The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jujhar Constructions and Travels Pvt Ltd
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Jujhar Constructions and Travels Pvt Ltd, the incoming promoter of CDG Petchem Ltd, has filed a disclosure under SEBI's Takeover Regulations for acquiring an additional 6,15,575 equity shares (6.67% of pre-acquisition capital) on November 24, 2025, pursuant to its open offer (Letter of Offer dated September 27, 2025). Post this acquisition, the acquirer's voting rights holding stands at 62,33,715 shares (67.50% of existing equity capital), and total holding including warrants rises to 73.61%. The note clarifies that a Share Purchase Agreement was signed with existing promoters, with a balance 5,77,337 shares still to be acquired; once 1,91,152 more equity shares are acquired, Jujhar will formally become the new promoter of the company.
This represents a change of control at CDG Petchem, with an incoming promoter group consolidating majority ownership via the open offer route. Shareholders should expect a leadership transition at the company, and the open offer mechanism provides an exit opportunity at the offer price for remaining public shareholders.