In compliance of Regulation 30 of SEBI (LODR), 2015, Mahanagar Telephone Nigam has informed that the Board of Directors of the company through Circular Resolution dtd. 23.12.2024 has approved the proposal of Reduction in Employee Cost of the company by Offering Voluntary Retirement Scheme (VRS) substantially on Gujarat Model (with reduced Ceiling of Ex-Gratia) to the Employees (both Executives and Non executives) of age 45 Years and above, so as to make the organization lean and also reduce the staff costs.
The above information is a part of company’s filings submitted to BSE.
