Dredging Corporation of India Limited has informed the Exchange regarding Appointment of Mr S.DIVAKAR as Managing Director & CEO of the company w.e.f. March 23, 2026.
DREDGECORP · price
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Dredging Corporation of India has appointed Capt. S. Divakar as Managing Director & CEO effective March 23, 2026. He will serve as Additional Director (Executive & Non-Independent) and Key Managerial Personnel, with shareholder approval to be sought at the next General Meeting. His tenure will continue until he turns 60 or until further orders. He is currently the Chief General Manager at DCI and has been with the company since 1987, bringing 38+ years of dredging operations and management experience. He holds 99 shares in DCI and also serves on the board of Sethusamudram Corporation Limited.
This is an internal succession, with a long-serving DCI executive taking the top role, which should provide continuity in operations. The appointment may be viewed neutrally by the market, as no external strategy shift or fresh capital direction is indicated.