Chairman’s Message

Dear Stakeholders,

This year marks 25 years of DND operations - a flyway that has helped millions of commuters bridge the gap between their Aspirations and Achievements with every journey.

For a quarter century, DND has stood as more than a landmark bridge across the Yamuna. It has symbolized movement, opportunity and progress.

On this significant milestone, I extend my heartfelt gratitude to each one of you for being part of this journey.

The Flyway was designed with a scale, engineering approach and long-term utility that continues to efficiently serve the mobility requirements of the region even after 25 years.

Our journey, however, has not been without challenges. Unexpected developments over the years impacted the economics of the project and tested the resilience of all stakeholders.

These experiences also offered valuable lessons and we believe they will contribute towards stronger frameworks for future infrastructure partnerships.

Despite these challenges, the commitment of Company towards maintaining DND Flyway at the highest standards has remained firm.

The Company continues to prioritize commuter safety, ride quality, structural upkeep and operational reliability. Over the last few years, especially as the bridge ages, NTBCL has proactively and consistently undertaken strengthening and other critical maintenance initiatives to ensure that DND continues to remain among the most preferred connectors between Delhi and Noida.

These sustained efforts reflect the Company’s long-standing commitment to preserving the quality, reliability and operational excellence of this vital urban mobility corridor.

The NCR is witnessing unprecedented expansion in connectivity infrastructure - including expressway integrations, multimodal transport corridors, regional mobility upgrades and enhanced connectivity toward emerging economic hubs - that will reshape commuter movement in the region in coming years.

In this evolving mobility ecosystem, DND is uniquely positioned to remain an important urban artery linking communities, businesses and growth centers across NCR.

To our valued shareholders, we wish to assure you that the Board and the management have always remained attentive to your concerns, suggestions and feedback over the years.

Every query, proposal, suggestion shared by our shareholders is viewed, not merely as an observation, but as an opportunity for introspection and evaluation - prompting us to continuously examine whether additional measures, strategic initiatives or operational improvements could be undertaken to enhance long-term value and improve returns on your investment in the Company.

While certain regulatory and contractual constraints have limited the range of options available to us at different stages of the Company’s journey, our commitment to contribute as an efficient infrastructure firm connecting India remains unwavering.

We continue to evaluate all viable possibilities with prudence and responsibility, while remaining focused on safeguarding the Company’s long-term interests and creating sustainable value for our stakeholders as we move forward.

Once again, on behalf of the Board, I thank you for your enduring trust, confidence and support over these 25 years.