The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manoj Kumar Dugar
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Awaiting price reaction for this filing.
The promoter group of CDG Petchem Ltd — Manoj Kumar Dugar (2.78%), Renu Dugar (3.25%) and Divay Dugar (2.67%) — has disposed of all their combined 8,03,142 equity shares (8.7% of total share capital) through an off-market Share Purchase Agreement dated 19.11.2025. After the transaction, promoter holding in the company has dropped to Nil (from 8.7%). The buyers are a set of five new individuals — Lalit Kumar Gupta, Ritesh Kumar Gupta, Lakshmi Gupta, Akshay Kumar Gupta and Adarsh Kumar Gupta. The filing also references an open offer disclosure, indicating the new acquirers may trigger a public open offer to other shareholders. The company's total share capital remains unchanged at Rs. 9,23,55,000 (92,35,500 shares of Rs. 10 each).
This is a full change of control event — the existing promoters have completely exited, and a new group of buyers has stepped in, likely triggering an open offer to remaining public shareholders. Investors should watch for the open offer price announcement and any resulting change in management or business direction.