Noida Toll Bridge Company Limited has informed the Exchange - UPDATE ON THE MATTER (LETTER NO.: NOIDA/INFRA-32/1/2025/11 DATED 10.06.2025 RECEIVED FROM NOIDA)
NOIDATOLL · price
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On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NOIDA (the government authority) sent a letter dated September 10, 2025 demanding approximately Rs. 100 crores from NTBCL, claiming unpaid advertisement license fees after retrospectively raising the rate from Rs. 125 to Rs. 457 per sq. ft. per month. NTBCL challenged this in the Delhi High Court under the Arbitration and Conciliation Act, arguing the rate hike was unilateral and violated natural justice. On September 25, 2025, the court granted interim relief, ordering that no coercive action can be taken against NTBCL on this demand until the next hearing on January 16, 2026. The court noted that NTBCL appears to have a legitimate right to display advertisements and that the balance of convenience favours the company. NTBCL says the financial impact is still being assessed and the matter will ultimately be decided by an arbitral tribunal.
Short-term positive: NTBCL has breathing room and no immediate obligation to pay the Rs. 100 crore demand. However, the underlying dispute is unresolved and could create uncertainty until the arbitration or final court ruling, which may weigh on the stock until clarity emerges.