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DREDGING CORPORATION OF INDIA LIMITED S´>o{O§J H$m°anmoaoeZ Am°\$ B§{S>`m {b{_Qo>S> Forging New Depths of Progress 50 Years Strong. Future Ready. Annual Report 2025-26 Contents For five decades, we have moved in step with India’s maritime journey—shaping navigable channels, supporting ports and enabling the infrastructure that keeps trade and connectivity flowing. From our beginnings as a specialised dredging organisation, we have evolved into a comprehensive dredging and allied marine services provider, building capabilities that serve the 02-19 153-206 changing needs of India’s maritime landscape. Corporate Overview Financial Statements Our Golden Jubilee marks more than a milestone. Forging New Depths of Progress captures this It is a moment to reflect on the strength of our journey. It reflects our commitment to build on 02 About us 153 Independent Auditors’ Report Scan QR code to see this legacy and look ahead with renewed purpose. The what we have achieved, deepen our capabilities 04 Financial Highlights 166 Balance Sheet annual report online maritime sector is entering a new era, shaped by and venture into new frontiers of opportunity. 50 06 Chairman’s Message 167 Statement of Profit and Loss expanding trade, modern ports, deeper waterways, Years Strong. Future Ready. Together, these ideas technological advancement and growing express who we are today and the ambition with 10 Key Offerings 168 Statement of Cash Flows expectations for efficiency and resilience. which we are shaping tomorrow. 12 50 Years of Dredging Excellence 170 Statement of Changes in Equitya As we move forward, we remain anchored in 14 Strengthening Our 171 Notes to the Financial Statements experience, driven by innovation and ready Dredging Capabilities To know more about us to create new depths of progress for India’s 16 Board of Directors visit our website: maritime future. http://www.dredge-india.com 18 Corporate Information 19 Decade at a Glance 20-152 Statutory Reports 20 Notice 32 Board’s Report 55 Business Responsibility & Sustainability Reporting 101 Management Discussion and Analysis 119 Corporate Governance Report Forward-looking statements Some information in this report may contain forward-looking statements which include statements regarding Company’s expected financial position and results of operations, business plans and prospects etc. and are generally identified by forward-looking words such as “believe,” “plan,” “anticipate,” “continue,” “estimate,” “expect,” “may,” “will” or other similar words. Forward-looking statements are dependent on assumptions or basis underlying such statements. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution that actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. DDrreeddggiinngg CCoorrppoorraattiioonn ooff IInnddiiaa LLiimmiitteedd AAnnnnuuaall RReeppoorrtt 22002255--2266 CCoorrppoorraattee OOvveerrvviieeww SSttaattuuttoorryy R Reeppoorrttss FFiinnaanncciiaall S Sttaatteemmeennttss About us Established in March 1976, Dredging Corporation of India Limited (DCI) has been an integral part of India’s maritime infrastructure journey for five decades. From its early role in meeting the dredging requirements of major ports, we have evolved into a comprehensive Vision Mission Objectives provider of integrated dredging and allied marine services, supporting the development, expansion and efficient functioning of To become a global player To provide value addition To establish ourselves as a in integrated dredging to our stakeholders through comprehensive provider of India’s maritime infrastructure. services by maintaining high holistic, innovative and holistic dredging solutions for the country’s ports, including project professional standards with environmentally sustainable management consultancy specialist knowledge of solutions in the fields of: environment-friendly dredging Our services extend across A significant milestone in our journey FY2025 26 marked our Golden Jubilee, To set up Joint Venture maintenance and capital dredging, came in March 2019, when the commemorating 50 years of service techniques, an innovative Dredging and Companies/forging strategic land reclamation, beach nourishment, Government of India disinvested to India’s maritime sector. Today, approach and focus on health, reclamation alliances with Indian/international safety and cost efficiency. companies, to carve out a niche in inland and shallow water dredging 73.48% of its equity shareholding, we undertake nearly 80% of India’s the maritime world and project management consultancy. along with management control, in maintenance dredging operations, Marine We serve a diverse range of customers, favour of a consortium comprising reflecting the scale of our presence Construction To generate on a continuous basis including major and non-major Visakhapatnam Port Authority, and capabilities in the sector. As we reliable geotechnical data with ports, the Indian Navy, shipyards, Jawaharlal Nehru Port Authority, Paradip enter the next phase of our journey, we Marine in-house expertise and/or tie up fishing harbours and other maritime Port Authority and Deendayal Port remain focused on delivering reliable, services with premier institutes to build organisations. During FY2025 26, we Authority. This strategic disinvestment efficient and technologically advanced and maintain optimised navigation undertook projects across key maritime established a new institutional dredging and allied marine services Shallow water/ channels to the ports locations such as Kolkata, Paradip, framework for DCI and strengthened while supporting the development of inland dredging Visakhapatnam, Cochin, Mumbai, its association with the country’s major India’s ports, waterways and broader To make forays into the inland Jawaharlal Nehru Port and Deendayal port ecosystem. maritime infrastructure. Underwater and shallow water dredging and Port, while also expanding our presence mining underwater mining across inland waterways. Project To work towards sustainability, Our operational strength is supported innovation and collaboration consultancy by a specialised dredging fleet to ensure the satisfaction of all comprising 10 Trailer Suction Hopper stakeholders by conducting Dredgers, one Cutter Suction business with the highest Dredger, one Back Hoe Dredger personal and professional, and one Inland Cutter Suction ethical and moral standards Dredger, along with ancillary marine through the implementation of craft. This fleet, combined with our e-governance and in accordance technical capabilities and experienced with all applicable laws, rules, workforce, enables us to undertake regulations and procedures diverse dredging requirements across varying depths, geographies and operating conditions. 0022 0033 DDrreeddggiinngg CCoorrppoorraattiioonn ooff IInnddiiaa LLiimmiitteedd AAnnnnuuaall RReeppoorrtt 22002255--2266 CCoorrppoorraattee OOvveerrvviieeww SSttaattuuttoorryy R Reeppoorrttss FFiinnaanncciiaall S Sttaatteemmeennttss Financial Highlights Total Income (INR Lakhs) Profit After Tax (INR Lakhs) Net Profit Margin (%) Earnings per Share (₹) FY26 1,21,410 FY26 475 FY26 0.39 FY26 5.28 FY25 114,797 FY25 -2,746 FY25 -2.39 FY25 -12.07 FY24 94,881 FY24 3,318 FY24 3.50 FY24 11.38 FY23 116,825 FY23 -19,620 FY23 -16.79 FY23 -69.13 FY22 80,347 FY22 357 FY22 0.44 FY22 1.9 Profit Before Tax (INR Lakhs) Gross Block (INR Lakhs) Turnover vs Expenses (%) Expenditure Breakup (%) Shareholding Pattern (%) FY26 658 FY26 3,74,704 FY25 -2,609 FY25 3,60,042 FY26 (%) FY26 (%) % Equity FY24 3,502 FY24 3,53,605 FY23 -19,492 FY23 3,48,762 FY22 477 FY22 3,38,746 Operating Expenses 79.55 Salaries & Wage [Showing first 8,000 characters — download PDF for full document]