Dredging Corporation of India Limited has appointed Shri Jasmeet Singh Bindra, IRTS, as Additional Director and Chairman effective June 9, 2026. The appointment follows his recent assumption of charge as Chairman of Visakhapatnam Port Authority on May 20, 2026. This leadership change is significant for the company as it aligns its top executive with the head of a key port authority, potentially influencing strategic operations.

The Nomination and Remuneration Committee had previously recommended the appointment to the Board. The Board subsequently approved the appointment of Shri Jasmeet Singh Bindra as Additional Director (Promoter – Non-Executive & Non-Independent) and Chairman. The appointment is valid up to the date of the next Annual General Meeting (AGM). Shareholder approval for his regular appointment as Non-Executive Director will be sought through a postal ballot within three months from the date of appointment or until further orders, whichever is earlier.

The company also noted the cessation of Dr. M. Angamuthu as Director and Chairman with effect from May 20, 2026. Shri Jasmeet Singh Bindra is not related to any other director of the company. He holds no shares in Dredging Corporation of India Limited and does not hold directorships in other companies.

Shri Jasmeet Singh Bindra is a 1996 batch officer of the Indian Railway Traffic Service (IRTS). He holds a B.Tech in Electronics, an MBA, and a Master in Public Policy. His career spans nearly three decades, including key positions in the Indian Railways and the Government of India such as Divisional Railway Manager (Ranchi) and Executive Director (Gati Shakti/Traffic) at Railway Board.

Profile of Shri Jasmeet Singh Bindra

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:

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.