Dredging Corporation of India Limited has informed the Exchange regarding Notice of Postal Ballot
DREDGECORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dredging Corporation of India is seeking shareholder approval via postal ballot for the appointment of three directors. The company is regularising the appointment of Smt. Krishna Das (age 41, LLB) as Independent Director effective 09.03.2026, Shri Devendra Kumar Pathak IPS (Retd.) (age 70, MA History) as Independent Director effective 18.03.2026, and Capt S Divakar (age 57) as Managing Director & Chief Executive Officer effective 25.03.2026. All three were initially appointed as Additional Directors by the Board and now require shareholder confirmation. Capt Divakar is an internal candidate who has been with the company since 1987, serving previously as MD & CEO on additional charge from October 2022 to April 2024 and again from October 2025. The appointments are for three-year terms for independent directors, and until age 60 for the MD & CEO.
The appointments appear routine and are expected to bring stability to the board with experienced individuals. The regularisation of Capt Divakar's appointment formalises his role as MD & CEO. No immediate material impact on stock price expected from these governance filings.