SJ Corporation Limited has submitted the notice for its 45th Annual General Meeting (AGM) to the Bombay Stock Exchange (BSE). The meeting is scheduled to be held on Monday, September 28, 2026, at 11:00 am through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

The Board of Directors approved the notice during its meeting on August 27, 2026. Shareholders holding shares as on the cut-off date of September 21, 2026, will be eligible to vote. Remote e-voting will be open from September 25, 2026, at 9:00 am until September 27, 2026, at 5:00 pm. Aparna Tripathi & Associates has been appointed as the scrutinizer for the e-voting process.

Financial Results for FY26

The AGM notice includes the adoption of the standalone and consolidated audited financial statements for the financial year ended March 31, 2026 (FY26).

Standalone revenue increased from ₹1,531.09 lakhs in FY25 to ₹2,103.65 lakhs in FY26. The company reported a standalone net profit after tax of ₹71.21 lakhs, compared to a net loss of ₹20.18 lakhs in the previous year. On a consolidated basis, revenue rose to ₹2,450.06 lakhs, while the group reported a consolidated net loss of ₹23.89 lakhs, narrowing from a loss of ₹20.18 lakhs in FY25.

Key Resolutions

Shareholders will consider several ordinary and special resolutions during the AGM:

• Re-appointment of Director: Re-appointment of Mr. Deepak Bhikhalal Upadhyay as a director liable to retire by rotation.
• Statutory Auditor: Appointment of M/s Finava and Associates as statutory auditors for five years, filling the casual vacancy caused by the resignation of SDBA & Co.
• Secretarial Auditor: Appointment of M/s Pooja Gala & Associates as secretarial auditors for five years, commencing from FY26.
• Property Sale Ratification: Ratification of the sale of company land situated at Kosmada, Surat, to promoter Mr. Savji Patel for a consideration of not less than ₹1.41 crore. This transaction requires shareholder approval under Section 180(1)(a) of the Companies Act, 2013.
• Board Regularization: Regularization of the appointments of Mr. Umang Kantilal Savani as Chairman and Non-Executive Director, Mr. Ronak Vallabhbhai Kalathiya as Independent Director, and Mrs. Mayuri Priyankkumar Savani as Independent Woman Director.
• Articles of Association: Alteration of the Articles of Association to insert a new clause allowing shareholders to waive their right to receive dividends.

Corporate Developments

During FY26, SJ Corporation underwent significant changes in management and control. The existing promoters entered into a Share Purchase Agreement with new acquirers, leading to a change in the Board composition on May 30, 2026. The company also acquired 99.99% equity shares of Fishfa Rubbers Limited, which became a wholly-owned subsidiary. Consequently, the company altered its main object clause in the Memorandum of Association to include rubber business activities.

The registered office of the company was shifted from Gujarat to Maharashtra during the year. However, pursuant to the change in management based in Rajkot, Gujarat, the Board has approved shifting the registered office back to Gujarat, subject to regulatory approvals. The books of accounts and statutory registers are currently maintained at the corporate office in Rajkot.

Pintu Kanjibhai Kalavadia, a promoter of SJ Corporation Limited, acquired 55 equity shares of the company. The acquisition was executed pursuant to the open offer made by the company, which closed on August 3, 2026.

The transaction was reported to the Bombay Stock Exchange on September 1, 2026. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Holding Details

Prior to this acquisition, Kalavadia held 88,35,816 shares, representing 20.38% of the total voting capital. Following the purchase of 55 shares, his total holding stands at 88,35,871 shares. The percentage stake remains unchanged at 20.38%.

The mode of acquisition is classified as off-market, specifically noting that the shares were acquired in the open offer. There are no encumbrances, warrants, or convertible securities associated with this holding.

Corporate Structure

SJ Corporation Limited has an equity share capital of ₹43,355,000, divided into 43,355,000 equity shares of ₹1 each. This capital structure remained unchanged before and after the acquisition.

Kalavadia had previously announced the open offer via a public announcement dated January 30, 2026. The offer successfully closed on August 3, 2026, leading to this minor adjustment in his shareholding.