In a significant development for Bharat Road Network Limited (BRNL), the Kerala High Court has revoked the suspension on toll collection at the Paliyekkara Toll plaza, operated by its subsidiary, Guruvayoor Infrastructure Private Limited. This decision marks the end of a temporary halt in user fee collection that began on August 6, 2025, following a public interest litigation.

Key Details of the Court Order

• Effective Date: October 17, 2025
• Toll Rates: Will revert to levels in place before the suspension
• Original Suspension: Lasted for approximately 10 weeks, exceeding the initial four-week period

Background of the Suspension

The suspension of toll collection was initially ordered by the Kerala High Court on August 6, 2025, in response to a writ petition filed as a public interest litigation. The court had initially directed a temporary suspension for four weeks, but the actual suspension period extended beyond this timeframe.

Company's Disclosure

Bharat Road Network Limited, in compliance with SEBI regulations, disclosed this development to the stock exchanges. The company's statement, signed by Company Secretary Ankita Rathi, highlighted the following points:

• The High Court order was received on October 17, 2025
• Toll collection resumed effective immediately from the same date
• Toll rates will be maintained at the levels existing on August 6, 2025

Implications for Investors

This development may have implications for Bharat Road Network Limited and its subsidiary:

1. Revenue Resumption: The lifting of the suspension allows the company to resume its revenue stream from this toll plaza.
2. Operational Continuity: It ensures the continued operation of the infrastructure project without further interruptions.
3. Legal Clarity: The court's decision provides legal clarity on the toll collection issue, potentially reducing future uncertainties.

Investors and stakeholders of Bharat Road Network Limited should monitor the company's future communications for any updates on the financial impact of this development.

Bharat Road Network Limited (BRNL), a key player in the infrastructure sector, has announced significant changes in its top leadership. Bajrang Kumar Choudhary has resigned from his position as Managing Director of the company, citing personal reasons. The resignation will take effect from September 16, 2025.

Leadership Transition

According to the company's disclosure to the stock exchanges on September 17, 2025, Mr. Choudhary will continue to serve as a Director on the company's Board of Directors. This move suggests that while stepping down from his executive role, he will maintain his involvement in the company's strategic decisions.

New Chief Executive Officer

In a related development, BRNL has appointed Anirup Sen as Chief Executive Officer and Whole Time Key Managerial Personnel, effective September 17, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Anirup Sen's Background

Sen brings over 28 years of experience across MNC banks, NBFCs, and infrastructure firms. His previous roles include:

• Head – Rental & Used Equipment at Innovative Infra & Mining Solutions Ltd.
• CEO and COO positions at organizations including Contract Square, Solapur Tollways, and Jardine Henderson

Sen's educational background includes:

• Bachelor of Science with Mathematics Honours from St. Xavier's College, Kolkata
• MBA from University of Wales, Cardiff, U.K.

He is also a life member of several professional bodies, including the Calcutta Management Association.

Official Communication

The company, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, officially communicated these changes to the stock exchanges. Ankita Rathi, the Company Secretary of Bharat Road Network Limited, signed the disclosure document.

Continuity in Governance

While the resignation of a Managing Director can often signal significant changes within a company, BRNL has emphasized continuity by retaining Mr. Choudhary on its Board of Directors. This decision may help in maintaining stability and leveraging his experience in the company's future endeavors.

Bharat Road Network Limited, with its CIN L45203WB2006PLC112235, is headquartered in Kolkata and operates in the infrastructure sector, focusing on road network development. As the company navigates these leadership changes, the market will be watching closely for any further announcements regarding the company's strategic direction under the new CEO's leadership.