Dredging Corporation of India informed stock exchanges on September 1, 2026, that its director Susanta Kumar Purohit has been appointed to hold the additional charge of Chairman at Paradip Port Authority. The appointment is effective from September 1, 2026.

The Ministry of Ports, Shipping and Waterways issued the office order on August 31, 2026, entrusting Purohit with the role. He currently serves as Chairperson of V.O. Chidambaranar Port Authority. The additional charge will last for six months or until a new Chairman is appointed, whichever is earlier.

Regulatory Compliance

The company notified the National Stock Exchange and Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The filing references the Ministry’s letter dated August 31, 2026.

Dredging Corporation of India stated that it will intimate the exchanges again upon approval of Purohit’s appointment as a Director by the NRC or Board. The move replaces P. L. Haranadh, who previously held the position.

Dredging Corporation of India Limited shareholders have approved the appointment of Jasmeet Singh Bindra as a Director and Chairman of the company. The resolution was passed via postal ballot with overwhelming support, securing 99.95% of the votes cast. This leadership change formalizes Bindra’s role as a Promoter, Non-Executive, and Non-Independent Director, effective immediately following the disclosure of voting results on August 9, 2026.

The postal ballot was conducted under Section 108 of the Companies Act, 2013, and Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014. Shareholders holding shares as of the cut-off date, July 3, 2026, were eligible to vote. The remote e-voting facility, provided by National Securities Depository Limited (NSDL), remained open from July 8, 2026, to August 7, 2026. The process was scrutinized by Agarwal S. & Associates, Practicing Company Secretaries, who confirmed the fairness and transparency of the voting procedure.

Voting Results

The consolidated report from the scrutinizer indicates that 334 voters participated in the electronic voting process. The detailed breakdown of the votes for Resolution 1 is presented below:

Jasmeet Singh Bindra, who holds DIN No. 07231249, brings experience from his background with IRTS. His bio-data was previously submitted to the stock exchanges during his initial appointment. The Board of Directors has accepted the scrutinizer’s report dated August 8, 2026, and the resolution has been duly approved by the requisite majority.

What This Means for Governance

The near-unanimous approval reflects strong shareholder confidence in Bindra’s leadership capabilities. As a promoter director, his appointment aligns with the company’s strategic direction under its existing promoter group. The high participation rate among eligible voters, despite the relatively small number of individual voters compared to the total shareholding, suggests concentrated ownership structures typical of public sector undertakings or companies with significant promoter holdings. The seamless execution of the e-voting process, overseen by independent witnesses Ravi Agrawal and Prashant Shukla, underscores the company’s commitment to regulatory compliance under SEBI’s LODR Regulations, 2015.