Announcement under Regulation 30 - Change in Registered Office of the company.
Awaiting price reaction for this filing.
SJ Corporation Ltd has undergone a major change in management control through an open offer takeover. New promoters led by Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia acquired 11.35% stake (49.20 lakh shares) from existing promoters at Rs 12 per share and made an open offer for additional 26% shares at the same price. The entire board has been reconstituted with 4 new director appointments and 4 resignations. The company also approved shifting its registered office from Mumbai to Rajkot, Gujarat. Financially, standalone revenue for FY2026 stood at Rs 2,103.65 lakhs with net profit of Rs 71.21 lakhs, compared to a loss of Rs 20.18 lakhs in the previous year. Equity share capital increased significantly from Rs 83.55 lakhs to Rs 433.55 lakhs due to new share issuance.
This is a significant change in control transaction which may lead to new business strategies and management priorities. The shift to Rajkot and new leadership team may change the company's operational focus. Existing shareholders should note the open offer is ongoing at Rs 12 per share.