Financial Results for March 2026
Awaiting price reaction for this filing.
SJ Corporation Ltd reported standalone revenue from operations of Rs 2,103.65 lakhs for FY2026, up 37.4% from Rs 1,531.09 lakhs in FY2025. The company swung from a net loss of Rs 20.18 lakhs in FY2025 to a net profit of Rs 71.21 lakhs in FY2026. Total income increased to Rs 2,193.30 lakhs from Rs 1,543.24 lakhs. The auditors SDBA & Co. issued an unmodified (clean) opinion on the financial statements. The filing also details a significant change of management control, with Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia (brothers) acquiring 11.35% stake for Rs 5.90 crore at Rs 12 per share, along with an open offer for 26% of voting capital at the same price. Multiple directors and the CFO resigned due to this change, with new management appointees from Rajkot taking over. The registered office is proposed to shift from Mumbai to Rajkot, Gujarat.
Strong financial turnaround with 37% revenue growth and return to profitability. However, the significant change of management control and proposed office relocation to Rajkot represents a major strategic shift that investors should monitor, as new promoters have acquired control through an open offer.