Please find attached Notice of EGM
Awaiting price reaction for this filing.
SJ Corporation has called an EGM on March 02, 2026 (via video conferencing) to seek shareholder approval on four items. The main item is a preferential allotment of 3.5 crore equity shares at ₹12 per share (face value ₹1, premium ₹11), aggregating to ₹42 crore, to proposed promoters and non-promoter investors. Allottees include individuals like Pintu Kalavadia, Prashant Kalavadia, Umang Savani, and entities like Apex Advisors LLP, Quantam Strategic Advisors LLP, and Pranir Investments. The second and third items seek regularization of two directors — Mr. Maulik Dalsaniya as Independent Director and Mr. Jagdish Pambhar as Executive Director — both for a five-year term. The fourth item is approval to acquire 99.99% of M/s. Fishfa Rubbers Limited (FRL) for a cash consideration of up to ₹47.16 crore.
The preferential issue at ₹12 per share will dilute existing shareholders but raise ₹42 crore from promoter group and select investors, potentially strengthening the balance sheet. The proposed ₹47.16 crore acquisition of Fishfa Rubbers is a major capital deployment that will expand the company's business but increases execution and integration risk. Existing shareholders should watch for the use of proceeds and valuation details of the FRL acquisition.