SJ Corporation Ltd — Important, 01-01-1970: Company Update

SJ CORPORATION LIMITED has announced an Open Offer by four acquirers for up to 1.13 Cr shares, representing 26.00% of expanded voting capital, at ₹12.00 per share, payable in cash. This follows an agreement to acquire 49.20 lakh shares for ₹5.90 Cr and a preferential allotment of 2.17 Cr equity shares for ₹26.04 Cr, which were used to make Fishfa Rubbers Limited a wholly-owned subsidiary. The Committee of Independent Directors views the offer price as fair and reasonable. Shareholders should independently evaluate the offer. Post-offer, acquirers will hold up to 87.40% of voting capital and do not plan significant asset disposals, except for an approved land sale for over ₹1.41 Cr. Shares under lock-in cannot be tendered.