Pursuant to Regulations 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of CDG Petchem Limited ....
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CDG Petchem Limited has informed BSE that all seven erstwhile promoters and promoter group members have been reclassified from the 'promoter' category to the 'public' category following completion of an open offer under SEBI Takeover Regulations, 2011 (Letter of Offer dated September 27, 2025). Pre-offer, these promoters collectively held around 62% of the company's shares, including Tara Devi Dugar (12%), Renu Dugar (16.76% across two folios), Rajesh Chandanmal Dugar (9%), Manoj Kumar Dugar (8.34%), Chirag Dugar (8%), and Divay Dugar (8%). Post-offer, all of them hold zero shares and have confirmed they no longer exercise any control, hold no board seats, and have no special rights in the company.
This represents a complete exit of the founding promoter family from CDG Petchem through an open offer, resulting in a change of control. Existing public shareholders should expect new owners/acquirers to take over management, which could bring changes in strategy and governance. The stock may see volatility around the change of control narrative.