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

Leadership Transition

The appointment follows the completion of Shri Durgesh Kumar Dubey's tenure as Managing Director & CEO on October 15, 2025. The Board of Directors of DCI approved this transition, marking a new chapter in the company's leadership.

About Capt. S. Divakar

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

Capt. Divakar's journey with DCI spans over three decades, showcasing a comprehensive understanding of both operational and management aspects of the dredging industry. His experience includes serving on dredgers in various capacities and holding senior management positions onshore.

Implications for DCI

This appointment represents a continuation of experienced leadership within DCI. Capt. Divakar's extensive background in both onboard operations and shore-based management positions him well to lead the company. His intimate knowledge of DCI's operations, gained through his 34-year tenure, is likely to provide valuable insights in his new role as Managing Director & CEO.

The transition in leadership comes at a time when the dredging industry faces both challenges and opportunities. Capt. Divakar's appointment may signal DCI's commitment to leveraging deep industry expertise in its top management.

As Dredging Corporation of India moves forward under new leadership, stakeholders will be watching closely to see how Capt. Divakar's extensive experience translates into strategic direction and operational efficiency for the company.

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.