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

SJ Corporation has approved its financial results for the quarter and year. The company saw a major management shake-up as new acquirers took control. A new Managing Director, Executive Director, Independent Directors, and CFO were appointed, while previous promoters and directors stepped down. This change in control follows a share purchase agreement involving 49.20 lakh shares for 5.90 Cr and an open offer for 1.12 Cr shares at ₹12 each. The company plans to shift its registered office to Rajkot, sell land for at least ₹1.40 Cr to fund working capital, and authorize fund-raising for its subsidiary.