Dredging Corporation of India Limited has informed the Exchange about General Updates
DREDGECORP · price
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Dredging Corporation of India has informed the exchanges that Dr. Madhaiyaan Angamuthu, IAS (AM-2002), currently serving as Chairperson of Visakhapatnam Port Authority, has been appointed as Chairman of Mumbai Port Authority by the Ministry of Ports, Shipping and Waterways. The appointment was made under Section 3(1)(a) of the Major Port Authorities Act, 2021 via Office Order No. 23/2025 dated 22 September 2025. His combined tenure will run for seven years up to 13 October 2027, or until further orders, with pay at Level-14 (₹1,44,200 – ₹2,18,200). The disclosure was filed under SEBI LODR Regulation 30.
This is a government-level personnel appointment at a related port authority rather than a direct corporate action at DCI, so it is unlikely to have an immediate material impact on DCI's share price. Investors should note this as informational; any indirect connection (e.g., board overlap with VPA) would need separate confirmation.