Dredging Corporation of India Limited has informed the Exchange about related Party Transactions
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Dredging Corporation of India (DCI) has filed its mandatory half-yearly disclosure of related party transactions with its four promoter port authorities — Visakhapatnam Port Authority, Paradeep Port Authority, Jawaharlal Nehru Port Authority, and Deendayal Port Authority — for the six months ended 31 March 2025. All four transactions relate to the sale of dredging goods and services, reflecting DCI's core business with government-owned port clients. The total value of transactions during the reporting period was Rs 23,584.24 lakhs (~Rs 235.84 crore), while the audit committee had pre-approved Rs 12,738.65 lakhs (~Rs 127.39 crore) in omnibus approval at the start of the financial year. The opening balance of receivables stood at Rs 55,242.20 lakhs (~Rs 552.42 crore), indicating large outstanding dues owed to DCI by the port authorities. The disclosure was signed off by Company Secretary P. Chandra Kalabhinetri and is filed under SEBI (LODR) Regulations, 2015.
This is a routine regulatory compliance filing and not a new business event. The data, however, highlights DCI's heavy dependence on promoter port authorities as customers and the sizeable receivables (~Rs 552 crore opening) that remain locked with government entities, which is a key working capital concern for shareholders.