SJ Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 of ....
Awaiting price reaction for this filing.
SJ Corporation Ltd has called a Board meeting on May 30, 2026 to address multiple significant matters. The most critical items include a change in management and control via a Share Purchase Agreement, which has triggered SEBI's Takeover Regulations with the acquirer depositing 100% escrow amount. The meeting also proposes the sale of the Company's land assets, shifting of registered office across states, director changes, and approval of Q4/FY2026 audited financial results. The trading window remains closed until 48 hours after financial results declaration.
This is a major corporate governance event indicating a change of control through an open offer. The sale of land assets could signal strategic restructuring or asset monetisation. Shareholders should expect an open offer announcement for remaining public shareholding, as the acquirer is being inducted onto the board under SEBI SAST Regulations.