Outcome of Board Meeting held on 30th May, 2026

SJ Corporation Ltd reported a complete change in management control through a share purchase agreement. The old promoters (Savjibhai Patel and Ushaben Patel) sold 11.35% stake (49,20,000 shares) to new acquirers led by Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia at Rs. 12 per share. An open offer for 26% of voting capital is underway at the same price. Four new directors were appointed including the Kalavadia brothers as Managing Director and Executive Director, while four existing directors resigned due to the change in management. The company also approved shifting its registered office from Mumbai to Rajkot, Gujarat. Financially, the company achieved revenue of Rs. 2,103.65 lakhs for FY26 (up 37.4% from Rs. 1,531.09 lakhs in FY25) and turned profitable with net profit of Rs. 71.21 lakhs versus a loss of Rs. 20.18 lakhs in the previous year. The auditors issued an unmodified (clean) opinion.