Noida Toll Bridge Company logo

Noida Toll Bridge Company MD, chairman, board of directors and AGM

NSE: NOIDATOLLBSE: 532481Transport InfrastructureSmall Cap

Last close ₹3.42down ₹0.14 (3.93%)BSE ₹3.36

Share price at the NSE close on 23 Oct 2026. Previous close ₹3.56.

52-week range of traded prices to 23 Oct 2026
₹2.87Low, 27 Mar 2026₹7.43High, 22 May 2026
Market cap
₹64 Cr3,095th largest listed
P/E
2.2
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
38.3%
Debt to equity
Net worth zero or below
Volume, NSE
87,18260.3% delivered

Noida Toll Bridge Company board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonNAND KISHORE
  • Company Secretary and Compliance OfficerGagan Singhal

7 directors1 independent1 executive5 non-executive

  • NAND KISHORE · ChairpersonNominee, non-executive · joined Oct 2022 · 4 listed boards · 7 committee seats, 2 as chair
  • BALVINDER SINGHIndependent · joined Aug 2026 · reappointed Sep 2026 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • KAZIM RAZA KHANNominee, non-executive · joined Jul 2020 · reappointed Sep 2020 · 2 listed boards · 3 committee seats
  • RAKESH CHATTERJEENon-executive · joined Dec 2020 · reappointed Sep 2021 · 1 listed board · 2 committee seats, 2 as chair
  • JAYASHREE RAMASWAMYNominee, non-executive · joined Oct 2023 · reappointed Dec 2023 · 1 listed board · 6 committee seats, 1 as chair
  • DHEERAJ KUMARNominee, executive · joined Aug 2022 · reappointed Dec 2024 · 1 listed board · 3 committee seats
  • SHARAD GOELNominee, non-executive · joined Mar 2025 · reappointed May 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • MANISH KUMAR AGARWAL, left 25 Dec 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Sep 20266 of 7 present0 independent · 50 days in between
    • 3 Aug 20266 of 6 present0 independent · 79 days in between
    • 15 May 20266 of 6 present0 independent · 31 days in between
    • 13 Apr 20266 of 6 present0 independent

  • Audit Committee

    Chair BALVINDER SINGH

    NAND KISHORE, KAZIM RAZA KHAN, DHEERAJ KUMAR, JAYASHREE RAMASWAMY

    • 23 Sep 20264 of 5 present1 independent · 50 days in between
    • 3 Aug 20264 of 4 present0 independent · 79 days in between
    • 15 May 20264 of 4 present0 independent

  • Nomination and remuneration committee

    Chair BALVINDER SINGH

    KAZIM RAZA KHAN, NAND KISHORE, RAKESH CHATTERJEE

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair RAKESH CHATTERJEE

    KAZIM RAZA KHAN, JAYASHREE RAMASWAMY, BALVINDER SINGH

    • 15 May 20263 of 3 present0 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • N M Raiji & Co.Peer-review certificate valid to Jan 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Noida Toll Bridge Company AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Noida Toll Bridge Company dividend history

Annual general meeting, 21 Sep 2026

61,841 shareholders on the register on 11 Sep 2026; present: 1 promoter and 157 others; votes counted by Sanjay Kumar / Kumar Wadhwa & Company.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Financial Statements of the Company ( including Consolidated Financial Statements) for the financial year ended March 31, 2026
    Ordinary
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 74.57%

    Turnout: all 26.94% · promoters 100.00% · institutions 0.00% · other public 0.78%

  2. To appoint a Director in place of Ms. Jayashree Ramaswamy (DIN 02235205), who retires by rotation and, being eligible, offers herself for re-appointment.
    Ordinary
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 74.66%

    Turnout: all 26.94% · promoters 100.00% · institutions 0.00% · other public 0.78%

  3. Ratification of Remuneration of Statutory Auditors of the Company
    Ordinary
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 74.62%

    Turnout: all 26.94% · promoters 100.00% · institutions 0.00% · other public 0.78%

