Dredging Corporation of India Limited held its 50th Annual General Meeting on September 24, 2026, through video conferencing. Shareholders adopted the audited standalone financial statements for the fiscal year ended March 31, 2026.

The meeting was chaired by Jasmeet Singh Bindra, IRTS, Chairman of the company. All members of the Board of Directors attended, including the chairpersons of the Audit, Nomination and Remuneration, Stakeholder Relationship, and Risk Management Committees. Representatives from the joint statutory auditors, secretarial auditor, and scrutinizer were also present.

Key Resolutions Passed

The members considered and approved several ordinary resolutions as outlined in the notice dated September 1, 2026:

The Chairman addressed shareholders regarding the company's outlook, performance, new initiatives, and the status of ongoing dredging assignments. The Chief Financial Officer and General Manager (Business Development) responded to queries concerning operations and financial performance.

Voting and Compliance

E-voting facilities were provided by KFin Technologies Limited, commencing on September 21, 2026, and ending on September 23, 2026. Members who did not vote remotely could vote during the AGM. Sachin Agarwal, Partner at Agarwal S. & Associates, served as the scrutinizer to ensure a fair voting process.

The results of the e-voting, including the scrutinizer's report, are scheduled to be available on the company's website and stock exchange platforms on or before September 26, 2026. The meeting concluded at 12:31 pm.

Dredging Corporation of India appointed Susanta Kumar Purohit as an additional director effective September 14, 2026. The appointment follows the submission of his consent form to the company.

Purohit, a senior officer of the Indian Railway Service of Electrical Engineers (IRSEE), currently serves as Chairperson of Paradip Port Authority. He assumed this role on an additional charge basis on September 1, 2026, for six months or until further orders.

Board Approval and Regulatory Filings

The board approved Purohit’s appointment via resolution by circulation on September 4, 2026. The approval was subject to him obtaining a Director Identification Number or submitting his consent in Form DIR-2.

Paradip Port Authority communicated the signed Form DIR-2 via email on September 14, 2026. This submission triggered the effective date of his directorship. The company filed the intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Purohit will serve as an Additional Director (Promoter – Non-Executive & Non-Independent) until the next Annual General Meeting. Shareholders will seek his regular appointment as a Non-Executive Director at that meeting or through a postal ballot within three months of his appointment.

Profile and Experience

Purohit holds a Bachelor of Engineering in Electrical Engineering from Sambalpur University and a Post Graduate Diploma in Personnel Management & Industrial Relations from Andhra University. He is part of the 1996 batch of IRSEE.

Prior to his current assignment, he served as Joint Secretary in the Department of Chemicals & Petrochemicals. His career includes key positions in Indian Railways, the Ministry of Power, and the Government of Odisha.

He holds no shares in Dredging Corporation of India and has no other directorships in listed companies.