Dredging Corporation suspends Aswini Sreekanth on pending disciplinary proceedings

7 Jul 2022 , 09:33 AM

Dredging Corporation Limited informed that pending disciplinary proceedings contemplated against K Aswini Sreekanth, who is a Compliance Officer and Key Managerial Personnel in the company, is identified as an officer of doubtful integrity.

Considering this, the company has ordered the suspension of Sreekanth with immediate effect from July 5, 2022, and will remain suspended until further orders are received from MD & CEO.

It is also ordered that he should not leave the headquarters without the written permission of his immediate supervisor or reporting authority during the period that this order is in effect.

Further, the company has authorized GYV Victor, MD & CEO of the Company to communicate with the Stock Exchanges till a new Compliance Officer and KMP is appointed.

Dredging Corporation is currently trading at Rs267.15 up by Rs4.2 or 1.6% from its previous closing of Rs262.95 on the BSE. The scrip opened at Rs263.85 and has touched intraday high and low of Rs267.15 and Rs263.85 respectively.