In a recent development, the Delhi High Court has provided interim relief to Noida Toll Bridge Company Limited (NTBCL), granting temporary protection to the toll bridge operator. While specific details about the nature of the legal proceedings or the scope of protection were not disclosed, this decision marks a significant event for the company.

Legal Proceedings

The Delhi High Court's decision to offer temporary protection to NTBCL could have implications for the company's operations and financial standing. However, the exact nature of the protection and its potential impact on the company's business remains unclear at this time.

Company Update

In a separate development, NTBCL has announced the closure of its trading window for insiders. According to a recent corporate filing:

• The trading window for NTBCL shares will be closed from October 1, 2025, until 48 hours after the declaration of Audited Standalone and Consolidated Financial Results for the quarter and six months ending September 30, 2025.
• This closure applies to Designated Persons and their immediate relatives, who are prohibited from trading in the company's securities during this period.
• The company will announce the date of its Board Meeting for considering and declaring the financial results in due course.

Regulatory Compliance

NTBCL is adhering to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and its own Code of Conduct to Regulate, Monitor and Report Trading by Insiders. In compliance with a recent SEBI circular:

• The PAN (Permanent Account Number) of designated persons of the company will be frozen by the National Securities Depository Limited during the trading window closure period.
• This measure aims to prevent insider trading and ensure fair market practices.

These developments highlight the ongoing regulatory compliance efforts of Noida Toll Bridge Company Limited amidst the recent court decision. Investors and stakeholders will likely be watching closely for further updates on both the legal proceedings and the upcoming financial results.

Noida Toll Bridge Company Limited (NTBCL) has received a substantial demand of Rs. 100.71 crore from the New Okhla Industrial Development Authority (NOIDA), sparking a potential legal battle. The company, which operates the DND Flyway, has declared its intention to contest this demand, describing it as "legally untenable."

Demand Details

According to a disclosure made by NTBCL under SEBI regulations, the company received a letter (No.: NOIDA/SM(OA)/2025/3144) from NOIDA on September 16, 2025. The letter, dated September 10, 2025, outlines a demand for Advertisement License Fee amounting to Rs. 100.71 crore. Additionally, NOIDA has instructed the company to remove advertisements within a 15-day timeframe.

Company's Response

NTBCL has taken a firm stance against the demand, stating that it is "without merit, baseless and premised on a skewed and incorrect interpretation of the Hon'ble Supreme Court Judgment." The company argues that NOIDA has wrongly applied its Outdoor Advertising Policy to the DND Flyway.

Gagan Singhal, Company Secretary & Compliance Officer of NTBCL, emphasized, "The Noida Outdoor Advertising Policy is not applicable on the DND Flyway, which is a privately owned and operated road, governed by the provisions of the Concession Agreement."

Legal Implications

The company has announced its intention to pursue legal recourse against this demand. NTBCL maintains that NOIDA lacks the authority to extend its advertising policy to the DND Flyway or raise demands based on such a policy.

Impact on Operations

Despite the ongoing dispute, NTBCL has assured stakeholders that this issue will not affect its focus on safety, maintenance, and service to commuters. The company stated its commitment to continue investing in the upgradation of the Flyway, which serves over 2.50 lakh daily commuters.

Conclusion

As this situation unfolds, it highlights the complex relationship between private infrastructure operators and local authorities. The outcome of this dispute could have significant implications for NTBCL's financial position and potentially set a precedent for similar cases in the future. Stakeholders will be closely watching as the company prepares to challenge this substantial demand through legal channels.