Mahanagar Telephone Nigam : EXTRACT OF ANNUAL RETURN MGT 9 OF MTNL FOR FY 2022-23

37th Annual Report 2022-23

ANNEXURE V TO DIRECTORS' REPORT

FORM NO. MGT-9

EXTRACT OF ANNUAL RETURN

As on the Financial Year ended on 31st March, 2023

[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]

REGISTRATION AND OTHER DETAILS:

CIN: - L32101DL1986GOI023501

Registration Date:- 28th February, 1986

Name of the Company: -Mahanagar Telephone Nigam Limited

Category/ Sub-Category of the Company: - Government of India Enterprises

Address of the Registered office and contacts details: -MahanagarDoorsanchar Sadan, 5th

Floor, 9, CGO Complex, Lodhi Road, New Delhi-110003, Tel:- 011-24319020, Fax [phone]

Whether listed company Yes / No: - Yes

Name, Address and Contact details of Registrar and Transfer Agent, If any: - M/s Beetal Financial and Computer Services (Pvt) Ltd., 3rd Floor, Beetal House, 99, Madangir, Behind Local Shopping Centre, Near Dada Harsukhdas Mandir, New Delhi-110062, Ph:011-29961281-82, Fax:[phone], Email ID: [e-mail], [e-mail], website: www.beetalfinancial.com .

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business contributing 10% or more of the total turnover of the company shall be stated: -

S.No.	Name and Description of the main	NIC Code of the		% to total turnover
products/ services		Product/services			of the company
	1	Telecommunication Service		611&612		100%
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -
S.	Name and Address of the				Holding /		% of	Applicable
	CIN/GIN	Subsidiary/	Shares
No			Company				Associate		Held	Section
1		Mahanagar Telephone	N.A.			Wholly		100%	2 (87)
		Mauritius Limited (MTML)				Owned
		MTML Square, 63, Cyber				Overseas
		City, Ebene City, Mauritius				Subsidiary
2		Millennium Telecom Ltd.	U64200DL2000GOI333459	Wholly		100%	2 (87)
		(MTL)				Owned
		Room No. 4208, 4thFloor				Indian
		Mahanagar Doorsanchar				Subsidiary
		Sadan, 9 CGO Complex,
		Lodhi Road, New Delhi-
		110003.

46

37th Annual Report 2022-23

3	MTNL STPI IT Services	U72901DL2006PLC148310	Joint	50%	2(6)
	Ltd. (MSITS), Mahanagar		Venture
	Doorsanchar Sadan, 5th
	Floor, 9, CGO Complex,
	LodhiRoad, New
	Delhi-110003
4	United Telecommunications	N.A.	Associate	26.68%	2(6)
	Ltd. (UTL) Triveni
	Complex, Putali Sadak,
	Kathmandu.

SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

Category of Share-	No. of Shares held at the Beginning of the Year	No. of Shares held at the end of the Year i.e.	% Change
	i.e. 01/04/2022			31/03/2023		during
holders	Demat	Physical	Total	% of Total	Demat	Physical	Total	% of Total
the Year
				Shares				Shares
A) Promoters
(1) Indian
a) Individual/HUF	0	0	0	0.00	0		0	0.00	0
b) Central govt/	354378740	0	354378740	56.25	354378740	0	354378740	56.25	0
State Govt(s)
Bodies Corp.	0	0	0	0.00	0	0	0	0.00	0
d) Banks/FI	0	0	0	0.00	0	0	0	0.00	0
e) Any Other	0	0	0	0.00	0	0	0	0.00	0
Sub-Total (A) (1):-	354378740	0	354378740	56.25	354378740	0	354378740	56.25	0
(2) Foreign
a) NRIs- Individ-	0	0	0	0.00	0	0	0	0.00	0
uals
b) Bodies Corp.	0	0	0	0.00	0	0	0	0.00	0
c) Bank/FI	0	0	0	0.00	0	0	0	0.00	0
d) Any Other	0	0	0	0.00	0	0	0	0.00	0
Sub-Total (A) (2):-	0	0	0	0.00	0	0	0	0.00	0
Total Sharehold-
ing of Promoter	354378740	0	354378740	56.25	354378740	0	354378740	56.25	0
(A)=(A)(1)+(A)(2)
B. Public Share-
holding
1. Institutions
a) Mutual Funds	100	4400	4500	0.00	100	4400	4500	0.00	-0
b) Banks/FI/ Insur-	86647076	2200	86649276	13.75	86647076	2200	86649276	13.75	0
ance Companies
c) Central Govt/	2500	0	2500	0.00	3500	0	3500	0.00	-0
State Govt.
e) Venture Capital	0	0	0	0.00	0	0	0	0.00	0
Funds
f) Foreign Fin Inst./
Banks/ Foreign	2283326	600	2283926	0.33	2954255	0	2954255	0.33	0
Portfolio Investors
g) Foreign Venture	0	0	0	0.00	0	0	0	0.00	0
Capital Funds
h) Others(Specify)	0	0	0	0.00	0	0	0	0.00	0
(i)Stressed Asset	0	0	0	0.00	0	0	0	0.00	0
Sub-Total (B)(1):-	88933002	7200	88940202	14.08	89604931	6600	89611531	14.08	-0

