Dredging Corporation of India Limited has informed the Exchange about related Party Transactions for the quarter ended 31.03.2026
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Dredging Corporation of India Limited has disclosed its related party transactions for the second half of FY 2025-26 (ending 31 March 2026) as required under SEBI LODR Regulation 23(9). All transactions involve the company selling goods and services to four Major Port Authorities (Promoter entities) - Paradeep Port Authority, Jawaharlal Nehru Port Authority, Deendayal Port Authority, and Visakhapatnam Port Authority. The total transaction value during the reporting period was Rs 14,700.49 lakhs (approximately Rs 147 crore). Paradeep Port Authority had the highest transaction value at Rs 6,147.31 lakhs. All these transactions were approved under omnibus approval by the Audit Committee at the beginning of the financial year.
This is a routine compliance filing confirming that all related party transactions were conducted at arm's length with government-owned port authorities. The concentration of revenue with these promoter entities indicates heavy dependence on central government port dredging contracts, which provides stability but limited diversification.