Dredging Corporation of India approves directors, MD via postal ballot

Dredging Corporation of India Limited secured shareholder approval for the appointment of two independent directors and a Managing Director through a postal ballot conducted via remote e-voting. The resolutions, which pertained to key managerial appointments, were passed with an overwhelming majority during the voting period that concluded on June 1, 2026.

The remote e-voting process was held from May 3, 2026, to June 1, 2026, with the cut-off date for determining shareholder eligibility set as April 24, 2026. M/s Agarwal S. & Associates, Practicing Company Secretaries, served as the scrutinizer for the process, verifying the votes cast in favour or against the resolutions based on reports generated by National Securities Depository Limited (NSDL).

Appointments Approved

The shareholders approved three special resolutions. The first resolution appointed Smt Krishna Das (DIN: 11590065) as a Non-Executive and Independent Director effective March 9, 2026. The second resolution appointed Shri Devendra Kumar Pathak, IPS (Retd) (DIN: 10195553) as a Non-Executive and Independent Director effective March 18, 2026. The third resolution appointed Mr Divakar Sanamandra (DIN: 09675405) as Managing Director and Chief Executive Officer, a Key Managerial Personnel (KMP), effective March 25, 2026.

Voting Results

The scrutinizer's report confirmed that all resolutions received the requisite majority. A total of 248 shareholders participated via e-voting, representing 21,889,399 valid votes. The voting data for each resolution is detailed below:

Resolution	Votes in Favor	Voting %	Votes Against	Voting %
Item No. 1 (Smt Krishna Das)	21,888,961	99.9980	438	0.0020
Item No. 2 (Shri Devendra Kumar Pathak)	21,888,951	99.9980	448	0.0020
Item No. 3 (Mr Divakar Sanamandra)	21,888,961	99.9980	438	0.0020

The electronic data and relevant records were handed over to the company following the conclusion of the voting process. The appointments are effective from the respective dates mentioned in the resolutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.34%	+1.02%	+28.25%	+38.40%	+52.53%	+205.95%

Dredging Corporation of India Limited has disclosed the appointment of Shri Jasmeet Singh Bindra as the Chairperson of the Visakhapatnam Port Authority (VPA). The company intimated the stock exchanges regarding this development under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The appointment was formalized through an office order issued by the Ministry of Ports, Shipping and Waterways. Shri Jasmeet Singh Bindra, an Indian Railway Traffic Service (IRTS) officer of the 1997 batch, has been appointed to the position at the Joint Secretary level.

Appointment Details

The official notification outlines the key terms of the new role for the VPA Chairperson. The appointment is structured for a specific tenure and compensation level as per government norms.

Detail	Specification
Appointee	Shri Jasmeet Singh Bindra, IRTS (1997)
Position	Chairperson, Visakhapatnam Port Authority
Tenure	5 years from assumption of charge or until further orders
Effective Date	20 May 2026
Pay Level	Level-14 (Rs.1,44,200 – 2,18,200)

The Visakhapatnam Port Authority confirmed via email on May 23, 2026, that Shri Bindra has taken over the charge of the office. The appointment is exercised under the powers conferred by Section 3(1)(a) of the Major Port Authorities Act, 2021.

The information was submitted by P. Chandra Kalabhinetri, Company Secretary of Dredging Corporation of India Limited, for the purpose of public record and compliance.