47

37th Annual Report 2022-23

Category of Share-	No. of Shares held at the Beginning of the Year	No. of Shares held at the end of the Year i.e.	% Change
	i.e. 01/04/2022			31/03/2023		during
holders	Demat	Physical	Total	% of Total	Demat	Physical	Total	% of Total
the Year
				Shares				Shares
2. Non Institutions
a) Bodies Corp. (In-	7273320	6000	7279320	1.16	6690519	6000	6696519	1.06	-0.09
dian & Overseas)
b) Individuals
(i) Individual
Shareholders
holding nominal	100295367	60502	100355869	15.93	98835073	50735	98885808	15.70	-0.23
Share Capital Upto
Rs. 2 lakh
(ii) Individual
Shareholders hold-
ing nominal Share	59373560	0	59373560	9.42	61403326	49517	61452843	9.75	0.33
Capital in excess of
Rs. 2 lakh
c) Others (Specify)
Trusts	468990	0	468990	0.07	442980	0	442980	0.07	-0
Foreign Nationals	0	0	0	0.00	0	0	0	0.00	0
NRI & Foreign	2111875	0	2111875	0.34	1791595	600	1792195	0.28	-0.05
Corporate Bodies
c-ii) Clearing Mem-	1119569	0	1119569	0.18	979906	0	979906	0.16	-0.02
bers
HUF	8932481	0	8932481	1.42	9495202	0	9495202	1.51	0.089
Sub-Total (B)(2):-	179575162	66502	179641664	28.51	179638601	106852	179745453	28.53	0.016
Total Public
Shareholding	268508164	73702	268581866	42.60	269243532	113452	269356984	42.61	0.015
(B)=(B)(1)+(B)(2)
C. Shares held
by Custodian for	7039394	0	7039394	1.12	6264276	0	6264276	0.99	-0.12
GDRs & ADRs
Grand Total	629926298	73702	630000000	100.00	629886548	113452	630000000	100.00	0
(A+B+C)

CATEGORY-WISE SHAREHOLDING

1. SHAREHOLDING OF PROMOTERS DURING F.Y. 2022-23

		Shareholding at the beginning of the year	Shareholding at the end of the year
			as on 01.04.2022	as on 31.03.2023	% Change in
					% of Shares		% of total	% of
	Shareholder's					shareholding
S NO.			% of total	Pledged/		Pledged/
Name				shares	during the
	No. of shares	shares of the	No. of shares	encumbered
	encumbered
				company		of the	to total	year
				to total shares		company
						shares
1.	PRESIDENT OF	354378740		56.25	Nil	354378740	56.25	Nil	Nil
INDIA
	Total	354378740		56.25	Nil	354378740	56.25	Nil	Nil

1. CHANGE IN PROMOTERS' SHAREHOLDING DURING THE F.Y. 2022-23 (PLEASE SPECIFY, IF THERE IS NO CHANGE)

		Shareholding at the	Cumulative Shareholding during the year
		Beginning of the year as on
			(2022-23)
S NO.			01.04.2022
		No. of Shares	% of total shares	No. of shares		% of total shares of
		of the company		the company
	At the beginning of the year (as	354378740		56.25	354378740		56.25
	on 01.04.2022)

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37th Annual Report 2022-23

Date	wise Increase/	Decrease
in	Promoters Shareholding
during the year specifying the	N.A.	___	N.A.	___
reason for increase/	decrease
(e.g. allotment/ transfer/ bonus/
sweat equity etc):
At the end of the year (as on	354378740	56.25	354378740	56.25
31.03.2023)

• There is no change in the Total Shareholding of Promoters i.e. President of India between
  01.04.2022 and 31.03.2023 (during F.Y. 2022-23).

