Noida Toll Bridge Company Limited has informed the Exchange regarding 'Letter received from NOIDA'.
NOIDATOLL · price
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Awaiting price reaction for this filing.
NOIDA (the government authority) has sent a letter dated June 13, 2025 to Noida Toll Bridge Company, the operator of the DND Flyway, claiming that the 1997 Concession Agreement has expired on its own based on a Supreme Court judgment (Civil Appeal No. 14826 of 2024). NOIDA is asking the company to hand over all project-related assets to the authority. The company has firmly rejected these claims, calling them 'without merit, baseless and premised on a skewed interpretation' of the Supreme Court order. The company is preparing legal action to challenge NOIDA's position. This is a major development for NTBCL as it directly threatens its core toll-road business and ownership of the DND Flyway assets.
This is a significant negative overhang for shareholders — if NOIDA's interpretation is upheld, the company could lose its main revenue-generating asset. However, since the company is actively contesting and plans legal recourse, the outcome remains uncertain and may take time. Expect sharp volatility and negative sentiment on the stock in the near term.