Dredging Corporation of India Limited has announced a significant leadership appointment, naming Capt. S. Divakar as Managing Director & Chief Executive Officer. The appointment was approved by the company's Nomination and Remuneration Committee and Board of Directors during their meeting held on 23.03.2026, with the appointment taking effect from 25.03.2026.

Appointment Details

Capt. Divakar has been designated as Managing Director & Chief Executive Officer with additional responsibilities as Additional Director – Executive & Non-Independent and Key Managerial Personnel (KMP) of the company. His appointment follows the regulatory framework under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tenure and Approval Process

The appointment structure follows a phased approach. Capt. Divakar will initially serve as Additional Director until the date of the next General Meeting, which must be convened within three months from the Board's approval date. At this General Meeting, the company will seek shareholder approval for his regular appointment as Non-Independent & Executive Director.

His tenure as regular director will continue until he attains the age of 60 years or until further orders, whichever occurs earlier. This arrangement ensures compliance with corporate governance requirements while providing leadership continuity.

Professional Background and Experience

Capt. S. Divakar brings extensive industry expertise to his new role, with 38 years of comprehensive experience in the dredging sector. His career trajectory demonstrates a unique combination of operational and management capabilities.

Additional Directorships and Regulatory Compliance

Capt. Divakar currently serves as Director of Sethusamudram Corporation Limited, demonstrating his involvement in related maritime and infrastructure development activities. This experience adds to his understanding of the broader dredging and marine infrastructure sector.

The appointment notification has been formally communicated to both Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. Company Secretary P. Chandra Kalabhinetri has ensured full regulatory compliance and transparency with stakeholders through proper documentation and filing procedures.

Dredging Corporation of India Limited has confirmed that the appointment of Shri Devendra Kumar Pathak, IPS (Retd.), as Additional Non-Executive Independent Director is now effective from March 18, 2026. The appointment was initially approved by the company's Nomination and Remuneration Committee and Board of Directors through circulation of resolution on March 16, 2026.

Appointment Confirmation

The company has informed stock exchanges that upon fulfillment of all requirements under the Companies Act, 2013, including receipt of consent in Form DIR-2, possession of a valid Director Identification Number (DIN), and registration with the Indian Institute of Corporate Affairs (IICA), the effective date of appointment has been confirmed as March 18, 2026.

Professional Background

Pathak joined the Indian Police Service in 1979 and was allotted the Assam-Meghalaya cadre. During his distinguished career, he served as Superintendent of Police in four districts across Assam and Meghalaya, commanding a Police Range in insurgency-prone areas for four consecutive years.

A significant portion of his career was spent as Chief Vigilance Officer of Oil India Limited, a Navaratna Public Sector Undertaking under the Ministry of Petroleum & Natural Gas, Government of India. He served in this capacity from July 1997 to July 2003, with his initial five-year term extended by one year.

Key Career Highlights

Pathak's career includes several notable achievements and responsibilities:

• Served as Inspector General in Srinagar, playing a crucial role in combating militancy while maintaining human rights standards
• Distinguished himself by raising the elite CRPF Anti-LWE Force "CoBRA" (Commando Battalion for Resolute Action)
• Extensive experience in conducting departmental inquiries in various capacities including Inquiry Officer, Presenting Officer, Disciplinary Authority, and Appellate Authority
• Managed serious law and order situations without human rights violations

Regulatory Compliance

The appointment follows regulatory compliance requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment requires formal approval at the next General Meeting, which will be called within three months from the Board's approval date. The company has disclosed that Pathak is not related to any existing Director or Officer of the company and holds no shares in Dredging Corporation of India Limited.

This appointment strengthens the company's board composition with independent oversight and brings valuable experience from the public sector and law enforcement domains to the organization's governance structure.