1. Shareholding Pattern of Top Ten Shareholders (other than Directors, Promoters and
   Holders of GDRs and ADRs) as on 31.03.2023:

		Shareholding at the beginning of the year as on 01.04.2022	Cumulative Shareholding
		during the year (2022-23)
		No. of
S.	NAME	Shares at the			Increase			% of total
beginning	% of total
NO.		/Decrease			shares
	of the year	shares of the	DATE	Reason	No. of shares
		in	of the
		(01.04.2022)	Company
			shareholding			company
		end of the year
		(31.03.2022)
1	LIFE INSURANCE	82659957	13.1206	31-Mar-22		NIL	82659957	13.1206
	CORPORATION
	OF INDIA	82659957	13.1206	31-Mar-23		MOVEMENT	82659957	13.1206
			DURING
			0	- -		THE YEAR		0
2	KAMLESH B	8039765	1.2762	31-Mar-22		NIL	8039765	1.2762
	SHAH
		8039765	1.2762	31-Mar-23		MOVEMENT	8039765	1.2762
			DURING
			0	- -		THE YEAR		0
3	THE BANK OF	7039394	1.1174	31-Mar-22				0
	NEW YORK
	MELLON		0	07-Oct-22	-27400	Sell	7011994	1.113
			0	28-Oct-22	-747718	Sell	6264276	0.9943
			0	24-Feb-23	-2156	Sell	6262120	0.994
		6262120	0.994	31-Mar-23			6262120	0.994
			0	- -				0
4	PRAKASH	2149900	0.3413	31-Mar-22		NIL	2149900	0.3413
	BABALAL SHAH
		2149900	0.3413	31-Mar-23		MOVEMENT	2149900	0.3413
			DURING
			0	- -		THE YEAR		0
5	ELARA INDIA	1611000	0.2557	31-Mar-22		NIL	1611000	0.2557
	OPPORTUNITIES
	FUND LIMITED	1611000	0.2557	31-Mar-23		MOVEMENT	1611000	0.2557
			DURING
			0	- -		THE YEAR		0
6	THE NEW INDIA	1594544	0.2531	31-Mar-22		NIL	1594544	0.2531
	ASSURANCE
	COMPANY	1594544	0.2531	31-Mar-23		MOVEMENT	1594544	0.2531
	LIMITED		DURING
			0	- -		THE YEAR		0

49

37th Annual Report 2022-23

		Shareholding at the beginning of the year as on 01.04.2022	Cumulative Shareholding
		during the year (2022-23)
		No. of
S.	NAME	Shares at the			Increase			% of total
beginning	% of total
NO.		/Decrease			shares
	of the year	shares of the	DATE	Reason	No. of shares
		in	of the
		(01.04.2022)	Company
			shareholding			company
		end of the year
		(31.03.2022)
7	THE ORIENTAL	1392970	0.2211	31-Mar-22		NIL	1392970	0.2211
	INSURANCE
	COMPANY	1392970	0.2211	31-Mar-23		MOVEMENT	1392970	0.2211
	LIMITED		DURING
			0	- -		THE YEAR		0
8	RAVIKUMAR	1058000	0.1679	31-Mar-22		NIL	1058000	0.1679
	RAMKISHORE
	SANWALKA	1058000	0.1679	31-Mar-23		MOVEMENT	1058000	0.1679
			DURING
			0	- -		THE YEAR		0
9	RAJESH KUMAR	1700000	0.2698	31-Mar-22				0
	SAHU
			0	27-May-22	10000	Purchase	1710000	0.2714
			0	03-Jun-22	15000	Purchase	1725000	0.2738
			0	19-Aug-22	25000	Purchase	1750000	0.2778
			0	23-Dec-22	27887	Purchase	1777887	0.2822
			0	31-Dec-22	12113	Purchase	1790000	0.2841
			0	06-Jan-23	10000	Purchase	1800000	0.2857
			0	24-Feb-23	-825000	Sell	975000	0.1548
		975000	0.1548	31-Mar-23			975000	0.1548
			0	- -				0
10	CENTRAL BANK	901746	0.1431	31-Mar-22		NIL	901746	0.1431
	OF INDIA		MOVEMENT
		901746	0.1431	31-Mar-23		DURING	901746	0.1431
			THE YEAR

