Clarification sought from Mahanagar Telephone Nigam Ltd
The Exchange has sought clarification from Mahanagar Telephone Nigam Ltd on June 23, 2016, with reference to new article in Financial Express stating "MTNL to submit revival plan to DoT by August".The reply is awaited. MTNL to submit revival plan to DoT by August
"We are in advanced stages of finalising the report on the revival plan for MTNL and will submit it to the DoT by August," MTNL CMD P K Purwar said.
P.K. Purwar back as MTNL CMD with additional charge
Narendra Kumar Yadav relinquished the top post on completion of his tenure Change in Directorate
Mahanagar Telephone Nigam Ltd has informed BSE that the following changes have taken place on the Board of the Company :1. Shri Narendra Kumar Yadav has relinquished the charge of CMD, of the Company, w.e.f. June 08, 2016.2. Shri P. K. Purwar, Director (Fin.), MTNL has been entrusted with the additional charge of the post of CMD, of the Company in place of Shri N. K. Yadav w.e.f. June 08, 2016. Shyamal Majumdar: MTNL in a bottomless pit
The severe financial problems have hurt MTNL where it matters the most MTNL aims to be profitable by 2017-18
"We expect to be operationally profitable in 2016-17 and completely profitable in 2017-18," MTNL Chairman and Managing Director Narendra Kumar Yadav said. Statement on Impact of Audit Qualifications
Mahanagar Telephone Nigam Ltd has submitted to BSE a copy of :-1. MTNL Audit Qualifications on Standalone and Consolidated Financial Statements of 2015-16;2. Statement on Impact of Audit Qualifications (for audit report with modified opinion) - Standalone and Consolidated.
MTNL posts net profit of Rs 174.58 crore for January-March
The consolidated net loss of MTNL too narrowed to Rs 2012.24 crore for year ended March 31, 2016 from Rs 2901.16 crore at the end of March 2015. Disclosure as per Regulation 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mahanagar Telephone Nigam Ltd has informed BSE that Disclosure as per Regulation 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.