DCI appoints Shri Jasmeet Singh Bindra, IRTS as new Chairman

Ceo Appointed ExternalManagement Changes View source PDF Explain this filing

DREDGECORP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.7%Reaction day

₹1149.00

prior close

₹1144.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-4.3% vs market

Services peers, median of 310sector · sector level-0.6%-5.1% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 5.1 pts less than its Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-2.2

15m

-2.2

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.7-1.4-4.3-0.6-5.1

Next day

-9.5-2.5-6.9-1.3-8.2

-4.4+0.4-4.8-0.5-4.0

-4.3+2.2-6.4+0.4-4.6

-5.4+2.7-8.1+0.5-5.8

-2.4+3.9-6.3+0.7-3.1

-1.2+5.2-6.4+0.8-2.0

15d

-4.0+6.5-10.5+0.0-4.0

-8.5+6.9-15.4-0.5-8.0

-7.4+9.1-16.5-0.4-7.0

-10.4+11.6-22.0-2.5-7.9

UpDownMarket · Nifty Microcap 250Sector · Services peers, median of 310Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dredging Corporation of India has appointed Shri Jasmeet Singh Bindra, IRTS as Additional Director and Chairman, effective June 9, 2026. He is a 1996-batch IRTS officer currently serving as Chairman of Visakhapatnam Port Authority. He replaces Dr. M. Angamuthu, who ceased as Director and Chairman on May 20, 2026. His appointment is subject to shareholder approval via postal ballot within three months. He holds no shares in DCI.

Likely market impact

Leadership change at DCI; new Chairman is a senior government appointee bringing around 30 years of experience in transportation and infrastructure.