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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Awaiting price reaction for this filing.
Dredging Corporation of India has appointed Capt S Divakar as the new Managing Director & CEO with effect from October 16, 2025. He currently serves as Chief General Manager (CGM) of the company, making this an internal elevation. The 'A/c' or 'Additional Charge' designation indicates this is an interim arrangement rather than a permanent appointment. No specific details on tenure or the predecessor were mentioned in the filing. DCI is a public sector undertaking under the Ministry of Ports, Shipping and Waterways.
This is a routine leadership transition at a PSU and is likely neutral for shareholders in the short term. The additional charge nature suggests a permanent MD & CEO may be appointed later, and investors should watch for clarity on the longer-term leadership plan.