Fishfa Rubbers Limited, a material wholly owned subsidiary of SJ Corporation Ltd, has allotted 2,05,705 Series A cumulative compulsorily convertible preference shares (CCCPS) and 100 equity shares on a preferential basis through private placement. The Board of Fishfa Rubbers Limited approved the allotment on June 11, 2026, following which the issue was fully subscribed and funds were infused by a single investor. Each security carries a nominal value of INR 10.

Allotment Details

The preferential allotment comprises equity shares and Series A CCCPS. The issuance was conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circulars.

The disclosure regarding the conversion of the Series A CCCPS will be intimated upon the conversion of the instruments or upon the lapse of their tenure. The intimation regarding this allotment has been hosted on the website of SJ Corporation Ltd.

SJ Corporation Limited has published a notice in newspapers informing shareholders about its postal ballot and e-voting process. The notice appeared in The Free Press Journal (English) and Navshakti (Marathi) on June 3, 2026, complying with Regulation 47 of the SEBI (LODR) Regulations, 2015. The company is seeking shareholder approval for 12 resolutions, including a proposal to shift its registered office from Maharashtra to Gujarat to align with new management and improve operational efficiency.

The Board of Directors, in its meeting held on May 30, 2026, approved the appointment of Ms. Aparna Tripathi from M/s. Aparna Tripathi & Associate as the Scrutinizer. The remote e-voting period commences on June 04, 2026, at 9:00 a.m. IST and concludes on July 03, 2026, at 5:00 p.m. IST. Members whose names appear in the Register of Members as of the close of business hours on May 29, 2026, are eligible to vote.

Key Resolutions for Approval

The resolutions cover governance and financial matters. Item 1 seeks approval for shifting the registered office from Maharashtra to Gujarat. Item 2 proposes the appointment and regularization of Mr. Pintu Kanjibhai Kalavadia (DIN: 00385068) as Managing Director. Item 3 seeks the re-designation of Mr. Deepak Bhikhalal Upadhyay (DIN: 02270389) from Managing Director to Executive Director for five years commencing May 31, 2026.

Further resolutions include the regularization of additional directors. Mr. Prashant Kanjibhai Kalavadia (DIN: 02170444) is proposed to be appointed as Executive Director, while Ms. Ekta Ankur Dholakia (DIN: 10150882) and Mr. Pragnesh Kishorbhai Sonchhatra (DIN: 11605316) are proposed to be appointed as Independent Directors for a term of five years.

Financial Authorizations and Related Party Transactions

The company seeks approval to increase its overall borrowing limits to ₹100 crore. Additionally, shareholders are asked to approve the creation of charges on the company’s assets to secure these borrowings. The company also seeks authorization to advance loans, provide guarantees, or give security up to ₹100 crore under Section 185 of the Companies Act, 2013.

Approval is also sought for investments, loans, and guarantees under Section 186 of the Companies Act, 2013, with limits not exceeding ₹100 crore. An ordinary resolution proposes approval for material related party transactions during the financial year 2026-2027. The related parties include Fishfa Rubbers Limited, Fishfa World Trade Limited, and Fishfa Biogenics Limited, among others, with transaction values set at ₹50 crore each.

Sale of Property and Voting Details

A special resolution seeks approval for the sale of company-owned land at Kosmada, Taluka-Kamrej, Surat, to Dudhat Ashvin Himmatbhai for a consideration not less than ₹1,40,50,000. The results of the postal ballot will be announced within two working days from the close of the voting period and will be hosted on the company’s website.