Board overhaul: new promoter CEO, director changes, auditor swap, land sale

SJ Corporation's Aug 13, 2026 board meeting approved Q1 FY27 results and major management changes. Promoter Prashant Kalavadia named CEO (brother of MD Pintu); promoter Umang Savani made Chairperson. Two independent directors stepped down citing pre-occupation; two new ones appointed. Statutory auditor SDBA and Co replaced after tenure expiry by Finava and Associates (5-year term). Board also cleared sale of Surat land for Rs 1.41 crore to existing promoter as related party transaction.