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

SJ Corporation's Board has approved the financial results for the quarter and year ended March 31, 2026, with an unmodified auditor's opinion. A significant change in management control has occurred, with new acquirers taking charge. This led to a major board reconstitution, including the appointment of Mr. Pintu Kanjibhai Kalavadia as Managing Director. The acquirers purchased 49.20 lakh equity shares for INR 5.904 Cr and made an open offer for 1.127 Cr shares to public shareholders. The company plans to shift its registered office to Rajkot and sell land for at least INR 1.405 Cr to raise working capital.