Noida Toll Bridge Company Limited has informed the Exchange regarding outcome & Proceedings of Annual General Meeting held on September 22, 2025.
NOIDATOLL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Noida Toll Bridge Company held its 29th AGM on September 22, 2025 via video conferencing, from 11:00 AM to 12:05 PM. Three ordinary resolutions were put to vote: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, (2) re-appointment of Mr. Kazim Raza Khan as director (retiring by rotation), and (3) appointment of the Secretarial Auditor. Out of 59,778 shareholders on record date, 130 attended through video conferencing (1 promoter group, 129 public). The statutory auditor's report was clean (unmodified), while the secretarial auditor flagged board composition issues — however, an NCLT order from April 26, 2019 exempts IL&FS group companies (including NTBCL) from these requirements. The Chairman used his speech to flag three major concerns: stopping of user fee collection causing revenue uncertainty, flyway maintenance obligations amid inadequate income, and an income tax demand exceeding Rs. 21,000 crores. Voting results are awaited and will be filed within two working days.
Routine procedural filing, but the Chairman's speech highlights serious financial headwinds — a massive Rs. 21,000+ crore tax demand and loss of toll revenue — which are material risks for shareholders. The actual voting results (which could indicate dissent on any resolution) are still pending and should be watched.