Noida Toll Bridge Company Limited (NTBCL) has provided an important update regarding an ongoing litigation matter, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows the company's earlier communication on January 20, 2025, regarding the filing of a Review Petition with the Hon’ble Supreme Court of India.

As per the recent communication received on May 2, 2025, the Supreme Court of India has issued an order regarding the matter, directing it to be listed for hearing in an open court on May 9, 2025. The Review Petition arises from a judgment delivered by the Supreme Court on December 20, 2024, concerning the ongoing case involving NTBCL.

In their submission, NTBCL emphasized that there would be no impact on the company’s business operations as a result of this litigation. The company confirmed that there are no alleged violations or contraventions involved, and that the litigation does not have any quantifiable impact on their financial or operational activities.

Detailed Litigation Update

NTBCL has been engaged in a legal matter with Pradeep Puri, which has reached the Supreme Court after an earlier judgment and order in the C.A. No. 14826/2024 case. The Review Petition seeks a re-examination of the case, and as part of the judicial process, the Supreme Court directed that the case be listed for hearing in an open court session on May 9, 2025.

The order was received by the company on May 2, 2025, and NTBCL is complying with the necessary regulations by disclosing the developments under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on Business Operations

The company has reassured all stakeholders that there is no financial or operational impact due to the ongoing legal matter. The Review Petition pertains to legal processes that have no direct bearing on NTBCL’s day-to-day business functions. The company further clarified that no contraventions or violations have been identified in the matter.

Next Steps and Timeline

As per the Supreme Court’s direction, the matter will be heard in an open court on May 9, 2025, and further updates will be provided to the stock exchanges and stakeholders once the court proceedings conclude. The company remains committed to ensuring transparency and regulatory compliance, and will continue to provide any material updates in line with SEBI regulations.

In conclusion, this litigation update, while significant in the legal context, does not affect the business operations or financial health of Noida Toll Bridge Company Limited. The company is fully engaged in its operations, and the litigation is not expected to influence the overall strategic direction or performance in the foreseeable future.

NTBCL remains dedicated to providing shareholders and stakeholders with transparent, timely disclosures and will continue to adhere to all legal and regulatory requirements as per the applicable norms set by SEBI and other authorities.

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