Pranir Investments has acquired a significant stake in SJ Corporation Limited through preferential allotment, as disclosed in a regulatory filing under SEBI's substantial acquisition norms. The Mumbai-based investment firm acquired 72,00,000 equity shares, representing 16.61% of the expanded share capital.

Acquisition Details

The acquisition was completed through preferential allotment on 20/03/2026, with Pranir Investments having no prior shareholding in SJ Corporation Limited. The investment firm does not belong to the promoter or promoter group of the target company.

Share Capital Expansion

The preferential allotment resulted in a substantial expansion of SJ Corporation's equity share capital. The company's share capital increased from Rs. 83,55,000 divided into 83,55,000 equity shares of Re. 1 each to Rs. 4,33,55,000 divided into 4,33,55,000 equity shares of Re. 1 each post-acquisition.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Chandresh Lotia, Partner at Pranir Investments, signed the disclosure document dated 24/03/2026, which was submitted to BSE Limited where SJ Corporation's shares are listed.

Post-Acquisition Holdings

Following this acquisition, Pranir Investments' total holding in SJ Corporation Limited stands at 72,00,000 equity shares, representing 16.61% of both the total share capital and diluted share capital. The firm has no other instruments such as warrants, convertible securities, or voting rights beyond equity shares in the target company.

SJ Corporation Ltd has successfully completed its preferential allotment of equity shares, raising ₹42,00,00,000 through the issuance of 3,50,00,000 equity shares. The Board of Directors approved the allotment on March 13, 2026, marking a significant capital raising exercise for the Mumbai-based company.

Share Allotment Details

The preferential allotment involved the issuance of 3,50,00,000 equity shares at a face value of Re.1/- each, priced at ₹12 per share including a premium of ₹11. The allotment was conducted following the special resolution passed in the Extraordinary General Meeting held on March 02, 2026, and pursuant to BSE Limited's in-principal approval letter dated March 09, 2026.

Capital Structure Transformation

The preferential allotment has resulted in a substantial increase in the company's paid-up capital. Prior to the allotment, SJ Corporation's paid-up capital stood at ₹83,55,000, comprising 83,55,000 equity shares of face value Re.1/- each. Post allotment, the paid-up capital has increased to ₹4,33,55,000, representing 4,33,55,000 equity shares of face value Re.1/- each.

Investor Composition

The allotment was made to 11 investors comprising both promoters and non-promoters. The major allottees include:

Promoter Group:

• Pintu Kanjibhai Kalavadia: 82,11,874 shares (18.94%)
• Prashant K Kalavadia: 82,11,874 shares (18.94%)
• Umang Kantilal Savani: 42,61,202 shares (9.83%)
• Kalpesh Patel: 10,15,050 shares (2.34%)

Non-Promoter Investors:

• Falguni Chandresh Lotia and Chandresh Lotia (Pranir Investments): 72,00,000 shares (16.61%)
• Quantam Strategic Advisors LLP: 28,50,000 shares (6.57%)
• Apex Advisors LLP: 27,50,000 shares (6.34%)
• Individual investors from Dholakia family: 5,00,000 shares collectively

Regulatory Compliance

The company has fulfilled all regulatory requirements for the preferential allotment. The newly allotted equity shares rank pari passu with the existing equity shares of the company. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated July 13, 2023.

The Board meeting for approving the allotment commenced at 04.30 P.M. and concluded at 05.00 P.M. on March 13, 2026. The company has received the full consideration amount of ₹42,00,00,000 for the allotment as per the terms of the issue.