CDG Petchem Limited disclosed comprehensive outcomes from its Board of Directors meeting held on March 26, 2026, covering multiple significant corporate developments including Managing Director resignation, registered office relocation, promoter reclassification completion, and Extraordinary General Meeting approval under SEBI Regulation 30.

Board Meeting Key Decisions

The board meeting, conducted from 4:00 PM to 5:10 PM on March 26, 2026, addressed four major agenda items with regulatory compliance implications. Additional Director Arshdeep Singh Mundi (DIN: 03030608) signed the formal disclosure communicating the meeting outcomes to BSE Limited.

Managing Director Resignation

The board formally acknowledged the resignation of Manoj Kumar Dugar (DIN: 00352733) from his position as Managing Director, effective close of business hours on March 26, 2026. Dugar cited personal reasons for his resignation in his formal letter to the board, expressing gratitude for the support received during his tenure and commitment to ensuring smooth transition.

Registered Office Relocation Approval

The board approved shifting the company's registered office from Telangana to Punjab, subject to shareholder approval at the upcoming Extraordinary General Meeting and confirmation order from the Regional Director. This represents a significant operational change requiring regulatory approvals and stakeholder consent.

Promoter Reclassification Completion

Pursuant to Regulation 31A(10) of SEBI LODR Regulations, 2015, the company confirmed completion of promoter reclassification following the open offer as per Letter of Offer dated September 27, 2025. Seven promoters were reclassified from promoter category to public category with complete divestment of shareholdings.

Each reclassified promoter submitted individual confirmation letters confirming cessation of control, compliance with SEBI LODR criteria including holding less than 10% shareholding with no special rights or board representation, and no objection to updating stock exchange records.

Extraordinary General Meeting Scheduling & Publication

The board approved the draft notice for an Extraordinary General Meeting scheduled for April 24, 2026, to be conducted through Video Conferencing/Other Audio Visual Means. The EGM will seek shareholder approval for the registered office relocation and other matters requiring member consent.

Regulatory Compliance & Newspaper Publication

Pursuant to Regulation 47 of SEBI LODR Regulations, 2015, CDG Petchem Limited published the EGM notice in newspapers on March 29, 2026. The publication ensures compliance with mandatory disclosure requirements for listed companies. The company formally communicated this newspaper publication to BSE Limited through Additional Director Arshdeep Singh Mundi (DIN: 03030608), providing copies of newspaper clippings as evidence of regulatory compliance.

This comprehensive board meeting outcome demonstrates CDG Petchem Limited's adherence to regulatory compliance requirements while managing significant corporate restructuring activities including leadership transition, operational relocation, and ownership structure changes following the completed open offer process.

Jujhar Constructions and Travels Private Limited has disclosed a substantial acquisition of shares in CDG Petchem Limited, filing the mandatory disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The acquisition represents a significant increase in the company's shareholding in the petrochemical firm.

Share Acquisition Details

The acquisition involved 2,76,975 equity shares of CDG Petchem Limited, executed through an off-market share purchase agreement on March 12, 2026. This transaction was conducted pursuant to agreements established earlier, including a shareholding purchase agreement dated April 8, 2025, and a letter of offer dated September 27, 2025.

Shareholding Position Changes

The acquisition has resulted in a notable increase in Jujhar Constructions' ownership stake in CDG Petchem Limited. Prior to this transaction, the company held 65,34,077 shares representing 70.75% of the total voting capital.

Company Capital Structure

CDG Petchem Limited maintains an equity share capital of Rs. 9,23,55,000, comprising 92,35,500 equity shares of Rs. 10 each. The total diluted share capital after the acquisition stands at Rs. 10,00,00,000, representing 1,00,00,000 equity shares of Rs. 10 each.

Jujhar Constructions also holds 5,64,500 warrants or convertible securities, representing 6.11% of the total share capital and 5.65% of the diluted share capital. These holdings remained unchanged following the recent acquisition.

Regulatory Compliance

The disclosure was filed with BSE Limited in compliance with SEBI regulations governing substantial acquisitions. Jujhar Constructions has been classified as a promoter of CDG Petchem Limited following its majority shareholding acquisition through the share purchase agreement executed in April 2025.

The filing was signed by Arshdeep Singh Mundi, Director of Jujhar Constructions and Travels Private Limited, with DIN 03030608, and submitted from Ludhiana on March 14, 2026. CDG Petchem Limited, the target company, is headquartered in Hyderabad, Telangana, with its shares listed on BSE Limited.