MTNL : RECEIVES FINE NOTICE FROM NSE AMOUTNING TO RS 12.66 LAKH

• MTNL received a notice from NSE imposing a fine of ₹12,66,140. • The fine is for non-compliance with SEBI (LODR) Regulations, 2015, specifically concerning regulations related to board composition and disclosures. • MTNL has requested a waiver for these fines from the NSE, citing that all appointments, including independent directors, are made by the Department of Telecommunications. Impact: Neutral (Procedural fine with waiver request, no material impact on operations stated)

Mahanagar Telephone Nigam Limited

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