Dredging Corporation of India Limited has informed the Exchange about extension of charge of Dr. Madhaiyaan Angamuthu, IAS as Chairman (Additional Charge), Visakhapatnam Port Authority
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Dredging Corporation of India Limited (DCI) has informed the exchanges that the additional charge of Dr. Madhaiyaan Angamuthu, IAS as Chairman of Visakhapatnam Port Authority (VPA) has been extended for a further six months beyond March 21, 2026. Dr. Angamuthu, who is currently the Chairperson of Mumbai Port Authority, was originally given this additional charge on September 22, 2025. The extension has been approved by the Ministry of Ports, Shipping and Waterways and will continue until a regular Chairperson is appointed or further orders are issued, whichever is earliest. This intimation is being made because VPA is the promoter of DCI, and changes in VPA leadership are considered material information.
The extension ensures continuity in leadership at DCI's promoter (VPA) with no governance disruption in the near term. However, the absence of a permanent Chairman signals ongoing uncertainty about long-term strategic direction at the promoter level, which shareholders should monitor.