  4. To appoint Mr. Balvinder Singh (DIN: 03372237) as an Independent Director
    Special
    98.43% for1.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 74.66%

    Turnout: all 26.94% · promoters 100.00% · institutions 0.00% · other public 0.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Jan 2026, 1 resolution

59,343 shareholders on the register on 12 Dec 2025; votes counted by SANJAY KUMAR / KUMAR WADHWA & COMPANY.The company's voting result (opens in a new tab)

  1. Remuneration of Mr. Dheeraj Kumar (DIN: 07046151) as Whole Time Director Designated as Executive Director & Chief Executive Officer
    Ordinary
    87.61% for12.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 93.99%

    Turnout: all 30.37% · promoters 100.00% · institutions 0.00% · other public 5.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Sep 2025, 3 resolutions

59,778 shareholders on the register on 12 Sep 2025; present: 1 promoter and 129 others; votes counted by Sanjay Kumar / Kumar Wadhwa & Company.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Financial Statements of the Company ( including Consolidated Financial Statements) for the financial year ended March 31, 2025
    Ordinary
    93.06% for6.94% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.85%

    Turnout: all 57.33% · promoters 100.00% · institutions 0.00% · other public 42.41%

  2. To appoint a Director in place of Mr. Kazim Raza Khan (DIN 05188955), who retires by rotation and, being eligible, offers himself for re-appointment
    Ordinary
    98.77% for1.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.28%

    Turnout: all 57.33% · promoters 100.00% · institutions 0.00% · other public 42.41%

  3. To appoint Secretarial Auditor of the Company
    Ordinary
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.80%

    Turnout: all 57.33% · promoters 100.00% · institutions 0.00% · other public 42.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 May 2025, 1 resolution

59,598 shareholders on the register on 8 Apr 2025; votes counted by SANJAY KUMAR / KUMAR WADHWA & COMPANY.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sharad Goel (DIN : 08310230) as a Non-executive Nominee Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.30%

    Turnout: all 29.11% · promoters 100.00% · institutions 0.00% · other public 3.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Nov 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. DHEERAJ KUMAR (DIN: 07046151) AS WHOLE TIME DIRECTOR DESIGNATED AS CHIEF EXECUTIVE OFFICER & EXECUTIVE DIRECTOR
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.01%

    Turnout: all 26.53% · promoters 100.00% · institutions 0.00% · other public 0.22%

  2. REMUNERATION OF MR. DHEERAJ KUMAR (DIN: 07046151) AS WHOLE-TIME DIRECTOR DESIGNATED CHIEF EXECUTIVE OFFICER & EXECUTIVE DIRECTOR:
    Ordinary
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.46%

    Turnout: all 26.53% · promoters 100.00% · institutions 0.00% · other public 0.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 17 Sep 2024, 3 resolutions

Present: 136 promoters and 0 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Financial Statements of the company ( including consolidated Financial Statements ) for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.89% · promoters 100.00% · institutions 0.00% · other public 40.44%

  2. To receive, consider and adopt Audited Financial Statements of the company ( including consolidated Financial Statements ) for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.89% · promoters 100.00% · institutions 0.00% · other public 40.44%

  3. To receive, consider and adopt Audited Financial Statements of the company ( including consolidated Financial Statements ) for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.89% · promoters 100.00% · institutions 0.00% · other public 40.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Dec 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Jayashree Ramaswamy (DIN 02235205) as Nominee Director
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.95%

    Turnout: all 26.89% · promoters 100.00% · institutions 0.00% · other public 0.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 3 resolutions

Present: 0 promoters and 0 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Audited Financial Statements of the company ( including consolidated Financial Statements ) for the financial year ended March 31, 2023.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 27.90% · promoters 100.00% · institutions 0.00% · other public 2.11%

  2. To appoint a director in place of Mr. Manish Kumar Agarwal (DIN 02885603), who retires by rotation and , being eligible , offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.95%

