भारत सरकार / Government of India

Daman 06^th July, 2026 15 Ashadha, 1948 (Saka) No. : 46

Union Territory Administration of Union Territory of Dadra and

Nagar Haveli and Daman and Diu

Final Closing Balance Sheet of Electricity Department- Dadra

and Nagar Haveli and Electricity Department- Daman and Diu as

on 01/04/2025

सरकारी राजपत्र

OFFICIAL GAZETTE

संघ प्रदेश दादरा एवं नगर हवेली तथा दमण एवं दीव प्रशासन

U.T. ADMINISTRATION OF DADRA AND NAGAR HAVELI AND

DAMAN AND DIU

असाधारण

EXTRAORDINARY

प्राधिकरण द्वारा प्रकाधित / PUBLISHED BY AUTHORITY

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 2

Notification No.: - DNHDDPCL/01/2022/HR&ADMIN/487

Date :- 02/07/2026

Schedule-A (Part-1)

Final Closing Balance Sheet of Electricity Department- Dadra and Nagar Haveli and Electricity

Department- Daman and Diu as on 01/04/2025

In ₹

Particulars

Note

No.

ED - DNH Part

ED - DD Part

Total being

transferred to

DNHDDPCL

ASSETS

Non-Current Assets

(a) Property, Plant and Equipment

(PPE)

1,21,85,11,720 1,88,18,73,846

3,10,03,85,566

(b)

Capital Work-in-Progress

10,99,51,536

(c)

Intangible Assets

- 2,48,33,279

2,48,33,279

Total Non-Current Assets

1,32,84,63,256 1,90,67,07,125

3,23,51,70,382

Current Assets

(a) Inventories

- 16,96,74,638

16,96,74,638

(b)

Financial Assets

i) Trade Receivables

4,01,60,635

4,77,77,949

8,79,38,583

ii) Cash and Cash Equivalents

84,24,988

39,01,33,290

39,85,58,278

Total Current Assets

4,85,85,623

60,75,85,877

65,61,71,500

TOTAL ASSETS (1+2)

1,37,70,48,879

2,51,42,93,002

3,89,13,41,882

EQUITY AND

LIABILITIES

Other Equity (Reserve &

Surplus)

1,36,64,08,524 2,31,38,53,410

3,68,02,61,934

Total Equity

1,36,64,08,524 2,31,38,53,410

3,68,02,61,934

Liabilities

Non-Current Liabilities

(a) Financial Liabilities

i) Others Financial Liabilities

- 6,52,79,089

6,52,79,089

- 6,52,79,089

6,52,79,089

Current liabilities

(a) Financial Liabilities

i) Trade and Other Payables

Total Amount due of Micro

& Small Enterprises

1,98,723

Total Amount due other than

Micro & Small Enterprises

1,04,41,633

13,36,47,081

14,40,88,714

(b)

Other Current Liability

- 15,13,422

15,13,422

Total Current Liabilities

1,06,40,356

13,51,60,503

14,58,00,859

TOTAL EQUITY AND TOTAL

LIABILITIES (1+2+3)

1,37,70,48,879

2,51,42,93,002

3,89,13,41,882

Final closing balance sheet of the departments are prepared based on audited accounts of the ED-DNH (Electricity

Department, Dadra and Nagar Haveli) and ED-DD (Electricity Department, Daman and Diu) for F.Y. 2024-25

(i.e. period ending 31/03/2025).

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 3

Schedule-A (Part-2)

Supporting Notes to Accounts to Final Closing Balance Sheet as on 01-04-2025

Further, Final closing balance sheet of the Departments are finalised to reflect movement up to the

Transfer Date (i.e. movements from 01-04-2023 to 31-03-2025) based on audited figures as on

31-03-2025. The note wise submissions as on April 01, 2025 are as mentioned below: -

A- DNH Part- Property, Plant and Equipment (PPE)

In ₹

No.

Particulars

GROSS BLOCK

DEPRECIATION

NET

BLOCK

NET

BLOCK

Opening

Bal

Additions

jus

ent

Closing

Bal

Opening

Bal

Additions

Adju

stme

Closing

Bal

Closing

Opening

LAND

52100001

52100006

52100001

BUILDINGS

39651786

15399935

1324370

16724305

22927481

24251851

FURNITURE

2893175

2138635

183138

2321773

571402

754540

IT EQUIPMENT

772035

662211

40942

703153

68882

109824

OFFICE EQUIPMENT

1624577

465655

102836

568491

1056086

1158922

TRANSFORMERS

1098275231

1773540

1100048771

441722940

56611572

498334512

601714259

656552291

LINES &

NETWORKS

1744050059

1162740125

68919843

1231659968

512390091

581309934

OTHER EQUIPMENT

79612800

7652547

87265347

56929646

2652187

59581833

27683514

22683154

Total

3018979664

9426092

3028405756

1680059149

129834887

1809894035

1218511720

1338920515

B- DD Part- Property, Plant and Equipment (PPE)

In ₹

GROSS BLOCK

DEPRECIATION

NET

BLOCK

NET

BLOCK

No.

