Please find attached Scrutinizer''s Report
Awaiting price reaction for this filing.
SJ Corporation Limited conducted a postal ballot (e-voting) from 6 February 2026 to 7 March 2026 to seek shareholder approval for a Special Resolution to substantially alter the Object Clause of its Memorandum of Association. Of the 493 eligible shareholders holding 83,55,000 total shares, 23 shareholders participated representing 71,65,777 shares (85.77% of share capital). The resolution was passed unanimously with 100% votes in favour and 0% against, including 100% support from the promoter group (59,20,000 shares) and 100% support from voting public non-institutional shareholders. The amended object clause dramatically broadens the company's permitted business scope — moving from limited operations into rubber/tyre manufacturing, sustainable fuels (pyrolysis oil, sustainable aviation fuel, marine fuel), bio/organic fertilizers and agri-inputs, healthcare and cosmetic products, real estate development, and investment activities.
Shareholders have greenlit a major diversification push, giving the company wide latitude to enter multiple new sectors including sustainable energy and agri-inputs. The unanimous approval (with high 85.77% participation) suggests no investor pushback, but the very broad new mandate could raise governance concerns about strategic focus and execution risk going forward.