Dredging Corporation of India Limited (DCI) has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Divakar Sanamandra as Managing Director & CEO (Additional Charge). This move comes as part of the company's corporate governance procedures and compliance with regulatory requirements.

Key Details of the Appointment

About Mr. Divakar Sanamandra

Mr. Sanamandra brings extensive experience to the role:

• Started his career with DCI in 1987 as a cadet
• 38 years of experience in both onboard dredgers and onshore operations
• Rose from Cadet to Captain, achieving the position of "Master of Dredger"
• Served about 22 years onboard dredgers in various capacities
• 16 years in senior management positions onshore
• Holds a Dredge Master Grade-I Certificate of Competency

Postal Ballot Details

The company has outlined the following process for the postal ballot:

Additional Information

• Mr. Sanamandra will not receive any additional remuneration for holding the additional charge of MD & CEO.
• The appointment is subject to shareholder approval through the postal ballot process.
• The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility.
• Shareholders can vote electronically through the NSDL e-voting system.

This appointment reflects DCI's commitment to maintaining strong leadership and ensuring continuity in its operations. Shareholders are encouraged to participate in the voting process to have their say in this important corporate decision.

Conclusion

The postal ballot for Mr. Divakar Sanamandra's appointment as MD & CEO (Additional Charge) represents a significant corporate action for Dredging Corporation of India Limited. With his extensive experience in the dredging industry and previous tenure as MD & CEO, Mr. Sanamandra's potential appointment could provide stability and experienced leadership to the company during this interim period.

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.