IL&FS Transportation Networks Limited disclosed a 26.37% shareholding in Noida Toll Bridge Company Ltd as of March 31, 2026. The filing confirms the promoter holds 4,90,95,007 equity shares of ₹10 each. The declaration further states that none of these shares were under encumbrance during the financial year ended March 31, 2026.

The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document was signed by Krishna Ghag, Vice President and Company Secretary of IL&FS Transportation Networks Limited.

Shareholding Details

The following table outlines the entity's position in Noida Toll Bridge Company Ltd:

The filing confirms that the total holding represents 26.37% of the paid-up equity share capital of the company. The disclosure was addressed to the General Manager of the Listing Department at BSE Limited and the Vice President of the Listing Department at National Stock Exchange of India Limited.

Noida Toll Bridge Company Limited (NTBCL) announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 15, 2026. Operational since 2001, the DND Flyway serves as a critical urban mobility corridor connecting Delhi and Noida. As the DND Flyway completes 25 years of operation, the Board reiterated its commitment to infrastructure sustainability, world-class commute standards, and stakeholder engagement.

Financial Performance: FY26

Noida Toll Bridge Company reported a significant turnaround in its full-year results. On a consolidated basis, the company recorded revenue of ₹58.84 crore in FY26, compared to ₹42.61 crore in FY25, reflecting an overall increase of 38.09 per cent. This increase was attributable to one-time exceptional income received during the reporting year. Profit After Tax (PAT) for FY26 stood at ₹27.24 crore, compared to a loss after exceptional items of ₹244.19 crore in the corresponding period last year.

On a standalone basis, revenue for FY26 stood at ₹58.73 crore, up from ₹42.60 crore in FY25, an increase of 37.87 per cent. Standalone PAT for FY26 stood at ₹27.14 crore, reversing a loss of ₹244.29 crore posted during FY25. During FY26, the company shared ₹3.40 crore with Noida Authority from its advertising revenue.

The following table summarises the key consolidated financial figures for the year:

Financial Performance: Q4 FY26

For the quarter ended March 31, 2026, the company delivered steady results. On a consolidated basis, revenue for Q4 FY26 stood at ₹12.72 crore, against ₹10.97 crore in Q4 FY25, an increase of 15.95 per cent. Consolidated PAT for Q4 FY26 was ₹3.85 crore, compared to ₹4.06 crore in Q4 FY25. On a standalone basis, Q4 FY26 revenue was ₹12.71 crore against ₹10.94 crore in Q4 FY25, an increase of 16.18 per cent, while standalone PAT stood at ₹3.90 crore versus ₹4.09 crore in Q4 FY25.

The following table presents the quarterly performance comparison:

Operational and Maintenance Update

During the fiscal year, the company initiated multi-phased road repair and upkeep activities including Bituminous Concrete (BC), SDBC works, micro-surfacing, and other related repairs across critical sections of the carriageway. The second phase of the planned upgradation programme was delayed due to statutory restrictions under GRAP-IV, which prohibited road upgradation and allied activities, pushing the completion timeline into April 2026, which has since been completed. The DND Flyway continues to serve over 2.5 lakh daily commuters connecting Delhi and Noida.

NTBCL's Board undertook an Independent Technical Assessment of the DND Flyway, conducted by CRISIL Intelligence (Routine Operations and Major Maintenance) and Almondz Global Infra (Bridge Assessment). The assessment confirmed that the DND Flyway remains structurally sound and does not require any major structural strengthening or rehabilitation in the immediate future. The assessment estimated phased functional overlay and upkeep requirements of approximately ₹20 crore (at current prices) over the next five years towards maintaining ride quality, preventive maintenance, and routine asset preservation measures.

Legal and Regulatory Developments

The Board took note of the interim stay granted by the Hon'ble Delhi High Court on NOIDA Authority's demand letter dated September 10, 2025, which sought to stop NTBCL's advertisement displays and recover over ₹100 crore in alleged advertisement license fees. The court, by its order dated September 25, 2025, restrained NOIDA from taking any coercive action against NTBCL or disrupting its advertisement operations, with protection extended till July 28, 2026. Advertising revenue continued to be the primary income stream during the quarter, supporting regular maintenance, security, and financial commitments.

The following table summarises the key pending legal matters:

The company has not provided for interest on loans from ICICI Bank Limited and IL&FS Transportation Networks Limited (ITNL), aggregating ₹285.53 lakh and ₹1,152.09 lakh respectively for the quarter and year ended March 31, 2026, and ₹8,227.78 lakh up to March 31, 2026, pursuant to the NCLAT order dated March 12, 2020, which confirmed October 15, 2018 as the cut-off date for the IL&FS resolution process.

Corporate Actions

The trading window for share dealings by directors and insiders opened on May 18, 2026, 48 hours after the publication of the audited financial results for the quarter and year ended March 31, 2026. NTBCL reiterated its commitment to act in the best interests of over 60,000 retail shareholders, who collectively hold nearly 70 per cent of the company's equity, while maintaining transparency, compliance, and accountability.