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

SJ Corporation's Board approved its audited financial results for the quarter and year ended March 31. Significant leadership changes occurred, including new Managing and Executive Directors, a new Chairman, and a new CFO. This follows a change in management control, where acquirers purchased 49.20 lakh equity shares from existing promoters for ₹5.904 Cr, plus an open offer for 1.12 crore shares at ₹12 each. The company also plans to shift its registered office to Rajkot and will sell land in Surat for over ₹1.405 Cr to boost working capital. Various shareholder approvals are sought for borrowing limits and asset charges.