Dredging Corporation of India Limited has informed the Exchange regarding Notice of Postal Ballot for appointment of Shri Gaurav Dayal, IAs as Director (Promoter , Non Executive & Non - Independent) of the Company w.e.f 07.11.2025
DREDGECORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dredging Corporation of India Limited (DCI) has issued a Postal Ballot Notice to seek shareholder approval for the appointment of Shri Gaurav Dayal, IAS as a Director on the company's board. He was initially appointed as Additional Director (Promoter, Non-Executive & Non-Independent) with effect from 7 November 2025 through a Board resolution by circulation, and is now being put up for formal shareholder approval since the AGM is not scheduled in time. Shri Gaurav Dayal is a 2004-batch IAS officer from the Uttar Pradesh cadre, aged 46, with over two decades of experience in governance, infrastructure, and public administration, including serving as Divisional Commissioner of Ayodhya. The e-voting window for the postal ballot runs from 3 January 2026 to 2 February 2026, and he will not receive any remuneration for the directorship.
This is a routine government-nominee director appointment in a public sector undertaking, where the Government of India is the promoter and majority shareholder, so approval is largely procedural and unlikely to move the stock price. It does, however, strengthen government representation on the board, which is standard for central PSUs.