The Board at its meeting held on 14.11.2025 have approved for: 1. Resignation of Mr. Manoj Kumar Baid, Mr. Manoj Kumar and Mr. Arvind Surana as Independent Directors of the Company. 2. ....
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CDG Petchem Ltd informed the stock exchange on 14 November 2025 about the resignation of three Independent Directors — Mr. Manoj Kumar Baid, Mr. Manoj Kumar, and Mr. Arvind Surana — effective immediately. Separately, two Non-Executive Non-Independent Directors, Mr. Rajesh Chandanmal Dugar and Mrs. Renu Dugar, also resigned the same day, citing other engagements and personal reasons. All five directors confirmed in their resignation letters that there are no other material reasons for their exit. The Managing Director, Mr. Manoj Kumar Dugar, remains on the board. No replacements have been announced in this filing.
Losing all three Independent Directors at once is a significant governance event and raises short-term questions about board composition and oversight. The company will need to appoint new Independent Directors to comply with SEBI's minimum independent director requirements, and shareholders should watch for the announcement of replacements.