Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, at its meeting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CDG Petchem Limited's board met on March 26, 2026 and approved four major items. First, Managing Director Mr. Manoj Kumar Dugar (DIN: 00352733) resigned for personal reasons, effective the close of business hours on the same day. Second, the board approved shifting the registered office from Hyderabad (Telangana) to Punjab, subject to shareholder approval at the upcoming EGM and confirmation from the Regional Director. Third, seven members of the Dugar promoter family have been reclassified as public shareholders following the completion of an open offer (Letter of Offer dated September 27, 2025) - all now hold 0% stake, having collectively held over 62% pre-offer. Fourth, an Extra-Ordinary General Meeting has been scheduled for April 24, 2026 via video conferencing to seek shareholder approval for the office shift.
This marks a complete exit of the original promoter group, leaving the company effectively without promoters in the traditional sense - a major ownership change for shareholders to monitor. Combined with the sudden MD resignation and proposed relocation to Punjab, retail investors should review the EGM notice on April 24 and assess how new management and ownership will steer the company going forward.