Noida Toll Bridge Company Limited — Important, 20-12-2024: General Updates

The Noida Toll Bridge Company confirmed that the Supreme Court upheld a previous ruling from the Allahabad High Court, which mandates a halt on toll collection at the Noida bridge due to specific provisions in the Concession Agreement being deemed inoperative. This suspension of user fee collection has been in effect since October 26, 2016. The Supreme Court dismissed the company's Special Leave Petition, which sought to challenge the High Court's decision. The firm stated there are no additional reportable events beyond what has been publicly available that could clarify recent trading movement, leaving investors to watch closely as this ongoing legal situation impacts operational capabilities and revenue generation prospects.