Annual Secretarial Compliance Report for the financial year ended March 31, 2026
NOIDATOLL · price
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Noida Toll Bridge Company Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Kumar Wadhwa & Company, Company Secretaries. The report covers compliance with SEBI regulations including LODR 2015, Insider Trading Regulations, Depositories Regulations, and other applicable SEBI guidelines. The auditors confirmed compliance across most areas including secretarial standards, document preservation, related party transactions, and insider trading norms. However, the company is in default of compliance with Regulations 17, 18, 19, 20 and 25 of SEBI LODR, as it has no Independent Director as of March 31, 2026. The company also failed to identify material unlisted subsidiaries and could not conduct Independent Director performance evaluations. No actions were taken by SEBI or stock exchanges against the company during the review period.
The absence of Independent Directors is a significant governance lapse. While an NCLT Mumbai order dated April 26, 2019 granted exemption to IL&FS group companies including NTBCL, this exemption does not absolve the company from regulatory risk. Shareholders should monitor whether the company takes steps to comply with board composition requirements.