Dredging Corporation of India Limited (DCI) has announced a significant change in its top leadership. The company has appointed Capt. S. Divakar as the new Managing Director & CEO (Additional Charge), Additional Director, and Key Managerial Personnel, effective from October 16, 2025.

Key Appointment Details

This appointment follows the completion of Shri Durgesh Kumar Dubey's tenure as Managing Director & CEO on October 15, 2025. The decision was approved by DCI's Board of Directors during its 365th Meeting held on October 10, 2025.

About Capt. S. Divakar

Capt. S. Divakar brings a wealth of experience to his new role:

• Age: 57 years
• Qualification: Holds a Dredge Master Grade-I Certificate of Competency
• Experience: 34 years with DCI
  • 22 years onboard dredgers, rising from cadet to Master of Dredger
  • 12 years in shore service at senior management level
• Current Position: Chief General Manager
• DCI Shareholding: 99 shares

Career Progression

Capt. Divakar's journey with DCI showcases a steady climb through the ranks:

1. Joined as a cadet in 1987
2. Served onboard dredgers for 22 years in various capacities
3. Transitioned to shore service, serving 12 years in senior management
4. Gained expertise in both operations and techno-commercial aspects of the business

Corporate Governance

This appointment aligns with DCI's commitment to maintaining strong corporate governance. The company has promptly disclosed this information to the stock exchanges, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment of Capt. Divakar, with his extensive experience in both onboard operations and shore-based management, signals DCI's focus on leveraging internal talent and industry expertise for its top leadership positions.

Dredging Corporation of India Limited (DCIL) has announced a significant leadership change at the Visakhapatnam Port Authority (VPA). Dr. Madhaiyaan Angamuthu, IAS, currently serving as the Chairperson of Mumbai Port Authority, has been assigned the additional responsibility of Chairman at VPA.

Key Details of the Appointment

Background and Implications

Dr. Angamuthu's appointment comes as part of a strategic move by the Ministry of Ports, Shipping and Waterways to ensure continuity in leadership at key port authorities. This dual role highlights the government's trust in Dr. Angamuthu's capabilities to manage two major port authorities simultaneously.

Official Communication

The appointment was communicated through an official order from the Ministry of Ports, Shipping and Waterways. DCIL, in compliance with SEBI regulations, informed the stock exchanges about this development through a regulatory disclosure.

Dr. Angamuthu's Profile

Dr. Madhaiyaan Angamuthu is an IAS officer from the 2002 batch. His appointment to these crucial positions underscores his experience and expertise in port management and administration.

Impact on Dredging Corporation of India

While the immediate impact on DCIL's operations is not specified, this leadership change at VPA could potentially influence future collaborations and projects involving dredging activities at the port.

The maritime sector will be watching closely to see how Dr. Angamuthu's leadership will shape the operations and strategic direction of both Mumbai Port Authority and Visakhapatnam Port Authority in the coming months.