Diggi Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Public Announcement, the Detailed Public Statement and the Draft Letter of ....
Awaiting price reaction for this filing.
Diggi Corporate Advisors, acting as the Manager to the Offer, has submitted a corrigendum to the Public Announcement, Detailed Public Statement, and Draft Letter of Offer dated May 7, 2026. The open offer is being made by four individuals - Mr. Pintu Kanjibhai Kalavadia, Mr. Prashant Kanjibhai Kalavadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel. They are offering to acquire up to 1,12,72,300 equity shares representing 26% of the expanded share capital of SJ Corporation Limited from public shareholders. The corrigendum updates the original filings which included the Public Announcement (January 30, 2026), Detailed Public Statement (February 5, 2026), and Draft Letter of Offer (February 13, 2026). This appears to be a mandatory open offer under SEBI (SAST) Regulations, likely triggered by an underlying acquisition or change in control.
Existing shareholders of SJ Corporation Ltd now have the option to tender their shares at the offer price within the specified window. The offer of 26% stake may lead to change in control or significant ownership change, which could impact the company's future direction and stock valuation.