Dredging Corporation of India Limited has announced the resignation of Smt. P. Uma Gandhi from her position as General Manager (Finance) and Chief Financial Officer. The resignation was formally submitted through a letter dated April 8, 2026, citing personal reasons for her departure from the organization.

Resignation Timeline and Process

The HR Department communicated Gandhi's resignation to company authorities via email on April 17, 2026. According to the regulatory filing, she will cease to hold the positions of CFO and Key Managerial Personnel upon approval by the Competent Authority. The effective date of resignation remains subject to this approval, after which the company will update the stock exchanges accordingly.

Regulatory Compliance Details

The company has submitted the mandatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table outlines the key regulatory requirements:

Stock Exchange Communication

The intimation was formally submitted to both major stock exchanges on April 17, 2026. P. Chandra Kalabhinetri, Company Secretary, signed the communication that included a copy of Gandhi's resignation letter for reference.

The company has indicated that upon receiving approval from the Competent Authority for the resignation, it will provide further updates to the stock exchanges regarding the transition and any interim arrangements for the CFO position.

Dredging Corporation of India has formalized a major fuel supply agreement with Indian Oil Corporation Limited (IOCL) through an official Memorandum of Understanding signed on April 16, 2026. The agreement, valued at ₹2,157.07 crore, represents a significant milestone for the company amid ongoing energy sector disruptions.

Agreement Details

The comprehensive fuel supply arrangement spans five years and ensures reliable fuel procurement for the company's nationwide dredging fleet operations. This strategic partnership provides operational stability during a period of energy sector uncertainty.

Signing Ceremony

The MoU signing ceremony was attended by senior officials from both organizations. IOCL was represented by Shri K. John Prasad, Country Head (Institutional Business), HO; Shri Piyush Mittal, Executive Director & State Head (TAPSO); Shri Manoj D. Kudale, Chief General Manager (Institutional Business), TAPSO; and Shri Nishant Gulati, DIBH, Vizag DO.

From Dredging Corporation of India, the ceremony was graced by Capt. S. Divakar, Managing Director & CEO; Capt. K.M. Choudhary, CHOD & GM (Business Development); and Shri B. Durga Prasad Babu, HOD (Materials). The formal agreement was signed by Shri B. Durga Prasad Babu on behalf of DCI and Shri Nishant Gulati on behalf of IOCL.

Strategic Impact

This partnership reinforces the long-standing association between the two public sector enterprises and demonstrates their shared commitment toward operational excellence and reliability. The agreement ensures uninterrupted fuel supply for major dredging operations supporting India's maritime infrastructure development.

The collaboration highlights the crucial role of public sector enterprises in maintaining stability and efficiency in key economic sectors, particularly during challenging global energy conditions. By securing long-term fuel arrangements, the company has strengthened its capability to deliver consistent dredging services for major ports and national projects.