1. SHAREHOLDING OF DIRECTORS AND KEY MANAGERIAL PERSONNEL AS ON
   31ST MARCH 2023:

		Shareholding at the beginning of	Cumulative Shareholding during
S.	For Each of the Directors and KMP	the year as on 01.04.2022	the year (FY 2022-23)
No.	No. of shares	% of total shares	No. of shares	% of total shares of
		of the company	the company
1.	Pravin Kumar Purwar, CMD		NIL		NIL
2.	Rajiv Kumar , Director (Finance)		NIL		NIL
Appointed Director w.e.f. 02.12.2022)
3.	V Ramesh Director (Technical) Appointed		NIL		NIL
Director w.e.f. 01.04.2022)
4.	Yojana Das, Director (Finance) (Ceased to be		NIL		NIL
Director w.e.f. 30.11.2022)
5.	Arvind Vadnerkar, Director (HR&EB)		NIL		NIL
(Appointed Director w.e.f. 01.09.2021)
6.	Navneet Gupta, Govt. Nominee Director		NIL		NIL
(Ceased to be Director w.e.f. 17.05.2022)

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37th Annual Report 2022-23

		Shareholding at the beginning of	Cumulative Shareholding during
S.	For Each of the Directors and KMP	the year as on 01.04.2022	the year (FY 2022-23)
No.	No. of shares	% of total shares	No. of shares	% of total shares of
		of the company	the company
	Amitabh Ranjan Sinha, Govt. Nominee
7.	Director (Ceased to be Director w.e.f.		NIL		NIL
	30.05.2022)
	Sunil Kumar Verma, Govt. Nominee
8.	Director (Appointed to be Director w.e.f.		NIL		NIL
	23.11.2022)
9.	Shivendu Gupta, Govt. Nominee Director		NIL		NIL
(Appointed to be Director w.e.f. 05.01.2023)
10.	Vishwas Pathak, Independent Director		NIL		NIL
(Appointed Director w.e.f. 12.11.2021)
11.	Deepika Mahajan, Independent Director		NIL		NIL
(Appointed Director w.e.f. 23.11.2021)
12.	Sarv Daman Bhagat, Independent Director		NIL		NIL
(Appointed Director w.e.f. 12.11.2021)
	Yogesh Kumar Tamrakar, Independent
13.	Director (Appointed Director w.e.f.		NIL		NIL
	12.11.2021)
14.	S.R. Sayal, Company Secretary (Ceased to be		NIL		NIL
Company Secretary as on 28.02.2023)
	Ratan Mani Sumit, Company Secretary
15.	(Appointed as a Company Secretary on		NIL		NIL
	01.03.2023)

V. INDEBTEDNESS

1. Indebtedness of the Company including interest outstanding/accrued but not due for payment during F.Y. 2022-23 as per Ind AS

					(in Crores)
		SECURED LOANS	UNSECURED LOANS		TOTAL
		EXCLUDING	DEPOSITS
		BOND+STL+OD	INDEBTNESS
		DEPOSITS (LTL)
Indebtedness at the beginning
of the Financial Year as on
01.04.2022
i)	Principal Amount	10,186.12	16,420.35		26,606.47
ii) Interest due but not paid
iii) Interest accrued but not due	4.37	244.92		249.29
Total (i+ii+iii)	10,190.49	16,665.27		26,855.76
Change in Indebtedness during
the Financial Year 2022-23
Addition		7,205.28		7,205.28
Reduction	5,362.09			5,362.09
Net Change	5,362.09	7,205.28		1,843.19
Indebtedness at the end of the
financial year as on 31.03.2023
i)	Principal Amount	4,822.96	23,351.05		28,174.01
ii) Interest due but not paid
iii) Interest accrued but not due	5.44	519.51		524.94
Total (i+ii+iii)	4,828.40	23,870.56		28,698.95

51

37th Annual Report 2022-23

Note: Government of India approved the financial support to the Company in the year 2014 and on surrender of Broadband Wireless Access (BWA) Spectrum by MTNL, upfront charges paid by the Company in the year 2011 for such spectrum amounting to Rs. 4533.97 crores were agreed to be funded by way of issuance of debentures by the Company on behalf of Government of India (GOI) and for which GOI provided sovereign guarantee with attendant condition for repayment of principal on maturity as well as the interest payments through DOT. Accordingly, the Company does not have any liability toward repayment of principal and interest on the bonds issued and has been offset against the amount recoverable from DOT of equivalent amount.

