Nature of change: Appointment of Additional Director and Chairman, and cessation of previous Chairman
Appointment: Shri Jasmeet Singh Bindra, IRTS appointed as Additional Director (Promoter - Non-Executive & Non-Independent) and Chairman of the Company
Director Identification: IRTS officer of the 1996 batch
Effective date: Appointment effective from June 9, 2026
Tenure: Shall continue up to the date of the next Annual General Meeting, wherein approval of shareholders for regular appointment as Non-Executive Director will be sought through Postal Ballot within three months from date of appointment or till further orders, whichever is earlier
Qualifications: B.Tech. in Electronics, MBA, and MPA
Current position: Chairperson, Visakhapatnam Port Authority (took charge May 20, 2026)
Experience: Nearly three decades of experience in Indian Railways and Government of India, holding key positions including:
Senior Divisional Commercial Manager
Director (Safety)
Director in the Ministry of Coal
Chief Passenger Transportation Manager
Divisional Railway Manager (Ranchi)
Executive Director (Gati Shakti/Traffic) at Railway Board
Principal Chief Commercial Manager
Principal Chief Operations Manager (Coordination), South East Central Railway
Expertise areas: Transportation, logistics, commercial operations, safety management, multimodal connectivity, and infrastructure development
Relationship disclosure: Not related to any Director of the Company
Shareholding: Holds nil shares in Dredging Corporation of India
Other directorships: Nil in other companies
Previous Chairman: Dr. M. Angamuthu ceased as Director & Chairman of the Company effective May 20, 2026
Approval process: Nomination and Remuneration Committee accorded approval and recommended the appointment to the Board on May 23, 2026. Board subsequently approved the appointment.
Regulatory references: Based on VPA email dated May 23, 2026 and MoPSW letter No. A-12022/8/2025-PE-I dated May 13, 2026
Governance & Compliance
The appointment follows standard governance procedures with Committee recommendation and Board approval
Shareholder approval will be sought through postal ballot within the regulatory timeframe
Full disclosure of non-relationship with other directors and nil shareholding provided
Comprehensive professional profile disclosed in Annexure-I
