The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pintu Kalavadia & Others
Awaiting price reaction for this filing.
SJ Corporation Ltd has received disclosures from seven acquirers who collectively received 3,50,00,000 equity shares (about 80.7% of the expanded capital) via preferential allotment on 20/03/2026. Four acquirers — Pintu Kalavadia (18.94%), Prashant Kalavadia (18.94%), Umang Savani (9.83%), and Kalpesh Patel (2.34%) — are proposed new promoters, together holding around 50% of the post-issue capital. The remaining three — Pranir Investments (16.61%), Apex Advisors LLP (6.34%), and Quantam Strategic Advisors LLP (6.57%) — are non-promoter allottees. The company's equity expanded sharply from 83.55 lakh shares (₹83.55 lakh) to 4.33 crore shares (₹4.33 crore). The disclosures are linked to a change in management, with an open offer already announced on 30 January 2026 and SEBI approval for the management change still awaited.
This is a major control-change event — new promoters are taking over the company through a large preferential issue, which will materially shift the shareholding pattern and dilute existing public shareholders. Existing investors should expect increased volatility and watch for the open offer price, SEBI's management-change approval, and the resulting board reconstitution.