Mahanagar Telephone Nigam Limited (MTNL) informed the exchanges on August 10, 2026, that a Bombay High Court order has permitted claimants to withdraw ₹20,53,94,364 deposited by the company towards compensation. The disclosure was made through a BSE filing under Regulations 30 and 51 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The MTNL Bombay High Court order, dated August 7, 2026, concerns connected matters relating to Land Acquisition Reference No. 4 of 1999. The proceedings involve MTNL's property situated at Pahadi, Goregaon (East), Mumbai.

Court sets three-week timeline for balance interest

According to the filing, MTNL had deposited ₹20,53,94,364 as the acquiring body towards compensation. The High Court of Judicature at Bombay has now permitted the claimants to withdraw this deposited amount.

The court also observed that the balance amount towards interest remains payable in addition to the compensation deposit. MTNL said this balance interest is required to be paid within three weeks from the date of the order. The filing did not specify the amount of interest payable.

  • The matter relates to Land Acquisition Reference No. 4 of 1999.
  • The property is located at Pahadi, Goregaon (East), Mumbai.
  • Claimants have been permitted to withdraw the compensation amount deposited by MTNL.
  • The balance interest must be paid within three weeks of the August 7 order.

Withdrawal remains subject to appeal outcome

MTNL clarified that the amount paid and withdrawn will remain subject to the final outcome of the appeal preferred by the company in its capacity as the acquiring body. The court's permission to withdraw the deposited compensation therefore does not determine the final result of that appeal.

The government-owned telecom company said it is taking appropriate steps in the matter. It also stated that further disclosures will be made as required under the applicable provisions of the SEBI (LODR) Regulations, 2015.

The communication was addressed to BSE Limited and the National Stock Exchange of India. MTNL is listed under BSE scrip code 500108 and trades on the NSE under the symbol MTNL.

Source: BSE corporate announcement.