Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Change in Designation of Directors
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CDG Petchem Ltd held its First Extra-Ordinary General Meeting on April 24, 2026, where shareholders approved the regularization of five directors previously appointed as Additional Directors. Two Independent Directors (Ms. Rita Aggarwal and Ms. Kajal Jangra) were regularized for 5-year terms effective November 14, 2025. Additionally, Mr. Akashdeep Singh Mundi and Mr. Arshdeep Singh Mundi (brothers) were regularized as Non-Executive and Executive Directors respectively, with both effective from November 14, 2025. Mr. Jagjit Singh Rai was appointed as Whole-time Director for a 5-year term.
This is a positive board strengthening move as all five directors have been formally regularized with shareholder approval. However, the appointment of two brothers (Akashdeep and Arshdeep Singh Mundi) to non-independent positions may raise governance concerns regarding family concentration on the board.