MTNL Fails to Fund 7th Semi-Annual Bond Interest

MTNL discloses its inability to fund the 7th semi-annual interest payment for its 8.00% Bond Series VII A due to insufficient funds.
The interest payment was due on May 15, 2026, and required funding into an escrow account 10 days prior as per a tripartite agreement.
All MTNL bonds carry a sovereign guarantee from the Government of India, which can be invoked by the debenture trustee in case of default.