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

Mahanagar Telephone Nigam has redeemed 22689 nos. 8.29% unsecured Govt of India guaranteed redeemable non-convertible bonds in nature of debentures having face value of Rs 10 lakh each on 28 November 2024. Powered by Capital Market - Live News

Net Loss of Mahanagar Telephone Nigam reported to Rs 890.28 crore in the quarter ended September 2024 as against net loss of Rs 792.82 crore during the previous quarter ended September 2023. Sales declined 11.93% to Rs 174.23 crore in the quarter ended September 2024 as against Rs 197.83 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales174.23197.83 -12 OPM %-68.47-67.09 - PBDT-735.72-622.73 -18 PBT-890.28-792.82 -12 NP-890.28-792.82 -12 Powered by Capital Market - Live News

Mahanagar Telephone Nigam has informed that Shri Sarv Daman Bharat, Ms. Deepika Mahajan, Shri Yogesh Kumar Tamrakar, and Shri Vishwas Pathak, Independent Directors of the Company w.e.f. 1 November 2024.Powered by Capital Market - Live News