Noida Toll Bridge Company Limited has scheduled its 30th Annual General Meeting for Monday, September 21, 2026, at 12:00 pm through Video Conferencing or Other Audio Visual Means. The company also reminded shareholders holding physical securities to update their KYC details to ensure electronic dividend payments.

AGM and book closure details

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the company will remain closed for the purpose of the AGM. The key dates are as follows:

E-voting and shareholder participation

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 14 of the Listing Regulations, Noida Toll Bridge Company is providing shareholders the facility to exercise their voting rights electronically. E-voting services will be provided by National Securities Depository Limited.

Shareholders holding shares in physical or dematerialised form as on the cut-off date of September 11, 2026 are eligible to cast their vote electronically during the e-voting window.

Annual report and notice dispatch

The notice of the 30th AGM along with the Annual Report for FY 2025-26 will be dispatched electronically to shareholders whose email addresses are registered with the company or depositories. Shareholders without registered email addresses will receive a letter with the web-link to access the complete Annual Report. The notice and Annual Report for FY 2025-26 will also be available on the company's website as well as on the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL.

KYC and demat mandate

The company issued a reminder to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This circular mandates all listed companies to record PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choice for security holders holding securities in physical mode.

While updating email ID is optional, security holders are requested to register it to avail online services. In the absence of updated KYC, dividends will be paid only through electronic mode with effect from April 1, 2024. Additionally, new shares issued in electronic form credited to Escrow Accounts require KYC registration with the Registrar and Share Transfer Agent and conversion of physical holdings into demat accounts to claim them.

Noida Toll Bridge Company Limited reported a 26% year-on-year increase in standalone net profit to ₹525.87 lakhs for the quarter ended June 30, 2026, driven primarily by a sharp rise in other income rather than core operational growth. The Board of Directors approved the unaudited financial results and the appointment of Balvinder Singh as an Independent Director on August 3, 2026. This performance underscores the company’s ability to maintain profitability despite ongoing legal disputes affecting its core concession assets.

The company’s consolidated net profit attributable to shareholders stood at ₹529.37 lakhs for the quarter, compared to ₹415.25 lakhs in Q1FY25. Revenue from operations rose modestly by 8.2% to ₹1,138.45 lakhs from ₹1,052.02 lakhs in the corresponding period last year. However, total income increased significantly to ₹1,280.87 lakhs, supported by a 154.4% jump in other income to ₹142.42 lakhs from ₹55.99 lakhs previously.

Financial Performance Highlights

The improvement in profitability was aided by controlled operating expenses and minimal finance costs. Operating expenses decreased slightly to ₹579.19 lakhs from ₹581.03 lakhs in Q1FY25. Finance costs were negligible at ₹0.06 lakhs. The company recorded no tax expense for the quarter on a standalone basis.

On a consolidated basis, total income reached ₹1,281.30 lakhs against total expenses of ₹746.18 lakhs. The subsidiary, ITNL Toll Management Services Limited, contributed ₹74.98 lakhs in revenue and ₹6.86 lakhs in profit for the quarter.

Corporate Governance Updates

Based on the recommendation of the Nomination & Remuneration Committee, the Board appointed Mr. Balvinder Singh (DIN 03372237) as an Independent Director with immediate effect for a term of five years, subject to shareholder approval. Mr. Singh, a retired Member (Technical) of NCLAT and former Deputy Comptroller and Auditor General, brings 43 years of experience in audit and law.

The Board also approved the rectification of the Statutory Auditor’s fee, pending shareholder ratification, and appointed M/s Kumar Wadhwa & Company as the Scrutinizer for the upcoming 30th Annual General Meeting.

Key Disclosures and Legal Matters

The financial statements include several material disclosures regarding ongoing legal and regulatory matters:

• IL&FS Moratorium: Pursuant to an NCLAT order dated March 12, 2020, the company has not provided for interest on loans from ICICI Bank Limited and IL&FS Transportation Networks Limited (ITNL). The unprovided interest aggregated ₹300.14 lakhs for the quarter and ₹8,527.92 lakhs cumulatively up to June 30, 2026.
• User Fee Dispute: The Supreme Court dismissed the company’s Special Leave Petition regarding the collection of user fees on December 20, 2024. Consequently, the company impaired its intangible asset (concession rights) by ₹23,249.70 lakhs in FY25. A review petition filed in January 2025 was dismissed in May 2025.
• Tax Appeals: The company received favorable orders from the CIT(A) for Assessment Years 2016-17 and 2017-18, resolving demands of ₹357 crore and ₹383.48 crore respectively. However, additions related to lease rental income taxability remain under appeal at the ITAT. New penalty orders totaling ₹359.62 lakhs under sections 271D and 271E have been appealed.
• NOIDA Demand: A demand of approximately ₹100 crore for outdoor advertising arrears raised by NOIDA in September 2025 is currently restrained by the Delhi High Court, with the next hearing scheduled for October 14, 2026.

What the Numbers Show

The surge in net profit is primarily driven by non-operational factors rather than core toll collection growth. While revenue from operations grew modestly by 8.2%, other income more than doubled, contributing significantly to the top-line expansion. This divergence suggests that operational efficiency alone did not drive the bottom-line improvement; instead, fluctuations in other income played a decisive role. Investors should note that the core concession asset remains impaired, and future earnings visibility depends on the resolution of long-pending legal disputes regarding user fee collection.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE781B01015/05a169a7-9934-4bd8-ac82-63d91e1784f9.pdf