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 Crs 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 Company has made Annual Interest Payment along with principal amount of Rs 63,01,67,156 (Rupees Sixty Three Crores One lakh Sixty Seven Thousand one Hundred and Fifty Six only) on due date, 28th March, 2023, to the eligible bondholder as per the record date; This may be treated as information submitted to Stock Exchanges of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
The above information is a part of company’s filings submitted to BSE.
