Dredging Corporation Of India Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018


1. The Company is engaged in the business of dredging and therefore, has only one reportable segment in accordance with IND AS 108 “Operating Segments”

2. The financial results for the quarter ended December 31, 2018 have been reviewed by the Statutory Auditors as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

3. The details of foreign exchange loss/gain for the period is as under:


Period Capitalised to cost of Vessels Included in income

For the quarter ended 31-12-2018 (3202) lakhs (gain) 31 lakhs(loss)

For the quarter ended 31-12-2017 596 lakhs (gain) 42 lakhs(loss)

For the Nine months ended 31-12-2017 7603 lakhs(loss) 69 lakhs(loss)

For the Nine months ended 31-12-2018 (6) lakhs(gain) 4 lakhs(loss)

4. The above financial results were reviewed by the Audit Committee at its meeting held on 01-02-2019 and have taken record by the Board of Directors at its meeting held on 01-02-2019.

5. Figures of the previous years have been regrouped / reclassified where ever necessary.

By Order of the Board

For Dredging Corporation of India Ltd

Place: Ahmedabad (Rajesh Tripathi)

Date: 01/02/2019. Chairman and Managing Director.