Please find attached Scrutinizer Report
Awaiting price reaction for this filing.
SJ Corporation Ltd held an Extra Ordinary General Meeting (EOGM) on March 2, 2026, via video conferencing, where all 4 special resolutions were passed with 100% approval (no votes against). Out of 293 shareholders, 19 participated in remote e-voting, 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 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 for the acquisition of M/s. Fishfa Rubbers Limited from its existing shareholders. The Scrutinizer (Pooja Gala & Associates) confirmed all resolutions were passed with the requisite majority and that all procedural compliances under the Companies Act, 2013 and SEBI/MCA circulars were met.
The preferential share issuance will lead to dilution of equity for existing public shareholders, while the acquisition of Fishfa Rubbers Limited could expand the company's business footprint. The unanimous 100% approval and high voting turnout (85.62%) suggest strong shareholder alignment with management's decisions, though retail investors should monitor the terms of the preferential allotment (issue price, dilution percentage) and the financial impact of the FRL acquisition.