Noida Toll Bridge Company Ltd

Noida Toll Bridge Company Limited: Trading Window closed from October 1, 2026 until 48 hours after the declaration of Audited Standalone and Consolidated Financial Results for the quarter and six months ended September 30, 2026.

Second interim distribution approved

• Rs 23.60 crore payable to ICICI Bank as second interim distribution, comprising liability till cut-off date.
• Payment subject to approvals by IL&FS Transportation & Networks Limited – Holding Company and IL&FS (New Board).
• Audit Committee recommended approval; revised claim report by GT and distribution work validated by GT and A&M.
• Closing balance of ICICI Bank term loan: Rs 23.60 crore as of 30 August 2026.
• Company is part of IL&FS group undergoing court-monitored resolution.

AGM details

• Date and time: 21 September 2026, 12:00 PM.
• Mode: Video Conferencing/Other Audio Visual Means.
• Record date: 11 September 2026.
• Shareholders on record: 61,841.
• Shareholders attended via VC: Promoters 1; Public 157.
• Resolutions passed: 4.

Key resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Jayashree Ramaswamy as Director (retiring by rotation).
• Resolution 3 (Ordinary): Ratification of remuneration of statutory auditors.
• Resolution 4 (Special): Appointment of Balvinder Singh Gh as Independent Director.

Voting results

• All resolutions passed with high in-favour percentages (~98.4%).
• Votes polled across resolutions: ~50.15 million; in favour ~49.36 million; against ~0.79 million.

Directors and auditors

• Ms. Jayashree Ramaswamy re-appointed as Director (retiring by rotation).
• Balvinder Singh Gh appointed as Independent Director.
• Remuneration of statutory auditors ratified for the year ended 31 March 2026.

AGM details

• Date and mode: 21 September 2026, 12:00 PM, via VC/OAVM.
• Meeting concluded at 12:50 PM.
• Total shareholders on record date: 61,841.

Resolutions put to vote

• Ordinary: adopt Audited Standalone and Consolidated Financial Statements.
• Ordinary: re-appoint Ms. Jayashree Ramaswamy (retiring by rotation).
• Ordinary: ratification of remuneration of statutory auditors.
• Special: appoint Balvinder Singh as Independent Director.

Voting status

• Voting results not disclosed in the filing; Scrutinizer's report to follow.

Director changes

• Appointed Balvinder Singh as Independent Director.

Auditor matters

• Remuneration of statutory auditors ratified; no further details provided.

Meeting Details

• Date: September 23, 2026; time and venue not disclosed.

Key Agenda Items

• Consider second interim distribution to financial creditors.

AGM notice and access details

• 30th AGM scheduled Sept 21, 2026 at 12:00 IST via VC/OAVM.
• E-voting window from Sept 18, 2026 9:00 AM to Sept 20, 2026 5:00 PM IST.
• Cut-off for e-voting: Sept 11, 2026.
• Annual Report for FY 2025-26 available at ntbcl.com and NSDL/NSE/BSE.
• Notice sent to non-email shareholders with access link and QR code.
• KYC update urged; dividends to be electronic if no KYC.
• Cut-off for email update: August 21, 2026.
• AGM notice and Annual Report hosted on NSDL, BSE, and NSE.
• Reminders to dematerialise physical holdings and complete KYC formats.
• Securities holders advised to update email addresses to access online services.

Financial highlights

• Standalone revenue from operations: 4,287.02 Lakhs; standalone total income: 5,873.44.
• Consolidated metrics: revenue from operations 4,287.02; total income 5,883.72; PAT 2,723.80.
• PAT turnaround: standalone 2,714.10; consolidated 2,723.80, vs prior year losses.
• Borrowings totalled 4,290.61 Lakhs; no long-term debt.
• Dividend not declared for FY2025-26.

Capital structure & liquidity

• Total borrowings: 4,290.61 Lakhs; no long-term debt.
• Standalone cash and cash equivalents: 14.64 Lakhs; consolidated cash and bank balances: 8,541.67.
• Equity negative at NTBCL; net assets negative in standalone and consolidated.
• Net debt to equity: consolidated 340%; standalone negative equity.

Dividends & capital allocation

• No equity issuances or stock options in FY2025-26.
• Dividend not declared; ongoing IL&FS resolution.

Governance & governance flags

• Independent Directors not appointed; NCLT dispensation granted.
• Auditors: N. M. Raiji & Co; Secretarial: Kumar Wadhwa.
• Audit emphasis: going concern; no fraud reported.

Legal, regulatory & PPP context

• May 9, 2025 Supreme Court upheld toll discontinuation; concession rights preserved; settlement possible.
• Supreme Court dismissal of review petition; impairment recognized December 2024.
• IL&FS group resolution ongoing; going concern depends on ongoing funding.
• Arbitration with NOIDA; proceedings ongoing.

Subsidiaries & related party

• Subsidiary ITMSL Toll Management Services Limited; NTBCL holds 51%.
• Related party transactions are arm's length; O&M with ITNL; policy updated.

AGM Details

• AGM scheduled for Sep 21, 2026 through VC/OAVM.
• Book closure from Sep 15 to Sep 21, 2026 (inclusive).
• Record date for voting: Sep 11, 2026.
• E-voting period: Sep 18 to Sep 20, 2026.
• Notice and annual report for FY 2025-26 available electronically.