Resignation of Managing Director of the company - Mr. Manoj Kumar Dugar.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CDG Petchem Ltd's board has accepted the resignation of Managing Director Mr. Manoj Kumar Dugar (DIN: 00352733) effective close of business hours on March 26, 2026, citing personal reasons. Separately, seven members of the Dugar promoter family — Manoj Kumar Dugar, Rajesh Chandanmal Dugar, Tara Devi Dugar, Renu Dugar, Chirag Dugar, and Divay Dugar (with Renu Dugar appearing in two separate share entries) — have been reclassified from the 'promoter' category to the 'public' category following the completion of an open offer under SEBI Takeover Regulations (Letter of Offer dated September 27, 2025). Collectively, these erstwhile promoters have gone to 0% shareholding from combined pre-offer holdings of roughly 53% (each held 7–12%). The board has also approved shifting the registered office from Telangana to Punjab, subject to shareholder and Regional Director approvals, and has called an Extra-Ordinary General Meeting on April 24, 2026.
This is effectively a complete change of control at CDG Petchem — the promoter family has exited, the former MD has stepped down, and the company is being repositioned (office shift to Punjab likely tied to the new owners). Shareholders should expect a new management team to be brought in by the acquirer, and the stock could see continued volatility until the new promoter/management is formally announced.