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, the acquirer and now-classified promoter of CDG Petchem Ltd, has disclosed an additional acquisition of 2,76,975 equity shares (about 3% of paid-up capital) through an off-market Share Purchase Agreement pursuant to an open offer on March 12, 2026. This is part of a larger transaction originally agreed on April 8, 2025, under which the acquirer has completed buying 19,11,052 shares in total. After this latest tranche, Jujhar Constructions' total holding in CDG Petchem has risen from 70.75% to 73.75% (voting rights basis 65.34% to 68.11%), and the company is now the majority shareholder and has been classified as a promoter of CDG Petchem. The equity base of CDG Petchem remains at 92,35,500 shares of Rs 10 each. Encumbered shares held by the acquirer stayed unchanged at 5,64,500 shares.
This is a promoter-level acquisition that further consolidates control of CDG Petchem Ltd in favour of Jujhar Constructions, lifting promoter holding to nearly three-quarters of the company. For existing minority shareholders, it means reduced public float and stronger promoter grip, while signalling a change in management control that was originally triggered by the April 2025 open offer process.