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

SJ Corporation's board has approved a major management overhaul, following a change in company control. New promoters acquired 49.20 lakh shares from existing promoters for INR 5.904 crore, triggering an open offer for 1.127 crore shares at INR 12 each for public shareholders. The board was significantly reconstituted with a new Managing Director, Executive Director, Independent Directors, and Chief Financial Officer. The company also announced plans to shift its registered office and operations to Rajkot, Gujarat. Additionally, the board approved the financial results for the year ended March 31 and the sale of land for at least INR 1.405 crore to boost working capital.