Nature of change: Appointment of Additional Director (Promoter - Non-Executive & Non-independent)
Name and DIN: Shri Susanta Kumar Purohit, IRSEE (Director Identification Number not provided in document)
Effective date and tenure: Appointment effective from September 14, 2026 (date of submission of DIR-2 form). The appointment shall continue until the next Annual General Meeting, where shareholder approval for regular appointment will be sought, or through Postal Ballot within three months from date of appointment, or until further orders, whichever is earlier.
Profile and qualifications: Bachelor of Engineering (Electrical Engineering) from Sambalpur University and Post Diploma in Personnel Management & Industrial Relations (HRM) from Andhra University. Currently serving as Chairperson of Paradip Port Authority and V.O. Chidambaranar Port Authority. Extensive experience in administration, engineering, infrastructure development, policy formulation and public-sector management. Previously served as Joint Secretary, Department of Chemicals & Petrochemicals, Government of India, and held key positions in Indian Railways, Ministry of Power and Government of Odisha.
Eligibility: The appointment was made through Resolution by Circulation by the Board. No specific declaration of non-disqualification or SEBI/BSE/NSE norm compliance mentioned in the document.
Relationship with other directors: No relationship with other directors or promoters disclosed.
Previous KMP: The document does not mention who held the position earlier or the nature of their exit.
Governance implications: As a Non-Executive Director representing promoter interests, his appointment brings port management and infrastructure development expertise to the board.
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations mentioned in this disclosure.
Strategic or Business Context
Shri Purohit's extensive experience in port management, infrastructure development, and public policy is expected to contribute to the company's strategic direction. His current role as Chairperson of Paradip Port Authority and V.O. Chidambaranar Port Authority provides relevant expertise in maritime sector operations.
The appointment aligns with the company's position in the dredging and maritime infrastructure sector.
Any Other Material Information
Regulatory compliance: This intimation is made under Regulation 30 of SEBI (LODR) Regulations, 2015.
References: PPA email dated 01.09.2026, MoPSW letter No. A-12022/2/2025-PE-I dated 31.08.2026, DCIL letter dated 01.09.2026, and DCIL letter dated 04/09/2026.
Shareholding: Shri Purohit holds nil shares in Dredging Corporation of India Limited.
Other directorships: No directorships in other companies mentioned.
Company details: Dredging Corporation of India Limited (CIN No.: L29222DL 1976PLC008129, GST NO.: 37AAACD602181ZB).
