Announcement under Regulation 30 - Change in Corporate Office of the Company
Awaiting price reaction for this filing.
SJ Corporation Limited held its board meeting on May 30, 2026, approving multiple significant matters. Financially, the company reported FY2026 standalone revenue of Rs 2,103.65 lakhs (up 37% from Rs 1,531.09 lakhs in FY2025) and turned profitable with net profit of Rs 71.21 lakhs versus a loss of Rs 20.18 lakhs in the previous year. The most significant event is a complete change of control: new acquirers led by Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia (brothers) have acquired 11.35% stake from existing promoters and are making an open offer for 26% of voting capital at Rs 12 per share. The entire board has been reconstituted with 4 new director appointments and 4 resignations. The company also plans to shift its registered office from Mumbai to Rajkot and sell land at Kosmada, Surat for Rs 1.40 crores to fund working capital.
This is a transformative event for shareholders - complete management change with new promoters taking control, company relocating to Rajkot. The financial turnaround to profit and Rs 4,200 lakh equity raise signals new management's intent to grow the business. Existing shareholders face an open offer at Rs 12 per share.