The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Securocrop Securities India Pvt Ltd & PACs
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Securocrop Securities India Pvt Ltd, along with persons acting in concert (Sangeeta Pareekh and BGP 11 Analytics Pvt Ltd), has disclosed an acquisition of 9,26,000 equity shares (10.03% of post-acquisition equity capital and 9.26% of diluted capital) in CDG Petchem Ltd through a preferential allotment on June 14, 2025. The acquirer group held Nil shares before the acquisition, meaning this is a fresh entry crossing the 10% SAST disclosure threshold. CDG Petchem's equity share capital expanded significantly from Rs. 3.08 crore (30.77 lakh shares) to Rs. 9.24 crore (92.35 lakh shares) as part of this allotment, indicating a major fund-raising event. The acquirers are not part of the promoter/promoter group of the company. The newly allotted shares will rank pari-passu with existing equity shares subject to applicable SEBI lock-in rules.
This is a non-promoter entity crossing the 10% ownership threshold in CDG Petchem, which could signal a potential strategic investor or financial backer taking a meaningful stake. Shareholders should watch for further disclosures, as crossing 10% obligates the acquirer to make open offer considerations under SAST norms. The substantial increase in share capital via preferential allotment may lead to equity dilution for existing shareholders.