Dredging Corporation of India Limited has informed the Exchange regarding Appointment of Capt S Divakar, CGM as Managing Director & CEO (A/c) of the company w.e.f. October 16, 2025.
DREDGECORP · price
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Dredging Corporation of India has appointed Capt S Divakar, currently a Chief General Manager (CGM) in the company, as the Managing Director & CEO on additional charge basis effective October 16, 2025. The 'additional charge' (A/c) tag typically means he will hold this position temporarily while continuing his existing role, without a formal full-time appointment. No details on the duration of this arrangement or succession plan for a permanent MD & CEO have been provided in this filing.
This is an interim leadership arrangement rather than a permanent appointment, which may create some short-term uncertainty until a full-time MD & CEO is named. Shareholders should watch for follow-up announcements on a permanent leadership decision.