announced that India Ratings and Research has maintained its rating of IND AAA (CE) and Rating Watch with Negative Implications on the company`s non-convertible debentures (NCDs). Powered by Capital Market - Live News

Net Loss of Mahanagar Telephone Nigam reported to Rs 836.07 crore in the quarter ended December 2024 as against net loss of Rs 839.03 crore during the previous quarter ended December 2023. Sales declined 11.53% to Rs 170.07 crore in the quarter ended December 2024 as against Rs 192.24 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales170.07192.24 -12 OPM %-75.31-65.38 - PBDT-686.20-672.73 -2 PBT-836.07-839.03 0 NP-836.07-839.03 0 Powered by Capital Market - Live News

Mahanagar Telephone Nigam will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live News

The board of directors of Mahanagar Telephone Nigam on 23 December 2024 has approved the proposal of reduction in employee cost of the company by offering voluntary retirement scheme (VRS) substantially on Gujarat model (with reduced ceiling of Ex-Gratia) to the employees (both executives and non-executives) of age 45 years and above, so as to make the organization lean and also reduce the staff costs. Powered by Capital Market - Live News