Pursuant to Regulation 32 (1) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Dredging Corporation Of India has confirmed that the proceeds of the issue of the Tax free bonds (Non-Convertible debt securities) issued by the Company in the year 2013 amounting 58.88 Cr. have been solely and fully utilized for the objects stated in the offer documents and that there is no material deviation in the use of the proceeds of the issue of the said Tax free bonds (Non-Convertible debt securities) from the objects stated in the offer documents.
The above information is a part of company’s filings submitted to BSE.