The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manoj Kumar Dugar
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Manoj Kumar Dugar, along with persons acting in concert (PACs) Renu Dugar and Divay Dugar, have disclosed the disposal of 8,03,142 equity shares (7.78% of total share capital) of CDG Petchem Ltd under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The sale was executed off-market through a Share Purchase Agreement (SPA) on 19.11.2025. Prior to the disposal, the promoter group collectively held 7,18,140 shares (7.78%); after the disposal, their holding stands at Nil, meaning a complete promoter exit. The acquirers are listed as Lajit Kumar Gupta, Ritesh Kumar Gupta, Lakshmi Gupta, Akshay Kumar Gupta, and Adarsh Kumar Gupta, suggesting a change in the controlling group of the company. The total equity share capital remains unchanged at Rs. 9,23,55,000 (92,35,500 equity shares of Rs. 10 each).
This represents a complete exit by the existing promoter group and a likely change of control, which is a material event for shareholders. Investors should monitor for any subsequent open offer triggered under SEBI Takeover Regulations and watch for governance changes as new promoters take charge.