Dredging Corporation of India Limited has officially signed a Memorandum of Understanding with Colombo Dockyard PLC, establishing a comprehensive strategic partnership for maritime operations. The agreement was announced through an official press release under Regulation 30, marking a significant milestone in India-Sri Lanka maritime cooperation.

Strategic Partnership Framework

The MOU brings together DCIL's extensive dredging fleet and operational expertise with Colombo Dockyard's world-class ship repair and shipbuilding infrastructure. The collaboration aims to deliver high-quality, cost-effective, and timely solutions across multiple maritime services.

Leadership Perspectives

Captain S Divakar, Managing Director & CEO of DCIL, emphasized the partnership's strategic importance: "This MoU reflects our commitment to operational excellence, fleet modernization, and expanding regional partnerships. By collaborating with Colombo Dockyard, we aim to enhance the lifecycle efficiency of our fleet while exploring new opportunities in shipbuilding and offshore support vessels."

Thimira S Godakumbura, Managing Director & CEO of CDPLC, highlighted the collaboration's regional significance: "We are proud to partner with DCIL, a leader in dredging operations. This collaboration reinforces our position as a preferred maritime service provider in South Asia and opens new avenues for technological exchange and sustainable growth."

Key Operational Areas

The strategic alliance encompasses several critical maritime operations designed to strengthen both companies' market positions and operational capabilities.

Distinguished Ceremony

The MOU signing ceremony featured prominent dignitaries, including His Excellency Santhosh Jha, High Commissioner of India to Sri Lanka, Captain Jagmohan, Chairman & Managing Director of Mazagon Dock Shipbuilders Limited, and other senior officials from both countries' maritime sectors.

Strategic Impact

This partnership represents a significant expansion of DCIL's operational footprint into the Sri Lankan maritime market while strengthening regional maritime ties between India and Sri Lanka. The collaboration is expected to contribute substantially to building a resilient and sustainable maritime ecosystem in South Asia, leveraging both companies' complementary strengths and infrastructure capabilities.

Dredging Corporation of India Limited has announced the successful completion of its postal ballot process, with shareholders approving all five proposed resolutions with overwhelming support. The company disclosed the voting results in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015, following the conclusion of the remote e-voting process on 31/03/2026.

Postal Ballot Process and Timeline

The remote e-voting facility was made available to eligible shareholders from 02/03/2026 at 09:00 hours to 31/03/2026 at 17:00 hours. The cut-off date for determining eligible shareholders was set as 20/02/2026, in accordance with the provisions of Section 108 of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014.

The scrutinizer's report, prepared by M/s Agarwal S. & Associates, Practicing Company Secretaries, confirmed the fair and transparent conduct of the voting process. The scrutinization was witnessed by two independent witnesses, Mr. Ravi Agrawal and Ms. Shweta Jain, who are not employed by the company or National Securities Depository Limited (NSDL).

Approved Resolutions and Voting Results

All five resolutions presented to shareholders received approval with remarkable consistency, achieving approximately 99.99% support across all items:

Strategic Port Authority Partnerships

The approval of material related party transactions with four major port authorities represents a significant strategic development for the company. The resolutions cover partnerships with:

• Visakhapatnam Port Authority: Approved with participation from 197 voters
• Paradip Port Authority: Secured approval from the shareholder base
• Jawaharlal Nehru Port Authority: Received overwhelming support
• Deendayal Port Authority: Approved with strong consensus

These approvals enable the company to formalize and expand its business relationships with key port infrastructure entities across India's coastline.

Corporate Governance and Compliance

The postal ballot process demonstrates the company's commitment to regulatory compliance and transparent corporate governance. The voting was conducted in accordance with:

• Section 108 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI (LODR) Regulations, 2015
• MCA Circulars including General Circular No. 03/2025 dated September 22, 2025

The company's disclosure to both BSE (Scrip code: 523618) and NSE (Symbol: DREDGECORP) ensures full transparency with the investment community and regulatory authorities.

Capital Structure Enhancement

The fifth resolution regarding the alteration of the capital clause in the company's Memorandum of Association received the highest number of total votes at 21809184, with 198 voters participating. This resolution, approved with 99.99% support, positions the company for potential future capital structure optimization and growth initiatives.