CDG Petchem Ltd. Announces Leadership Change and Registered Office Relocation
CDG Petchem Ltd. announced several key changes following a board meeting held on March 26, 2026. The board approved the resignation of Manoj Kumar Dugar from the position of Managing Director, effective March 26, 2026.The board also approved the relocation of the company’s registered office from the State of Telangana to the State of Punjab, pending shareholder approval at an upcoming Extraordinary General Meeting and confirmation from the Regional Director.
Following the completion of an open offer, the company announced the reclassification of several promoters to the public category.
| Name of Promoter(s) and promoter group (s) | No. of Shares Held Pre- Offer | % of Shareholding Pre-Offer | No. of Shares Held Post- Offer | % of Shareholding Post-Offer |
|---|---|---|---|---|
| Manoj Kumar Dugar | 2,56,525 | 8.34% | Nil | 0.00% |
| Rajesh Chandanmal Dugar | 2,76,975 | 9.00% | Nil | 0.00% |
| Tara Devi Dugar | 3,69,325 | 12.00% | Nil | 0.00% |
| Renu Dugar | 2,15,360 | 9.76% | Nil | 0.00% |
| Renu Dugar | 3,00,362 | 7.00% | Nil | 0.00% |
| Chirag Dugar | 2,46,250 | 8.00% | Nil | 0.00% |
| Divay Dugar | 2,46,255 | 8.00% | Nil | 0.00% |
The company confirmed that these former promoters no longer exercise control over the company.
Additionally, the board approved the draft notice for an Extraordinary General Meeting scheduled for April 24, 2026, to be held through video conferencing and other audio-visual means. Any director and the company secretary are authorized to make necessary modifications and filings related to the meeting.
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