SJ Corp promoter Kalpesh Patel acquires 1.03 lakh shares in open offer

1 min read | Published on 26 Aug 2026, 01:11 PM |Updated on 26 Aug 2026, 01:11 PM

Reviewed by

Shriram SScanX News Team

Add as a preferred
source on Google

Key Highlights

Kalpesh Patel acquired 1,03,672 shares (0.24%) via open offer
Total holding rises to 11,18,722 shares, or 2.58% stake
Disclosure filed under SEBI SAST Regulation 29(2)
Open offer closed on August 3, 2026, after Jan 30 announcement
No shares are currently encumbered or pledged

*this image is generated using AI for illustrative purposes only.

Kalpesh Patel, a promoter of SJ Corporation Ltd, acquired 1,03,672 equity shares in the company on August 21, 2026. The acquisition was made pursuant to an open offer, increasing his stake by 0.24%.

Patel filed the disclosure with the Bombay Stock Exchange on August 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction was executed off-market as part of the open offer process initiated by Patel.

Shareholding Details

Prior to this acquisition, Patel held 10,15,050 shares, representing 2.34% of the total share and voting capital. Following the addition of the new shares, his total holding stands at 11,18,722 shares, or 2.58% of the equity.

Metric	Before Acquisition	After Acquisition
Shares Held	10,15,050	11,18,722
Stake Percentage	2.34%	2.58%
Encumbered Shares	0	0

The total equity share capital of SJ Corporation Ltd remains at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. There were no changes to the diluted share capital structure.

Regulatory Context

Patel is identified as one of the proposed promoters of the company. He had issued a public announcement for the open offer on January 30, 2026. The open offer period successfully closed on August 3, 2026. This specific filing relates to the allotment and receipt of intimation for the shares acquired during that process.

How might the consolidation of promoter stakes via this open offer impact SJ Corporation's corporate governance and strategic decision-making?

What are the implications for minority shareholders now that the open offer period has closed and allotments are being processed?

Could this increase in promoter holding signal upcoming capital expenditure plans or a shift in the company's long-term business strategy?

SJ Corp promoter Umang Savani raises stake to 10.83% via open offer

1 min read | Published on 26 Aug 2026, 01:10 PM |Updated on 26 Aug 2026, 01:10 PM

Reviewed by

Ashish TScanX News Team

Add as a preferred
source on Google

Key Highlights

Promoter Umang Kantilal Savani acquired 4,35,042 equity shares of SJ Corporation Ltd
His stake increased from 9.83% to 10.83% following the open offer
The open offer was announced on January 30, 2026, and closed on August 3, 2026
Disclosure was made to BSE on August 25, 2026, under SEBI SAST regulations
All acquired shares are unencumbered and carry full voting rights

*this image is generated using AI for illustrative purposes only.

Umang Kantilal Savani, a promoter of SJ Corporation Limited, has increased his equity stake in the company to 10.83% following an acquisition of shares through an open offer.

The transaction involved the purchase of 4,35,042 equity shares, representing a 1.00% increase in his total voting capital. The acquisition was executed off-market as part of a public open offer initiated by Savani on January 30, 2026, which successfully closed on August 3, 2026.

Acquisition Details

Savani filed the disclosure with the Bombay Stock Exchange (BSE) on August 25, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that the shares acquired carry voting rights and are not encumbered by any pledge or lien.

Metric	Before Acquisition	After Acquisition	Change
Equity Shares Held	42,61,202	46,96,244	+4,35,042
Stake Percentage	9.83%	10.83%	+1.00%
Encumbered Shares	0	0	No change

The total equity share capital of SJ Corporation Limited remains unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. The disclosure notes that Savani holds no warrants, convertible securities, or other instruments entitling him to receive additional voting rights.

What the Numbers Show

The acquisition consolidates the promoter's control within the listed entity without altering the company's overall share capital structure. With zero encumbrances reported on both pre- and post-acquisition holdings, the promoter's stake represents unencumbered voting power. The move follows the successful closure of the open offer announced earlier in the year, indicating a completed transition of ownership interests rather than an ongoing market accumulation.

How might the consolidation of promoter control in SJ Corporation Limited influence minority shareholder sentiment and future share price volatility?

Given the unencumbered nature of the acquired stake, does this signal increased financial stability or potential for future leverage by the promoter?

What strategic initiatives or operational changes might SJ Corporation pursue now that the open offer has concluded and ownership structure is stabilized?