CDG Petchem Ltd: Promoters Reclassified as Public Shareholders After Open Offer Completion

CDG Petchem Limited has announced that several promoters, including Manoj Kumar Dugar, Rajesh Chandanmal Dugar, Tara Devi Dugar, Renu Dugar, Chirag Dugar, and Divay Dugar, have been reclassified from the promoter category to the public category. This change comes after the completion of an open offer and in accordance with the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and SEBI (LODR) Regulations, 2015. The erstwhile promoters no longer exercise control over the company and have submitted requests for reclassification. The company has confirmed this reclassification and has requested the stock exchange to update their records accordingly.