The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Quantam Strategic Advisors LLP
Awaiting price reaction for this filing.
Quantam Strategic Advisors LLP, a non-promoter entity based in Rajkot, has acquired 28,50,000 equity shares (6.57%) of SJ Corporation Ltd through a preferential allotment dated 20/03/2026. Before this acquisition, the LLP held zero shares in the company. Post-acquisition, its total holding stands at 28.5 lakh shares representing 6.57% of the share capital. The company's equity capital has expanded sharply from Rs. 83.55 lakh (83.55 lakh shares) to Rs. 4.33 crore (4.3355 crore shares) of Re. 1 each, indicating a significant preferential issue. The disclosure is filed under Reg 29(1) of the Takeover Code, triggered by the acquirer crossing the 5% disclosure threshold.
Existing shareholders face substantial dilution as the share count has increased over 5x via the preferential issue. A new non-promoter entity now holds a meaningful 6.57% stake, and if it acquires more shares up to 10%, it could approach the open offer trigger threshold under takeover rules.