Posted on April 29, 2026
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.
Historical Stock Returns for Dredging Corporation of India