Particulars

Opening

Bal

Additions

jus

ent

Closing

Bal

Opening

Bal

Additions

Adju

stme

Closing

Bal

Closing

Opening

LAND

248380468

BUILDINGS

241030596

84590681

8050422

92641103

148389493

156439915

FURNITURE

29011540

209470

29221010

14569332

1742419

16311751

12909259

14442208

IT EQUIPMENT

28553203

24368596

1318841

25687437

2865766

4184607

OFFICE EQUIPMENT 47271319

325018

47596337

25157730

2126226

27283956

20312381

22113589

TRANSFORMERS

1472345404

60125592

1532470996

861508158

57916283

919424440

613046556

610837246

LINES &

NETWORKS

1286950363

1130024250

17174369

1147198620

139751743

156926113

OTHER EQUIPMENT 66823094

34168872

100991966

22971897

3528259

26500156

74491810

43851197

SOLAR PROJECTS

1007646449

48530748

1056177197

375753465

58745796

434499261

621677936

631892984

Vehicles

6701926

6561464

92029

6653493

48433

140460

Total

4434714362

143359700

4578074062 2545505572

150694644

2696200216

1881873846

1889208788

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 4

A- DNH Part- Capital Work in Progress:

In ₹

Sr. No.

Description

GROSS BLOCK

Op. Bal.

Additions

Adjustment

Cl. Bal.

Building

Plant & Equipment

10,99,51,536

Software

Total

10,99,51,536

B- DD Part- Capital Work in Progress:

In ₹

Sr. No.

Description

GROSS BLOCK

Op. Bal.

Additions

Adjustment

Cl. Bal.

Building

Plant & Equipment

Software

A- DNH Part- Intangible Assets:

In ₹

Sr.

No.

Description

GROSS BLOCK

DEPRECIATION

NET BLOCK

Op.

Bal.

Additions

Adjustment

Cl.

Bal.

Op.

Bal.

Additions

Adjustment

Cl.

Bal.

Closing

Bal.

Opening

Bal.

Software

- -

Other

Intangible

- -

B- DD Part- Intangible Assets:

In ₹

Sr.

Description

GROSS BLOCK

DEPRECIATION

NET BLOCK

Op. Bal.

Additio

Adjus

tment

Cl. Bal.

Op. Bal.

Additions

Adjus

tment

Cl. Bal.

Closing

Bal.

Opening

Bal.

Software

13,87,29,944 4,91,400

13,92,21,344 10,26,37,122 1,17,50,942

11,43,88,065 2,48,33,279 3,60,92,822

Other

Intangible

- -

Total

2,48,33,279 3,60,92,822

A- DNH Part- Inventories:

(In ₹)

Particulars

Total

Qty.

Amount

Inventory at DNH

200

(Nos. of Item- 21)

B- DD Part- Inventories:

(In ₹)

Particulars

Total

Qty.

Amount

Inventory at DD

111747

16,96,74,638

(Nos. of Item- 474)

Total

16,96,74,638

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 5

A- DNH Part- Trade Receivables:

(In ₹)

Sr.

No.

Debtor Name

Amount

DNHDDPDCL

3,94,41,458

Power Grid Corporation of India Limited

2,36,138

Reliance Industries Limited

4,83,039

Total

4,01,60,635

B- DD Part- Trade Receivables:

(In ₹)

Sr.

No.

Debtor Name

Amount

Past Arrear

10,86,98,879

Permanent Disconnected

48,24,86,281

DNHDDPDCL

4,52,15,412

OIDC

13,56,064

Well-known Polyester Ltd.

12,06,473

DNHDDPDCL- Solar Old Dues

19,15,501

Sub-Total

64,08,78,610

Less- Reserves for Doubtful debts

59,31,00,661

Total

4,77,77,949

A- DNH Part- Cash & Cash Equivalents:

(In ₹)

Particulars

Amount

Balances with Bank

84,24,988

Total

84,24,988

B- DD Part- Cash & Cash Equivalents:

(In ₹)

Particulars

Amount

Balances with Bank

39,01,33,290

Total

39,01,33,290

A- DNH Part- Other Financial Liabilities (Security Deposit Consumers and Others):

(In ₹)

Sr. No.

Particulars

Amount

Consumers

Others

B- DD Part- Other Financial Liabilities (Security Deposit Consumers and Others):

(In ₹)

Sr. No.

