SJ Corporation Ltd — Important, 30-05-2026: Company Update

SJ Corporation's board has approved the audited financial results for the quarter and year ended March 31. A significant management and control change is underway, with new acquirers purchasing 11.35% of equity for ₹5.90 Cr and launching an open offer for an additional 26% at ₹12 per share. This led to a substantial reshuffle in the board and key management, including new Managing Director, Executive Director, Independent Directors, and Chief Financial Officer. The company plans to move its registered office to Gujarat, reconstitute committees, and, subject to shareholder approval, sell land for at least ₹1.41 Cr to enhance working capital.