The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranir Investments
Awaiting price reaction for this filing.
Pranir Investments, part of the promoter/promoter group of SJ Corporation Ltd, has acquired 72,00,000 equity shares (16.61% of the post-issue capital) through a preferential allotment dated March 20, 2026. Before this acquisition, the acquirer held zero shares in the company, so this is a fresh entry into the promoter group's holdings. The company's total equity capital expanded sharply from Rs. 83.55 lakhs (83.55 lakh shares of Re.1 each) to Rs. 4.33 crores (4.33 crore shares of Re.1 each), meaning roughly 3.5 crore new shares were issued in this preferential round. The disclosure has been filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
Positive signal of promoter group confidence and fresh capital infusion, but retail shareholders should note the significant dilution — pre-existing public shareholders' proportional holding falls to around 19% after this large preferential issue, with the rest of the new shares (about 64%) going to other allottees.