Particulars

Amount

Consumers

6,52,79,089

Others

Total

6,52,79,089

* Total security deposit consumers ₹6,52,79,089/- out of this ₹3,97,02,164/- is related to un-identified security

deposit of consumers. The liability towards security deposit- consumers will be payable on due verification of

records at the time of payment to consumers by the Corporation through Electricity Department.

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 6

A- DNH Part- Trade Payables:

(In ₹)

Particulars

Amount

i) Amount due to Micro & Small Enterprise

1,98,723

ii) Payable to Others

56,76,869

Other Payables

iii) Accrued Expenses

46,60,013

iv) Accrued Payroll

1,04,751

Total Amount due other than Micro & Small Enterprises

1,04,41,633

Total (i + ii + iii + iv)

1,06,40,356

B- DD Part- Trade Payables:

(In ₹)

Particulars

Amount

i) Amount due to Micro & Small Enterprise

ii) Payable to Others

6,92,92,283

Other Payables

iii) Accrued Expenses

6,41,54,466

iv) Accrued Payroll

2,00,332

Total Amount due other than Micro & Small Enterprises

13,36,47,081

Total (i + ii + iii + iv)

13,36,47,081

A- DNH Part- Other Current Liability:

(In ₹)

Sr. No.

Particulars

Amount

TDS Payable

GST TDS Payable

B- DD Part- Other Current Liability:

(In ₹)

Sr. No.

Particulars

Amount

TDS Payable

5,71,147

GST TDS Payable

9,42,275

Total

15,13,422

B (i)- Other Current Liabilities which could not be specifically identified and appropriately allocated at the time

of preparation of the merged financial statements have not been considered in the transfer final closing balance

sheet. Such liabilities have been carried forward to the Transferor entity for appropriate identification and

accounting in due course.

DNH Part- Contingent Liability: NIL

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 7

10.

DD Part- Contingent Liability (Read with clause of 3.4 (d) of Policy Directions of notification no.

DNHDDPCL/01/2022/HR&ADMIN/136 dated 28/03/2025):

Sr.

No.

Case Matter

Financial

Implication

Facts of Case

6 MW Solar PV

Project

Fudam

Diu

Petitioner-

Ujaas

Energy

Ltd.

Principal -

₹ 189.16

Lacs

Interest-

₹ 94.98 Lacs

Total-

₹ 284.14

Lacs

(Approx.)

ED-DD has awarded turnkey project to Ujaas Energy Limited, Indore for

setting up 6MW grid connected solar PV project at Fudam, Diu at total

cost of ₹35.92 crore excluding O&M charges for 5 years. ED-DD has

released against the total project cost of ₹34.02 crore and pending amount

kept on hold due to pending capital work. The UEL has filed an appeal

at MSME Facilitation Centre, Bhopal for payment of outstanding amount

along with applicable interest. MSME Facilitation Centre has rejected

the application of UEL due to lack of papers and pass the order in favour

of ED-DD dated 27/01/2021. In furtherance, UEL has again filed an

appeal to MSME facilitation Centre and ED-DD has given a reply to

same on dated 30/06/2023 & 15/02/2024.

Capacity

Charges,

RGGPL

₹ 7,249.41

Lacs

Claim made by M/s Ratnagiri Gas & Power Private Limited (RGPPL).

The RGPPL had stopped the generation and supply of power since

October-2013 on account of minimum technical requirement load as the

principal beneficiary (95% beneficiary of installed capacity) of the said

power plant i.e. Maharashtra was not scheduling the power. Accordingly,

the non-supply of the power as per the terms of Purchase Power

Agreement (PPA) is solely on account of reason attributable to RGPPL,

hence, the ED-DD is not liable to make any payment to RGPPL. RGPPL

has also not initiated / taken any litigation in the said matter before any

authority as per the agreed terms of the PPA.

Settled

3 MW Solar PV

Project

Fudam,

Diu

Petition-

BHEL,

Bangalore.

---

ED-DD has awarded contract to M/s BHEL for EPC and O&M of 3 MW

at Fudam, Diu. The plant got damaged due to cyclone in the month of

May, 2021. ED-DD has requested to carryout damage assessment survey

and restoration of plant. However, BHEL has not carried out any survey

nor restoration work. BHEL unilaterally closed the contract without

fulfilment of closing of contract obligations as per the agreement.

Accordingly, ED-DD revoked performance guarantee to partially fulfil

the losses incurred due to the above damages and Net Minimum

Guaranteed Generation short fall. In against of this, BHEL has filed an

appeal on 13/12/2021 at Addl. City Civil and Sessions Judge Court,

Bengaluru and case was dismissed on 14/02/2024 in favour of ED-DD.

