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, identified as the incoming promoter of CDG Petchem Ltd, acquired 3,00,362 equity shares (3.25% of total equity capital) through a Share Purchase Agreement via off-market route, pursuant to an open offer. The acquisition took place on December 31, 2025. After the deal, the acquirer's total holding in CDG Petchem stands at 70,98,577 shares representing 70.75% of equity capital and 70.99% of diluted share capital, including warrants/convertibles. The acquisition strengthens the incoming promoter's control and confirms the change in promoter identity of the company.
Shareholders should note that a new promoter entity now controls over 70% of CDG Petchem, which means very low free float and limited liquidity for retail investors. This formal open offer-driven promoter change is a significant corporate event and may affect minority shareholder rights and future stock price stability.