Dredging Corporation of India Discloses Rs55.24Cr in Related Party Transactions for H2FY25
By Ankur Chandra | Updated at: May 31, 2025 10:43 PM IST
VISAKHAPATNAM | May 20, 2025 — Dredging Corporation of India Limited (BSE: 523618, NSE: DREDGECORP) has disclosed related party transactions amounting to ₹55.24 crore for the six-month period ending March 31, 2025. This disclosure is in line with the requirements set out under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Key Transactions with Promoter Entities – H2FY25
The transactions pertained primarily to the sale of goods and services to promoter entities, i.e., various major port authorities. The details are summarized below:
| Counterparty | Relationship | Nature of Transaction | Transaction Value (₹ in lakhs) | Opening Balance | Closing Balance |
|---|---|---|---|---|---|
| Visakhapatnam Port Authority | Promoter | Sale of Goods and Services | 1,397.78 | 1,031.10 | 496.32 |
| Paradeep Port Authority | Promoter | Sale of Goods and Services | 8,984.32 | 17,735.14 | — |
| Jawaharlal Nehru Port Authority | Promoter | Sale of Goods and Services | 11,340.87 | 30,582.81 | 11,689.06 |
| Deendayal Port Authority | Promoter | Sale of Goods and Services | 2,414.54 | 5,893.15 | — |
Total transaction value: ₹23,584.24 lakh
Total opening balance: ₹55,242.20 lakh
Total closing balance: ₹12,738.65 lakh
(All figures are in lakhs)
It is noteworthy that no loans, advances, inter-corporate deposits, or other forms of financial indebtedness were recorded in relation to these transactions.
Governance and Regulatory Compliance
All related party transactions were conducted under omnibus approvals granted by the Audit Committee at the beginning of the financial year. This ensures full compliance with SEBI regulations and reinforces the company’s commitment to transparent corporate governance practices.
About Dredging Corporation of India Limited
Based in Visakhapatnam, Dredging Corporation of India Ltd (DCI) operates under the administrative jurisdiction of the Ministry of Ports, Shipping, and Waterways. The company is engaged in both capital and maintenance dredging, primarily servicing India’s major ports and contributing to critical maritime infrastructure development.
Business Outlook
With sustained engagement across key port authorities, DCI continues to build a reliable stream of recurring revenue. These long-term partnerships with promoter entities not only enhance the company’s business visibility but also support stable and predictable cash flows going forward.
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Source: https://nsearchives.nseindia.com/corporate/DREDGECORP_20052025181241_20250520RELATEDPARTYTRANSACTIONS31032025.pdf
