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

SJ Corporation's Board announced a major leadership change. New promoters acquired control by purchasing 49.20 lakh shares for ₹5.90 Cr, leading to a new Managing Director, Executive Director, Independent Directors, and CFO. The previous MD was re-designated, and several directors ceased. The company approved its financial results for the quarter and year with a clean audit opinion. Strategic shifts include moving the registered office to Rajkot and selling land for ₹1.41 Cr to enhance working capital. These changes, alongside proposed increased borrowing limits and related party transactions, signal a new strategic direction subject to shareholder approval.