Dredging Corporation of India Discloses Rs55.24Cr in Related Party Transactions for H2FY25

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.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

Source: https://nsearchives.nseindia.com/corporate/DREDGECORP_20052025181241_20250520RELATEDPARTYTRANSACTIONS31032025.pdf