    Turnout: all 27.90% · promoters 100.00% · institutions 0.00% · other public 2.11%

  3. To enter into a contract/ agreement with ITNL Toll Management Services Limited- a subsidiary of the company.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 27.90% · promoters 100.00% · institutions 0.00% · other public 2.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake heldITNL TOLL MANAGEMENT SERVICES LIMITEDSince 22 Jun 2007

    0.00% bought in the quarter; holding 51.00%, from 51.00%

  • Fine or penaltyNational Stock Exchange of IndiaSince 14 May 2026

    levied a fine of Rs. 6000/-

    Non - Compliance under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Tax disputeCIT (Appeals), DelhiSince 27 Dec 2019
    OCE on merits for AY 2014-15 had ben passed by the Assessing officer on 15.09.2025, giving effect to the order of the Hon'ble CIT(A)'s order as passed in appeal filed against order passed by the AO post ITAT's order. Further, the addition as upheld by the CIT(A) in his order dated 02.07.2025 in respect of treatment of lease rental income as business income has been challenged by the company before the ITAT. Appeals in this respect for the AYs 2012-13, 2013-14 and 2014-15 have been filed before the ITAT on 01.09.2025. The appeal before the ITAT were fixed for hearing for 18.03.2026 & 16.04.2026, 28.05.2026 & 06.10.2026. On the said that, the matter was adjourned . The next date of hearing is 14.12.2026.MoreLess
    At the filing before: OCE on merits for AY 2014-15 had ben passed by the Assessing officer on 15.09.2025, giving effect to the order of the Hon'ble CIT(A)'s order as passed in appeal filed against order passed by the AO post ITAT's order. Further, the addition as upheld by the CIT(A) in his order dated 02.07.2025 in respect of treatment of lease rental income as business income has been challenged by the company before the ITAT. Appeals in this respect for the AYs 2012-13, 2013-14 and 2014-15 have been filed before the ITAT on 01.09.2025.MoreLess
  • Tax disputeCIT (Appeals), DelhiSince 27 Dec 2019
    Order giving effect to the CIT(A) order has been passed by the Ld. AO on 11.09.2025. Further, the addition as upheld by the CIT(A) in his respective orders dated 04.07.2025 in respect of treatment of lease rental income as business income has been challenged by the Company before the ITAT. Appeals in this respect for the AYs 2016-17 and 2017-18 have been filed before the ITAT on 01.09.2025.MoreLess
    At the filing before: Order of the CIT(A) dated 04.07.2025 has been received by the Company wherein the additions made by the AO on account of (i) designated returns and (ii) surplus leasehold land treated as revenue subsidy have been deleted by the CIT(A) in light of the ITAT orders received in AYs 2006-07 to 2014-15. However, the addition made on account of treatment of lease rental income as business income has been upheld by the CIT(A). The addition sustained has a tax effect of Rs. 23,71,014.MoreLess
  • Tax disputeAssessing OfficerSince 19 Dec 2024
    Order giving effect to the CIT(A) order has been passed by the Ld. AO on 11.09.2025. However, the final amount of tax payable / refundable is yet to be intimated to the company. The Company has received further notices u/s 271D and 271E of the Act requiring it to show cause as to why penalty should not be levied in respect of sections 269SS and 269T of the Act. The response was filed. Notice dated 12-08-2026 were received, in response of the appeal. However, on adjourned application was filed. No further communication has been received.MoreLess
    At the filing before: Order giving effect to the CIT(A) order has been passed by the Ld. AO on 11.09.2025. However, the final amount of tax payable / refundable is yet to be intimated to the company. The Company has received further notices u/s 271D and 271E of the Act requiring it to show cause as to why penalty should not be levied in respect of sections 269SS and 269T of the Act. The response was filed.MoreLess
  • Tax disputeCommissioner of Central Tax (Appeals) NoidaSince 4 Feb 2020
    The next date for personal hearing is yet to be notified.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
No
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.