Therefore, the said case is not considered in the Contingent Liability. If

the BHEL will take legal action in future in any way related to this matter

then the same will be considered as part of Contingent Liability.

For, Somani Shah & Associates

Chartered Accountants

FRN. 136844W

Sd/–

(ALPESH SHAH)

Partner

M.N. 156053

Place: Daman

Date: 28^th April, 2026

UDIN: 26156053TGUIZA1790

By order and in the name of the

Administration of the Union Territory of

Dadra and Nagar Haveli and Daman and Diu

SD/-

Executive Engineer

Electricity Department

Dadra and Nagar Haveli

SD/-

Executive Engineer

Electricity Department

Daman and Diu

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 8

Schedule-B

Consideration Adjustment

The consideration for the Net Asset Value (NAV) of the Electricity Department of Dadra and Nagar Haveli (ED-

DNH) and the Electricity Department of Daman and Diu (ED-DD) shall be discharged through the issuance of

Equity Shares by the DNH and DD Power Corporation Limited (the Corporation) to the Government of India

(represented by the President of India).

Valuation and Pricing

The number of Equity Shares to be issued shall be determined based on a Valuation Report as of March 31, 2025,

prepared by an IBBI Registered Valuer.

•

Share Price: Shares shall be issued at Fair Market Value (FMV).

•

Structure: Each share will have a Face Value of ₹100 and the excess of the FMV over the Face Value

shall be credited to the Securities Premium Account.

Net Asset Value (NAV) Calculation

The NAV, as per Schedule-A (Part-1), is summarized below:

(In ₹)

Particulars

ED-DNH

ED-DD

Total

Total Assets (A)

1,37,70,48,879

2,51,42,93,002

3,89,13,41,882

Total Non-Current Liabilities (B)

6,52,79,089

Total Current Liabilities (C)

1,06,40,356

13,51,60,503

14,58,00,859

Net Assets Value (A - B - C)

1,36,64,08,524

2,31,38,53,410

3,68,02,61,934

Total Net Asset Value: ₹3,68,02,61,934 (₹Three Hundred Sixty-Eight Crores Two Lakh Sixty-One Thousand and

Nine Hundred Thirty-Four only).

Share Issuance Mechanics

Authorized Share Capital:

The Corporation shall ensure it has sufficient Authorized Share Capital registered with the Registrar of Companies

(ROC) to facilitate this issuance. If the current authorized limit is insufficient, the Corporation shall take necessary

steps to increase it prior to the allotment.

Issuance Formula: The exact number of shares to be allotted shall be calculated using the following formula:

Total Net Assets Value (NAV)

Fair Market Value per Equity Share (as per Valuation Report as on 31^st March, 2025)

EXTRAORDINARY No. 46 THE GAZETTE OF DNH & DD

Page 10

Schedule-C

Residual Balance Sheet of Electricity Department Dadra and Nagar Haveli and Electricity Department

Daman and Diu as on 01/04/2025

(In ₹)

Particulars

ED - DNH

Part

ED - DD Part

Total

ASSETS

Non-Current Assets

(a)

Property, Plant and Equipment (PPE)

(b)

Intangible Assets

Total Non-Current Assets

Current Assets

(a)

Inventories

(b)

Financial Assets

i) Trade Receivables

ii) Cash and Cash Equivalents

6,26,31,987

(c)

Other Current Assets

i) Contra Balances for Excluded

Labilities

1,10,45,993

6,28,35,340

7,38,81,333

Total Current Assets

1,10,45,993

12,54,67,327

13,65,13,320

TOTAL ASSETS (1+2)

1,10,45,993

12,54,67,327

13,65,13,320

EQUITY AND LIABILITIES

Other Equity

Total Equity

Liabilities

Non-Current Liabilities

(a)

Financial Liabilities

Total Non-Current Liabilities

Current liabilities

(a)

Financial Liabilities

i) Trade and Other Payables

1,10,45,993

12,54,67,327

13,65,13,320

(b)

Other Current Liability

Total Current Liabilities

1,10,45,993

12,54,67,327

13,65,13,320

TOTAL LIABILITIES (3+4+5)

1,10,45,993

12,54,67,327

13,65,13,320

For, Somani Shah & Associates

Chartered Accountants

FRN. 136844W

Sd/–

(ALPESH SHAH)

Partner

M.N. 156053

Place: Daman

Date: 28^th April, 2026

UDIN: 26156053TGUIZA1790

By order and in the name of the

Administration of the Union Territory of

Dadra and Nagar Haveli and Daman and Diu

***

Published by : e-gazette, Department of Planning & Statistics, DNH & DD.

SD/-

Executive Engineer

Electricity Department

Dadra and Nagar Haveli

SD/-

Executive Engineer

Electricity Department

Daman and Diu