Partner: CA. Naresh Chandra Gelli (Membership No. 201754)
Eligibility Undertaking: Grandhy & Co provided written confirmation that:
The firm is not disqualified under section 141 of the Companies Act, 2013
No unreasonable TA/DA or out-of-pocket expenses will be claimed from the company
The firm or its partners will not accept certain prohibited assignments during audit period and for one year after ceasing to be auditor
No partner/CA employee was held guilty of professional misconduct by ICAI during last year
Audit will not be conducted by unauthorized persons
Regulatory and Compliance Context
Supplementary Audit: Entrusted to Principal Director of Audit, Shipping, Indian Oil Bhavan, 139 Nungambakkam High Road, Chennai-600034 under sections 143(6) & (7) of Companies Act, 2013
Remuneration: To be regulated as per section 142 of Companies Act 2013 and Department of Company Affairs guidelines dated 8th April 1976 and 7th June 1984
Reporting Requirements: Company must intimate revision in audit fees for 2026-27 and item-wise details of all remuneration paid to auditors for other services for 2025-2026
Conditions: Appointment subject to conditions stipulated in Annexure-I available on CAG's website http://care.cag.gov.in/policy/terms.pdf
Approval Process
Current Status: Appointment subject to approval by Board of Directors of Dredging Corporation of India Limited
Future Action: Requisite intimation will be submitted to stock exchanges after board approval
Communication: This intimation submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
