Dredging Corporation of India Limited (DCIL) commissioned its 150 kW Solar Rooftop Plant at its Head Office in Visakhapatnam on May 7, 2026, marking a significant step in the company's transition towards sustainable energy. The plant was formally commissioned by the Managing Director & CEO, Captain S. Divakar. Implemented under the Government of India's PM Surya Ghar Yojana, the project underscores DCIL's commitment to reducing its carbon footprint while achieving long-term cost efficiency.

Solar Plant: Key Specifications and Energy Output

The newly commissioned solar rooftop plant carries an installed capacity of 150 kW. The following table summarises the plant's projected energy generation and financial savings:

These projections indicate a meaningful reduction in DCIL's dependence on conventional power sources, translating into both operational and financial benefits for the organisation.

Environmental Impact

Beyond financial savings, the solar plant is expected to deliver substantial environmental benefits. The project is projected to avoid approximately 220-240 tonnes of carbon dioxide emissions annually. To contextualise this impact:

• Equivalent to planting over 10,000 trees
• Equivalent to removing nearly 50 passenger vehicles from the roads each year

These figures highlight the project's meaningful contribution to environmental sustainability alongside its operational advantages.

Implementation and Key Stakeholders

This initiative is among the first projects undertaken in alignment with the guidelines of the Ministry of Ports, Shipping and Waterways. The key stakeholders involved in the project's execution are outlined below:

The project was executed in record time by Ledure Lightings Limited, reflecting effective coordination among all stakeholders involved.

Background and Leadership Statement

The solar plant was inaugurated earlier by the Hon'ble Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on March 29, 2026, during DCIL's Golden Jubilee celebrations. Speaking on the occasion of commissioning, Captain S. Divakar stated that the commissioning of the solar plant reflects DCIL's forward-looking vision and its alignment with national priorities on renewable energy, while also delivering tangible financial and environmental benefits. DCIL has indicated it will continue to pursue such initiatives as part of its broader strategy to promote sustainability and enhance energy efficiency.

Dredging Corporation of India Limited has initiated a postal ballot process to obtain shareholder approval for three critical board appointments, following the Board of Directors' earlier approval of these positions as Additional Directors.

Board Appointments Seeking Approval

The company seeks shareholder ratification for three key appointments made by the Board of Directors:

Postal Ballot Process and Timeline

The company has scheduled a comprehensive e-voting process for shareholder approval:

The postal ballot notice has been sent electronically to all eligible shareholders as per MCA circulars, with KFin Technologies Limited serving as the Registrar and Transfer Agent.

Director Profiles and Qualifications

Smt Krishna Das brings over 15 years of experience in governance, welfare administration, and legal education. She previously served as Chairman of the Assam State Social Welfare Board and holds expertise in Labor Law, Constitutional Law, and Regulatory Compliance.

Shri Devendra Kumar Pathak is a retired IPS officer who joined the Indian Police Service in 1979. His distinguished career includes serving as Director General of Border Security Force and Chief Vigilance Officer of Oil India Limited. He has extensive experience in law enforcement and administrative oversight.

Capt S Divakar has been with the company for 38 years, starting as a cadet in 1987. He previously served as Managing Director & CEO on additional charge from October 2022 to April 2024 and again from October 2025. He holds 99 shares in the company and possesses a Dredge Master Grade-I Certificate of Competency.

Regulatory Compliance and Voting Process

The appointments comply with Sections 149, 150, and 152 of the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Sachin Agarwal of M/s. Agarwal S. & Associates has been appointed as Scrutinizer for the e-voting process.

Shareholders can vote through the remote e-voting facility provided by National Securities Depository Limited (NSDL) and KFin Technologies Limited. The voting rights will be proportionate to shareholding as on the cut-off date of April 24, 2026.

Corporate Governance Enhancement

These appointments are expected to strengthen the company's board composition with diverse expertise spanning legal affairs, law enforcement, and maritime operations. The Independent Directors will serve three-year terms and are entitled to sitting fees for board and committee meetings attended.