SJ Corporation Ltd — Important, 01-01-1970: Company Update

Acquirers Pintu Kanjibhai Kalavadia, Prashant Kanjibhai Kalavadia, Umang Kantilal Savani, and Kalpesh Patel have launched a mandatory open offer for SJ Corporation Limited. They aim to acquire up to 1.13 crore shares, representing 26% of the company's expanded voting capital, at ₹12.00 per share for a total consideration of ₹13.53 crore. This offer follows prior agreements to acquire shares from existing promoters and a preferential issue. Upon completion, the acquirers will hold 87.40% of the company, taking control and becoming its new promoters. They intend to continue and potentially diversify the business, with no immediate plans to sell significant assets.