Dredging Corporation of India Limited has initiated a postal ballot process to obtain shareholder approval for three critical board appointments, following the Board of Directors' earlier approval of these positions as Additional Directors.

Board Appointments Seeking Approval

The company seeks shareholder ratification for three key appointments made by the Board of Directors:

Postal Ballot Process and Timeline

The company has scheduled a comprehensive e-voting process for shareholder approval:

The postal ballot notice has been sent electronically to all eligible shareholders as per MCA circulars, with KFin Technologies Limited serving as the Registrar and Transfer Agent.

Director Profiles and Qualifications

Smt Krishna Das brings over 15 years of experience in governance, welfare administration, and legal education. She previously served as Chairman of the Assam State Social Welfare Board and holds expertise in Labor Law, Constitutional Law, and Regulatory Compliance.

Shri Devendra Kumar Pathak is a retired IPS officer who joined the Indian Police Service in 1979. His distinguished career includes serving as Director General of Border Security Force and Chief Vigilance Officer of Oil India Limited. He has extensive experience in law enforcement and administrative oversight.

Capt S Divakar has been with the company for 38 years, starting as a cadet in 1987. He previously served as Managing Director & CEO on additional charge from October 2022 to April 2024 and again from October 2025. He holds 99 shares in the company and possesses a Dredge Master Grade-I Certificate of Competency.

Regulatory Compliance and Voting Process

The appointments comply with Sections 149, 150, and 152 of the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Sachin Agarwal of M/s. Agarwal S. & Associates has been appointed as Scrutinizer for the e-voting process.

Shareholders can vote through the remote e-voting facility provided by National Securities Depository Limited (NSDL) and KFin Technologies Limited. The voting rights will be proportionate to shareholding as on the cut-off date of April 24, 2026.

Corporate Governance Enhancement

These appointments are expected to strengthen the company's board composition with diverse expertise spanning legal affairs, law enforcement, and maritime operations. The Independent Directors will serve three-year terms and are entitled to sitting fees for board and committee meetings attended.

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.