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

1. Remuneration to Managing Director, Whole - time Directors and/or Manager during the F.Y. 2022-23:

				NAME OF MD/WTD/MANAGER
S.	PARTICULARS OF	Pravin	Arvind	Yojana Das Director	V.Ramesh,	Rajiv Kumar,	TOTAL
(Finance)	Director (Technical)	Director (Finance)
NO.	REMUNERATION	Kumar	Vadnerkar,	AMOUNT
		Purwar,	Director	(Ceased to be	(Appointed	(Appointed	IN RUPEES
		CMD	(HR & EB)	Director w.e.f.	Director w.e.f. 01.	director w.e.f.
		30.11.2022)	04.2022)	02.12.2022),

1. Gross salary Salary as per provisions contained in section 17(1) of the Income tax Act, 1961

	Value of perquisites	NIL	NIL	NIL	NIL	NIL	NIL
	u/s 17(2) Income -tax
	Act, 1961
	Profits in lieu of
	salary under section
	17(3) Income-tax Act,
	1961
2.	Stock Option	NIL	NIL	NIL	NIL	NIL
3.	Sweat Equity	NIL	NIL	NIL	NIL	NIL
4.	Commission
	As % of profit	NIL	NIL	NIL	NIL	NIL
	Other, specify…
5.	Others, please specify	NIL	NIL	NIL	NIL	NIL
	(Gratuity + LE)
	Total (A)	NIL	NIL	NIL	NIL	NIL	NIL
	Ceiling as per the Act

B. Remuneration to other Directors during the F.Y. 2022-23: -

S.			NAME OF INDEPENDENT DIRECTORS	Piyush
Particulars of Remuneration					Ranjan
No.	Deepika	Sarv Daman	Vishwas Pathak	Yogesh Kumar
		Mahajan	Bharat	Tamrakar	Nishad

1. Independent Directors

	Fee for attending Board and its
2.	committee meetings, Commission,	90000	80000	80000	NIL*	20000
	Others, please specify
3.	Total (1)	90000	80000	80000	NIL	20000
		Navneet Gupta	Amitabh Ranjan Sunil Kumar	Shivendu Gupta
4.	Other Non-Executive Directors	(Ceased to be	Sinha (Ceased to Verma (Appointed	(Appointed
director w.e.f.	be director w.e.f. director w.e.f.	director w.e.f.
		17.05.2022)	30.05.2022)	23.112022)	05.01.2023)

52

37th Annual Report 2022-23

	Fee for attending Board Committee
5.	Meetings, Commission, Others,	NIL	NIL	NIL	NIL
	please specify
6.	Total (2)	NIL	NIL	NIL	NIL
7.	Total (B)=(1+2)	90000	80000	80000	NIL	20000
8.	TOTAL MANAGERIAL REMUNERATION (A+B) Rs.				270000
9.	Overall Ceiling as per the Act

1. Remuneration to Key Managerial Personnel other than MD/Manager/WTD during the F.Y. 2022-23: -

S.NO.	Particulars of		KEY MANAGERIAL PERSONNEL
Remuneration	CHIEF FINANCIAL	COMPANY SECRETARY (CS)	TOTAL (Amount in
		OFFICER (CFO)			Rs)
		Sultan Ahmed	S.R. Sayal	Ratan Mani Sumit
		(Appointed CFO	( Ceased to be Company	(Appointed
		w.e.f. 14.02.2023)	Secretary w.e.f. 28.02.2023)	Company Secretary
				w.e.f. 01.03.2023)
	Gross salary Salary
	as per provisions
	contained in section
1.	17(1) of the Income -	420185	25,27,170	150338	30,97,693
tax Act, 1961
	4680	59578	NIL	64,258
	Value of perquisites
	u/s 17(2) Income-tax
	Act, 1961
2.	Stock Option	NIL	NIL	NIL	NIL
3.	Sweat Equity	NIL	NIL	NIL	NIL
4.	Commission as % of	NIL	NIL	NIL	NIL
Profit Others, specify
5.	Others, please specify	-	-	-	NIL
	Total	424865	2586748	150338	3161951

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES DURING THE F.Y. 2022-23:--- NIL

		Section of the		Details of Penalty/		Appeal
		Brief	Punishment/	Authority[RD/
Type		Companies	made, if any
	Description	Compounding fees	NCLT/COURT]
		Act	(give details)
				imposed
COMPANY
Penalty
Compounding
DIRECTORS
Penalty			NIL
Punishment
Compounding
OTHER OFFICERS IN
DEFAULT
Penalty
Compounding

53