Dredging Corporation Appoints Capt. S Divakar as MD and CEO, Stock Gains 1.5%Dredging Corporation Appoints Capt. S Divakar as MD and CEO, Stock Gains 1.5%

Introduction

Leading government-owned dredging services company announced appointment of a new Managing Director and CEO who brings 38 years of experience within the organisation spanning both onboard and onshore operations.

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Share Price Movement of Dredging Corporation of India Ltd:

On March 24, 2026, Dredging Corporation of India Ltd opened at ₹850.25, up 2.96% from its previous close of ₹825.90. The stock reached a high of ₹872.70 (5.63%) and a low of ₹821.00. By 4:00 PM, it traded at ₹846.57, a 2.52% increase, with a market cap of ₹2,410.24 crore.

Capt. S Divakar Named MD & CEO

The Nomination and Remuneration Committee and the Board of Directors of Dredging Corporation of India Limited at their meeting on March 23, 2026 approved the appointment of Capt. S. Divakar as Managing Director & Chief Executive Officer. He has been appointed as Additional Director (Executive & Non-Independent) and Key Managerial Personnel of the company.

Capt. Divakar, aged 58, holds a Dredge Master Grade-I Certificate of Competency. He started his career in DCI as a cadet under the All India Dredging Cadre in 1987 and served onboard dredgers for about 22 years in various capacities from Cadet to Captain, rising to the position of Master of Dredger. He was previously serving as Chief General Manager.

He shall hold office as Additional Director up to the date of the next General Meeting, to be convened within three months. Shareholder approval will be sought for his regular appointment as Non-Independent & Executive Director until he attains the age of 60 years or until further orders. He also holds a directorship in Sethusamudram Corporation Limited.

Stock performance of Dredging Corporation of India Ltd.  for Period of 1 week, 6 months, and 1 year

Dredging Corporation of India Ltd delivered a 1-week return of -5.33%, a 6-month return of 23.6%, and a 1-year return of 44.0%.

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Shareholding pattern of Dredging Corporation of India Ltd.

Particulars	Mar 2025	Jun 2025	Sep 2025
Promoter	73.50%	73.50%	73.50%
FII	0.50%	0.10%	0.20%
DII	8.20%	6.70%	6.30%
Public	17.80%	19.70%	20.00%

About Dredging Corporation of India Ltd.

Dredging Corporation of India Ltd (NSE: DREDGECORP) is a government enterprise providing integrated dredging services to ports, Indian Navy and maritime organisations, holding over 80% market share in maintenance dredging for major ports.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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