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 shareholders have approved the remuneration package for Executive Director and Chief Executive Officer Mr. Dheeraj Kumar through postal ballot, with the resolution receiving overwhelming support from the voting shareholders.

Postal Ballot Results

The postal ballot process concluded with strong shareholder support for the proposed remuneration structure. The scrutinizer's report, submitted by Mr. Sanjay Kumar of Kumar Wadhwa & Company, revealed decisive approval for the executive compensation package.

Approved Remuneration Package

The shareholders endorsed the comprehensive compensation structure recommended by the Board of Directors and Nomination and Remuneration Committee for Mr. Dheeraj Kumar's executive role.

Voting Process and Timeline

The postal ballot process was conducted through National Securities Depository Limited (NSDL) e-voting platform, with Mr. Sanjay Kumar (FCS No. 9211, CP No. 7027) serving as the appointed scrutinizer.

Executive Profile and Responsibilities

Mr. Dheeraj Kumar brings over two decades of experience in project and corporate finance across infrastructure sectors. His expertise encompasses economics and finance with specialization in project development, infrastructure finance from conceptualization to closure stages, and business planning development.

The Executive Director & CEO oversees day-to-day business operations, revenue-related contracts, operational and maintenance activities, and ongoing litigation matters. Mr. Kumar also serves as a member of the company's Audit Committee, contributing to the organization's governance framework.

The resolution, having received the requisite majority approval, is deemed effective from January 17, 2026, the last date of remote e-voting. The company has communicated the results to BSE Limited and made them available on the company website and NSDL's e-voting portal in compliance with regulatory requirements.