MTNL Defaults on 5th Semi-Annual Bond Interest Payment

MTNL failed to fund the escrow account for its 7.80% Bond Series VIII-C semi-annual interest payment due May 7, 2026.
The default occurred due to insufficient funds, despite a structured payment mechanism requiring funding 10 days prior.
All MTNL bonds carry a sovereign guarantee from the Government of India, which will be invoked to cover the default.
This is a disclosure under SEBI LODR Regulation 30, confirming a payment default on a listed bond instrument.