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 announced that Managing Director Mr. Manoj Kumar Dugar (DIN: 00352733) has resigned citing personal reasons, effective March 26, 2026. Separately, all seven members of the Dugar promoter family — who together held roughly 62% of the company pre-offer — have been reclassified from 'promoter' to 'public' category after an open offer completed under the Letter of Offer dated September 27, 2025; all of their shares have been sold down to nil. The board has also approved shifting the company's registered office from Telangana to Punjab, pending shareholder and Regional Director approval. An Extra-Ordinary General Meeting has been scheduled for April 24, 2026 to seek necessary approvals. The filing was signed by Additional Director Arshdeep Singh Mundi, suggesting a new management team is already in place.
This signals a complete change in control — the original promoter family has fully exited via an open offer, and the last remaining executive director from that family has stepped down. Shareholders should expect a new management/board to be constituted soon, and the Punjab office shift hints the acquirer's operations may be based there. The stock could see governance uncertainty in the short term until the new controlling group formalizes its board.