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.

CDG Petchem Limited has successfully completed a significant corporate action, acquiring a 51% stake in Jujhar Logistic and Travels Limited. This strategic move marks a notable expansion in CDG Petchem's business portfolio and establishes Jujhar Logistic and Travels Limited as its subsidiary.

Transaction Details

The acquisition was executed through a subscription to 10,410 equity shares of Jujhar Logistic and Travels Limited. This transaction, which was initially proposed on April 8, 2025, has now reached its conclusion, as confirmed by CDG Petchem Limited in its recent communication to the BSE Limited.

Key Points of the Acquisition

Regulatory Compliance

The company has duly informed the BSE Limited about this development, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This timely disclosure ensures transparency and keeps the stakeholders informed about significant changes in the company's structure.

Management Statement

Manoj Kumar Dugar, Managing Director of CDG Petchem Limited, has officially confirmed the completion of this transaction. The formal communication to the stock exchange underscores the company's commitment to regulatory compliance and shareholder transparency.

This acquisition represents a significant move for CDG Petchem Limited, potentially expanding its operational capabilities and market presence.