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Dredging Corporation of India informs about extension of tenure of MD

17 Jan 2020 Evaluate

Dredging Corporation of India has informed that subsequent to the Share Purchase Agreement signed on 08/03/2019 entered into between the four Ports , Visakhaptnam Port Trust, Deendayal Port Trust, Jawaharlal Nehru Port Trust and Paradeep Port Trust, Rajesh Tripathi was appointed as Managing Director from 08/03/2019 to 01/02/2020 and the same was regularised in the Annual General Meeting held on 08/08/2019 by the Company; As such, the term of Rajesh Tripathi will come to an end on 01/02/2020. The Board in its 322nd Board Meeting held on 17/01/2020 accorded approval for appointment of Rajesh Tripathi as Additional Director (Wholetime Director – Managing Director) with effective from 02/02/2020 till his superannuation on 28/02/2021 on the same pay, perks and allowances as being paid now subject to approval of shareholders at the next Annual General Meeting.

The above information is a part of company’s filings submitted to BSE.


Dredging Corp Share Price

976.65 4.30 (0.44%)
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