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.

Noida Toll Bridge Company Limited (NTBCL) has made several key announcements following a board meeting held on August 5, 2025. The company, which operates the DND Flyway connecting Noida and Delhi, has approved its financial results for the first quarter of the fiscal year and made important appointments.

Financial Results Approval

The Board of Directors of NTBCL has approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. These results, accompanied by a Limited Review Report, cover the first three months of the company's fiscal year.

Appointment of Secretarial Auditors

In a significant move towards ensuring robust corporate governance, the board has appointed M/s Kumar Wadhwa & Company as the company's Secretarial Auditors. This appointment is for a five-year term, spanning from the financial year 2025-26 to 2029-30, subject to shareholder approval at the upcoming 29th Annual General Meeting (AGM).

M/s Kumar Wadhwa & Company, a firm of Practicing Company Secretaries, brings extensive experience to the role. The firm holds Certificate of Practice No. 7027 and Peer Review Certificate No. 3834/2023. Their expertise spans various areas including corporate laws, restructuring, initial public offers, and compliance with Companies Act, 2013, SCRA, and SEBI regulations.

E-Voting Scrutinizer

M/s Kumar Wadhwa & Company has also been appointed as the scrutinizer for conducting the e-voting process for the 29th AGM. This dual role underscores the company's trust in the firm's capabilities and integrity.

Annual General Meeting Preparations

The board has finalized several key documents for the upcoming AGM, including:

• Notice of the 29th Annual General Meeting
• Directors' Report with all necessary annexures
• Corporate Governance Report
• Management Discussion and Analysis for the Financial Year 2024-25

Trading Window

NTBCL has announced that the trading window for share dealings by directors and insiders will reopen on August 8, 2025. This is scheduled 48 hours after the publication of the quarterly financial results, in compliance with regulatory requirements.

Board Meeting Details

The board meeting, which commenced at 2:15 p.m. and concluded at 3:50 p.m. on August 5, 2025, covered these crucial agenda items. The company has assured that all relevant information will be uploaded on the websites of BSE, NSE, and the company's own website at www.ntbcl.com .

These developments reflect NTBCL's commitment to transparency, regulatory compliance, and sound corporate governance practices. Shareholders and stakeholders will be keenly watching the upcoming AGM for further insights into the company's performance and future strategies.