Dredging Corporation of India Limited has closed its trading window for designated persons effective July 1, 2026, to prevent insider trading ahead of its quarterly financial results. The restriction will remain in force until 48 hours after the announcement of the financial results for the quarter ended June 30, 2026. This move aligns with the company's internal code for the prevention of insider trading and ensures compliance with regulatory standards.

The decision was taken pursuant to the SEBI (Prohibition of Insider Trading) Regulations and the DCI Code for prevention of insider trading of securities of the company. The closure is a standard procedural measure implemented during the period leading up to financial disclosures to maintain market integrity and prevent the misuse of unpublished price-sensitive information.

Key Details of the Closure

The company confirmed that the window closure applies uniformly to all insiders subject to the code. P. Chandra Kalabhinetri, Company Secretary, signed the communication addressed to the stock exchanges on June 23, 2026.

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