Found a bug or want a feature? Verified reports earn free credits.
Log inSign up
Back to alerts
DREDGECORPNSEDredging Corporation of India Limited· Engineering ServicesHighNeutral
Announced Mon, 6 Jul, 2026 · 15:43 IST

DCI seeks shareholder nod for appointment of new Chairman via Postal Ballot

Management Changes View source PDFExplain this filing

DREDGECORP · price

Loading chart…

▲ 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
-2.0%Reaction day
₹1078.90
prior close
₹1072.50
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.3% vs market
Services peers, median of 311sector · sector level-0.6%-1.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.5 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
5m
-0.4
10m
-0.3
15m
-0.9
30m
-1.0
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-2.0-0.7-1.3-0.6-1.5
Next day
-4.7-2.7-2.0-2.1-2.6
2d
-2.3-0.8-1.4-1.8-0.5
3d
-2.6+0.5-3.1-1.4-1.2
4d
-3.6+0.7-4.3-0.7-2.9
5d
-5.1-0.3-4.8-1.8-3.4
1w
-5.1-0.2-4.9-1.5-3.6
15d
-1.3-1.7+0.4-3.1+1.8
1m
-1.0+2.7-3.7-1.1+0.1
2m
-2.1+4.8-6.9-2.5+0.4
3m
-13.8+3.2-17.0-5.0-8.8
UpDownMarket · Nifty Microcap 250Sector · Services peers, median of 311Pending

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

AI summary

Dredging Corporation of India has issued a Postal Ballot Notice seeking shareholder approval for appointing Shri Jasmeet Singh Bindra, IRTS (DIN: 07231249) as Director and Chairman of the Company, effective 9 June 2026. He is a 1996 batch IRTS officer with B.Tech, MBA, MPA qualifications and around three decades of experience in Indian Railways and the Government of India. The Board approved his appointment on 23 May 2026. He is classified as a Promoter, Non-Executive and Non-Independent Director and holds no shares in DCI. Remote e-voting runs from 8 July to 7 August 2026, with results expected by 9 August 2026.

Likely market impact

Routine procedural step to regularize government-nominated Chairman appointment. No material financial impact expected for shareholders.