Noida Toll Bridge Company Limited — Others, 13-01-2025: News Verification

Noida Toll Bridge Company Limited has issued a verification letter in response to recent media reports indicating that the Supreme Court has ruled against their ability to collect tolls on the DND Flyway, causing a 5% drop in stock price. The Supreme Court dismissed the company's Special Leave Petition challenging a previous High Court decision that suspended toll collection since October 2016. With tolls still halted, this ruling maintains a challenging financial landscape for the company. Investors should consider the ongoing operational impacts and the need for alternative revenue strategies, which may pose potential risks to future performance.