Dredging Corporation of India Limited has informed the Exchange regarding Notice of Postal Ballot - Appointment of Capt S Divakar, Chief general Manager as MD & CEO (A/c) w.e.f 16.10.2025-reg
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Dredging Corporation of India has issued a postal ballot notice seeking shareholder approval for the appointment of Capt S Divakar as Managing Director & CEO on an additional charge basis, effective October 16, 2025. Capt Divakar is currently serving as the company's Chief General Manager, making this an internal elevation rather than an external hire. The 'additional charge' designation indicates this is a temporary arrangement, typically used when a permanent CEO has not yet been appointed. Shareholders will vote on this proposal through the postal ballot process.
This is a continuity move with an internal candidate holding temporary CEO charge, which provides leadership stability but does not resolve the longer-term question of a permanent CEO appointment. Investors may view this as a stopgap arrangement and await clarity on a full-time CEO selection.