The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Apex Advisors LLP
Awaiting price reaction for this filing.
Apex Advisors LLP, a non-promoter entity, has disclosed the acquisition of 27,50,000 equity shares (6.34%) of SJ Corporation Ltd through a preferential allotment on 20-03-2026. Before this acquisition, Apex Advisors LLP held zero shares in the company. The acquisition was done on a preferential basis, and the company's total equity share capital expanded from Rs. 83.55 lakh (83,55,000 shares) to Rs. 4,33,55,000 (4,33,55,000 shares) of Re. 1 each. The filing is made under Regulation 29(1) of SEBI (SAST) Regulations, 2011, which is triggered when an acquirer's holding crosses the 5% threshold.
A new non-promoter entity now holds 6.34% of SJ Corporation Ltd, which is just above the 5% SAST disclosure threshold. The significant expansion of the share capital (more than 5x) means existing shareholders' stakes have been diluted, and investors should watch for any further acquisitions by Apex Advisors LLP that could approach the 10% trigger level or indicate a change in control dynamics.