Noida Toll Bridge Company Limited received an order from the Hon'ble High Court of Delhi on October 15, 2026, regarding its ongoing legal dispute with the New Okhla Industrial Development Authority (NOIDA). The court directed that the matter be listed for the next hearing on December 14, 2026.

The company stated that any interim orders currently in force will continue until the next date of hearing. Management confirmed there would be no impact on the business operations of the entity.

Regulatory Disclosure Details

The update was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure pertains to the case Noida Toll Bridge Company Limited versus New Okhla Industrial Development Authority (NOIDA), bearing the case number O.M.P.(I) (COMM.) 403/2025.

The filing was signed by Gagan Singhal, Company Secretary and Compliance Officer, and submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Ltd.

Noida Toll Bridge Company Limited has approved a second interim distribution of ₹23.60 crore to ICICI Bank Limited. The payment covers the entire liability up to the cut-off date of October 15, 2018, as part of the company's court-monitored resolution process.

The Board of Directors transacted this business at its 177th meeting held on September 23, 2026. The company notified both the Bombay Stock Exchange and the National Stock Exchange of India Ltd regarding the outcome under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.

Resolution and Payment Details

Noida Toll Bridge is part of the IL&FS Group and is currently undergoing a Court Monitored Resolution. The distribution relates to a Secured Term Loan facility availed from ICICI Bank, with a closing balance of ₹23.60 crore as on August 30, 2026.

The resolution process requires the accrual of interest on the loan up to the cut-off date of October 15, 2018. The revised claim report was prepared by claim manager GT and validated by resolution advisors A&M. The working was subsequently approved by the competent office and recommended by the Audit Committee before Board approval.

Conditions Precedent

The approved payment is subject to further approvals from two key entities:

• IL&FS Transportation & Networks Limited (Holding Company)
• IL&FS (New Board)

The meeting commenced at 12:00 pm and concluded at 1:10 pm. Gagan Singhal, Company Secretary and Compliance Officer, signed the disclosure notice dated September 23, 2026.

What the Numbers Show

The approved distribution amount of ₹23.60 crore matches exactly with the closing balance of the Secured Term Loan as reported on August 30, 2026. This indicates that the interim distribution is structured to clear the entire principal liability accrued up to the statutory cut-off date of October 15, 2018, rather than being a partial or discretionary payout based solely on current cash availability. The reliance on external validation by GT and A&M underscores the strict procedural compliance required in the ongoing IL&FS group resolution framework.