Noida Toll Bridge Company Limited (NTBCL) has officially announced through a media release that its DND Flyway upgradation project will be delayed until February 2026. The infrastructure company cited GRAP-IV restrictions and technical temperature requirements as primary factors affecting the construction timeline.

Official Project Timeline Update

NTBCL had initially planned to complete the DND Flyway upgradation work between December 2025 and January 2026. The company had commenced preliminary activities in the third week of October 2025 after completing all preparatory work, including material procurement, manpower allocation, and detailed execution plans for the entire stretch.

Impact of GRAP-IV Restrictions

The Graded Response Action Plan (GRAP-IV) measures, implemented due to hazardous air quality conditions across the National Capital Region, have significantly impacted the project timeline. Road improvement work is classified as polluting activity and cannot be undertaken while GRAP-IV restrictions are in force.

The statutory restrictions under GRAP-IV have prohibited upgradation activities and allied work, resulting in the work commencement timeline being pushed from October to December 2025, creating a delay of nearly five weeks.

Technical Temperature Requirements

Beyond regulatory restrictions, NTBCL revealed that certain upgradation work originally scheduled for November cannot be carried out in the cold December temperatures prevalent in the NCR region. These specific construction activities require particular temperature environments for proper completion.

The company emphasized that continuation of work in the absence of suitable environmental conditions may lead to sub-par outcomes, necessitating the postponement of this phase to January 2026.

Company's Commitment and Compliance

As a responsible infrastructure operator, NTBCL stated it remains fully compliant with all applicable directives issued by authorities. The company expressed its firm commitment to maintaining DND Flyway to world-class infrastructure standards, ensuring commuter safety and smooth traffic movement.

Once GRAP-IV measures are lifted and conditions become conducive for road upgradation activities, the work is expected to be completed within approximately five weeks, which may extend the completion timeline into February 2026. The company assured stakeholders that any adjustments to timelines arising from external factors are temporary in nature and committed to keeping stakeholders and commuters appropriately informed as the situation evolves.

Noida Toll Bridge Company Limited has issued a postal ballot notice seeking shareholder approval for the remuneration of its Executive Director and Chief Executive Officer. The notice, dated December 17, 2025, outlines the company's proposal to set the annual compensation for Mr. Dheeraj Kumar in his executive role.

Proposed Remuneration Structure

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has approved a comprehensive remuneration package for the Executive Director & CEO position.

E-Voting Timeline and Process

The company has established a structured timeline for the postal ballot process, utilizing National Securities Depository Limited (NSDL) services for remote e-voting facilities.

Executive Profile and Responsibilities

Mr. Dheeraj Kumar brings extensive experience in project and corporate finance, with over two decades of proven track record across infrastructure sectors. His professional background encompasses:

• Economics and Finance degree with specialization in Project Development
• Infrastructure Finance expertise from conceptualization to closure stages
• Business Planning Development and strategic objective implementation
• Management of Finance, Treasury, Fundraising, and legal functions
• Stressed Asset management experience from fact-finding to resolution
• Previous associations with IBM's Nordics Business group and Spatial Decisions' Government Infrastructure Business group

The Executive Director & CEO will oversee day-to-day business affairs, handle revenue-related contracts, manage operational and maintenance activities, and address ongoing litigation and arbitration matters. Mr. Kumar also serves as a member of the company's Audit Committee.

Regulatory Compliance and Shareholder Information

The postal ballot notice complies with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. Shareholders whose names appear in the Register of Members or Beneficial Owners as of the cut-off date December 12, 2025, are eligible to participate in the voting process.

The company has circulated electronic copies of the postal ballot notice to registered email addresses and provided detailed instructions for shareholders to update their contact information if necessary. All relevant documents will be available for inspection through electronic mode during the voting period.

The resolution requires approval through ordinary resolution, and if passed by requisite majority, it will be deemed effective from the last date specified for e-voting. Results will be communicated to BSE Limited and made available on the company's website and NSDL's e-voting portal.