Recommendation of the Committee of Independent Directors ("IDC") on the Open Offer to the Equity Shareholders of CDG Petchem Limited ("Target Company").
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CDG Petchem Ltd has informed the stock exchange that the Committee of Independent Directors (IDC) has published its recommendation on an open offer made to its equity shareholders. The open offer is for the acquisition of 26,00,000 (26 lakh) equity shares of the company. The recommendation was made on October 06, 2025 under SEBI's Takeover Regulations and published in newspapers including Financial Express, Jansatta, Pratahkal, and Nava Telangana on October 07, 2025. The filing was signed by Managing Director Manoj Kumar Dugar.
This is a procedural update confirming that the independent directors have issued their formal recommendation on the ongoing open offer. Shareholders should review the IDC's recommendation to assess whether the offer price and terms are fair before deciding to tender their shares.