Posted on October 7, 2026
Key Highlights
- Dredging Corporation of India Limited seeks shareholder approval via postal ballot for Susanta Kumar Purohit’s regular directorship
- Purohit was appointed as Additional Director effective September 14, 2026, serving as a Promoter, Non-Executive, Non-Independent Director
- Remote e-voting opens October 6, 2026, and closes November 5, 2026, with results announced by November 7, 2026
- Purohit currently chairs V.O. Chidambaranar Port Authority and holds additional charge at Paradip Port Authority
Dredging Corporation of India Limited has initiated a postal ballot process to secure shareholder approval for the regular appointment of Susanta Kumar Purohit as a Director. The proposal seeks to formalize his role as an Additional Director, appointed effective September 14, 2026.
Purohit serves as a Promoter, Non-Executive, and Non-Independent Director. The company stated that the Annual General Meeting is not scheduled within the stipulated time frame required for obtaining member approval under the Companies Act, 2013. Consequently, the consent of members is being sought through remote e-voting to comply with regulatory timelines.
Profile and appointment details
Susanta Kumar Purohit is a senior officer of the Indian Railway Service of Electrical Engineers (IRSEE) from the 1996 batch. He holds a Bachelor of Engineering in Electrical Engineering from Sambalpur University and a Post Graduate Diploma in Personnel Management and Industrial Relations from Andhra University. Currently, he serves as the Chairperson of V.O. Chidambaranar Port Authority and holds the additional charge of Chairman, Paradip Port Authority.
His career includes significant roles in Indian Railways, the Ministry of Power, and the Government of Odisha. He previously served as Joint Secretary in the Department of Chemicals and Petrochemicals, Government of India. The board highlighted his experience in administration, infrastructure development, and public policy as key assets for the company’s leadership.
Voting timeline and eligibility
The remote e-voting period commences on October 6, 2026, at 9:00 am and concludes on November 5, 2026, at 5:00 pm. Members holding shares as of the cut-off date, October 2, 2026, are eligible to vote. The scrutinizer will submit the report on or before November 7, 2026, with results announced shortly thereafter.
Governance and compliance notes
The resolution is proposed as an Ordinary Resolution. Purohit does not hold any equity shares in the company and has no relationship with other directors or key managerial personnel. As a Promoter Director, he is not entitled to sitting fees, remuneration, or other perks for attending board meetings. The board recommends the passage of the resolution to ensure compliance with Section 152(2) of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.
