BSESJ Corporation LtdLowNeutral
Announced Mon, 2 Mar · 16:52 IST

Please find attached Proceeding of Extra Ordinary General Meeting.

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

SJ Corporation Ltd held its Extra Ordinary General Meeting on 02 March 2026 at 11:30 AM via video conferencing, concluding at 11:44 AM. All 7 directors and 16 members attended the meeting through VC. Four special business items were tabled for shareholder consideration: (1) approval of issue of equity shares on a preferential basis to proposed promoters/promoter group and non-promoter/public category investors, (2) regularization of Mr. Maulik Pravinbhai Dalsaniya as Independent Director, (3) regularization of Mr. Jagdishbhai Vijaybhai Pambhar as Executive Director, and (4) approval of the acquisition of M/s Fishfa Rubbers Limited (FRL) from its existing shareholders. E-voting continued for 15 minutes after the meeting, and voting results along with the scrutinizer's report are to be announced within 48 hours.

Likely market impact

The EGM covers significant corporate actions — a preferential equity share issue (which will dilute existing shareholders), board restructuring with two new directors, and a notable acquisition of Fishfa Rubbers Limited. The outcome of these special resolutions and the final voting results, expected within 48 hours, will be key near-term catalysts for the stock.