Dredging Corporation of India Limited has informed the Exchange regarding Cessation of Mr Mr. Lov Verma, IAS (Retd.) as Non- Executive Independent Director of the company w.e.f. February 28, 2026.
DREDGECORP · price
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Dredging Corporation of India has informed the stock exchanges that Mr. Lav Verma, IAS (Retd.), ceased to be a Non-Executive Independent Director of the company effective February 28, 2026. His departure comes upon the natural completion of his three-year tenure. He also stepped down as a member of all Board Committees of the company on the same date. The disclosure was made under SEBI's Listing Regulations (Regulation 30).
This is a routine, planned exit due to the end of a fixed three-year term rather than any abrupt or controversial resignation, so it is unlikely to materially affect the stock price. Shareholders should watch for announcements on whether a new Independent Director will be appointed to fill the vacancy.