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 sold her entire stake of 3,00,362 equity shares (3.25% of the company's equity capital) through an off-market Share Purchase Agreement dated 31 December 2025. Before the sale, she held 3,00,362 shares (3.25%); after the sale, her holding is reduced to Nil. The transaction was executed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity capital remains unchanged at 92,35,500 shares of Rs.10 each.
This represents a complete exit by a promoter from CDG Petchem, which could be viewed negatively by the market as it signals a loss of promoter confidence. Shareholders should watch for any further disclosures identifying the buyer, as a change in the shareholder base of this size can affect stock sentiment and governance.