The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirag Dugar
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CDG Petchem's promoters — Chirag Dugar and Tara Devi Dugar — have completely exited the company by selling their entire combined stake of 6,15,575 equity shares (6.67% of share capital) on 24 November 2025. The transaction was done off-market through a Share Purchase Agreement, and the disclosure also references an open offer, indicating a likely change in control. Before the sale, the two promoters together held 6,15,575 shares (6.67%); after the sale, their holding is reported as Nil. The company's total equity share capital remains unchanged at Rs. 9.23 crore (92,35,500 shares of Rs. 10 each). This is a full promoter exit in a small-cap company, which is a material event for retail shareholders.
Retail shareholders should brace for a change in control at CDG Petchem. The reference to an open offer means the new acquirer will likely have to make a public offer to buy shares from existing shareholders at a SEBI-determined price, which could be an exit opportunity. However, with the entire promoter group gone to zero, there is no committed management remaining, raising governance uncertainty.