Dredging Corporation of India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DREDGECORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dredging Corporation of India Limited conducted a postal ballot through remote e-voting from March 2 to March 31, 2026. All 5 resolutions were passed with near-unanimous approval (99.99% in favor). The resolutions included approval for material related party transactions with four major port authorities: Visakhapatnam Port Authority, Paradip Port Authority, Jawaharlal Nehru Port Authority, and Deendayal Port Authority. Additionally, shareholders approved alteration of the Capital Clause of the Memorandum of Association. A total of 197-198 voters participated, with over 16.7 million votes cast for most resolutions. The scrutinizer from M/s Agarwal S. & Associates verified the results.
All related party transactions with major government port authorities have been legitimately approved by shareholders, which may facilitate continued business operations and contracts with these port authorities. The capital clause alteration in MOA suggests potential changes to the company's authorized share capital structure.