Date: May 23, 2026
KMP / Board / Auditor Changes
This is an intimation regarding a key management personnel change at Visakhapatnam Port Authority (VPA), a major port authority, and not directly at Dredging Corporation of India Ltd (DCIL). The disclosure is made by DCIL as a material event under SEBI LODR Regulation 30.
- Name and Designation: Shri Jasmeet Singh Bindra, IRTS (Indian Railway Traffic Service, 1997 batch)
- Appointed Role: Chairperson, Visakhapatnam Port Authority (VPA)
- Appointing Authority: Ministry of Ports, Shipping and Waterways, Government of India
- Effective Date: Assumed charge on May 20, 2026.
- Term: Appointed for a period of five years from the date of assumption of charge or until further orders, whichever is earlier.
- Pay Scale: Level-14 (₹1,44,200 - ₹2,18,200) of the pay matrix.
- Legal Basis for Appointment: Made in exercise of powers conferred under Section 3(1)(a) of the Major Port Authorities Act, 2021.
- Reference Documents: The appointment is based on Ministry of Ports, Shipping and Waterways letter No. A-12022/8/2025-PE-I dated May 13, 2026 (Office Order No. 09/2026), and an email intimation from the Chairman's office of VPA dated May 23, 2026.
Other Operational / Legal / Strategic Disclosures
This disclosure is a regulatory compliance submission by Dredging Corporation of India Limited to the National Stock Exchange of India Ltd. and Bombay Stock Exchange Limited, intimating them of a significant development concerning Visakhapatnam Port Authority, a major port.
No material disclosures under the following sections:
Dividend Declaration or Non-Declaration, Board Meeting Outcomes, Financial Results, Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication.