The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Renu Dugar
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Renu Dugar, a promoter of CDG Petchem Ltd, has disposed of her entire holding of 3,00,362 equity shares, representing 3.25% of the company's paid-up equity capital. The sale was executed off-market through a Share Purchase Agreement (SPA) on December 31, 2025. Before the transaction, she held 3,00,362 shares (3.25%); after the disposal, her holding stands at Nil. The company's total equity capital remains unchanged at Rs. 9.23 crore, comprising 92,35,500 equity shares of Rs. 10 each. This effectively marks a complete exit by the promoter from the company.
A promoter completely exiting her 3.25% stake via an off-market deal is generally viewed negatively by retail investors, as it may signal lack of promoter confidence. However, since the transfer was through a private SPA rather than the open market, there is no immediate supply pressure on the stock price. Shareholders should monitor whether the buyer is taking on any promoter obligations or if this is a benign inter-family or strategic transfer.