Please find attached Outcome of Extra ordinary General Meeting of the Company.
Awaiting price reaction for this filing.
SJ Corporation Ltd held an Extra Ordinary General Meeting on March 2, 2026 via video conferencing, where all four special resolutions on the agenda were approved with 100% votes in favour and zero votes against. Out of 493 eligible shareholders, 19 voted, representing 71,53,517 shares (85.62% of the total 83,55,000 shares). The resolutions covered: (1) issue of equity shares on a preferential basis to the proposed promoters/promoter group and non-promoter/public category investors for cash consideration, (2) regularization of Mr. Maulik Pravinbhai Dalsaniya as Independent Director, (3) regularization of Mr. Jagdish Vijaybhai Pambhar as Executive Director, and (4) approval to acquire M/s. Fishfa Rubbers Limited from its existing shareholders. Promoters holding 59,20,000 shares voted entirely in favour of every resolution.
Shareholders should note three key developments: a potential equity dilution through the preferential allotment to promoters and select investors, a change in the board with two new directors, and an acquisition of Fishfa Rubbers Limited. The preferential issue and acquisition will reshape the company's capital structure and business portfolio, which may materially affect minority shareholders once pricing and timelines are disclosed.