- Business
- CDG Petchem Ltd manufactures knitted fabrics, mattresses, pillows, and insulation sheets in India; trades and distributes minerals, plasticizers, plastic raw materials and products, construction chemicals, building materials, plastic sheets and rods, PVC foam boards, PVC pipes, stretch films, bubble films, CPP films, EVA sheets, technical fabrics, surfactants, pharma chemicals, fumed silica, polymer chemicals, plastic chemicals, petrochemicals, sealants, adhesives, inks, disposables, and automobile accessories; and engages in merchant exports, third-country trade, imports, marketing, and online sales of these products primarily to industrial, construction, FMCG, cosmetic, furniture, and pharmaceutical sectors across India. Incorporated in 2011 and headquartered in Hyderabad, India, the company, formerly known as Urbaknitt Fabs Limited, changed its name to CDG Petchem Limited in January 2020 and operates as an ISO-certified diversified entity within the Chandantara Dugar Group. Recent developments include a share purchase agreement in April 2025 with Jujhar Constructions and Travels Private Limited for promoter share sales leading to an open offer for up to 2,600,000 equity shares at INR 41 per share announced in October 2025; approval for acquisition of at least 51% stake in Jujhar Logistic and Travels Limited; issuance of convertible warrants to promoters and non-promoters on a preferential basis; increase in authorized share capital; and management changes in November 2025 comprising resignation of the CFO and internal auditors alongside appointments of a new CFO and auditors, plus resignation of five directors.