The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jujhar Constructions & Travels Pvt Ltd
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Jujhar Constructions & Travels Pvt Ltd (JCTPL), a non-promoter entity, acquired 49,00,000 equity shares and 5,64,500 convertible warrants of CDG Petchem Ltd through a preferential allotment dated June 14, 2025. The issue price was Rs. 41 per share/warrant (face value Rs. 10, premium Rs. 31). Before this transaction JCTPL held zero shares; after the allotment it holds 49% of the expanded equity capital and 54.65% of the fully diluted share capital. The company's equity capital expanded from Rs. 3.08 crore to Rs. 9.24 crore, with total diluted capital rising to Rs. 10 crore. The disclosure explicitly confirms JCTPL does NOT belong to the promoter/promoter group, meaning a large strategic stake has moved to an outside party.
This is a major control-shifting event — a single non-promoter entity now owns nearly half the company, likely pushing existing promoters well below 50% and raising the possibility of board/management changes. Shareholders should watch for follow-up disclosures on whether JCTPL will trigger a mandatory open offer and any changes to the promoter group composition.