Announcement under Regulation 30 - Change in Management

SJ Corporation Ltd has undergone a complete change in management control. The existing promoters (Savji D Patel and Ushaben Savjibhai Patel) have sold their 11.35% stake (49,20,000 shares) to four new acquirers led by Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia (brothers) for Rs 5.90 crore at Rs 12 per share. A concurrent open offer for 26% equity shares at the same price is underway. The board has been completely reconstituted with 4 new director appointments (including the new Managing Director and Executive Director), while 4 directors including CFO Ashish Satani resigned due to management change. The company also reported FY26 net profit of Rs 71.21 lakh versus a loss of Rs 20.18 lakh in FY25, with total income of Rs 2,193.30 lakh. Additional approvals include shifting registered office from Mumbai to Rajkot, sale of land for Rs 1.40 crore, and increased borrowing limits.