SJ Corp promoter Kalpesh Patel raises stake to 3.29% via off-market buy

1 min read | Published on 15 Sept 2026, 11:07 AM |Updated on 15 Sept 2026, 11:07 AM

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Shriram SScanX News Team

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Key Highlights

Promoter Kalpesh Patel acquired 3,08,140 equity shares of SJ Corporation Ltd
His stake increased from 2.58% to 3.29% of the total voting capital
The off-market deal followed a Share Purchase Agreement dated January 30, 2026
An associated open offer was successfully closed on August 3, 2026
Total equity share capital remains at ₹4,33,55,000

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

Promoter Kalpesh Patel acquired 3,08,140 equity shares of SJ Corporation Ltd, increasing his holding to 3.29% of the company's total voting capital. The acquisition was executed through an off-market transaction.

The share purchase was governed by a Share Purchase Agreement dated January 30, 2026, with existing promoters. An open offer associated with the deal was successfully closed on August 3, 2026. The allotment of shares was received on September 10, 2026.

Transaction Details

Patel’s stake rose from 11,18,722 shares (2.58%) before the transaction to 14,26,862 shares (3.29%) post-acquisition. The total equity share capital of SJ Corporation Ltd remained unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each.

Metric	Before Acquisition	After Acquisition
Shares Held	11,18,722	14,26,862
Stake Percentage	2.58%	3.29%
Encumbered Shares	0	0

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing was submitted to BSE Limited on September 13, 2026.

No warrants, convertible securities, or other instruments entitling the acquirer to receive shares were involved in the transaction. The promoter group status of the acquirer was confirmed as 'Yes' in the regulatory filing.

How might this increased promoter stake influence SJ Corporation Ltd's strategic direction or capital allocation decisions in the coming fiscal year?

Could this off-market acquisition signal potential future consolidation moves or a larger takeover attempt by Kalpesh Patel?

What impact is this transaction likely to have on the stock's liquidity and volatility given the reduction in free float?

SJ Corp promoter Prashant K Kalavadia raises stake to 23.45%

1 min read | Published on 12 Sept 2026, 03:41 PM |Updated on 12 Sept 2026, 03:41 PM

Reviewed by

Anirudha BScanX News Team

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Key Highlights

Prashant K Kalavadia acquired 14,62,251 shares in SJ Corporation Ltd
Promoter stake increased from 20.08% to 23.45% via off-market deal
Open offer closed on August 3, 2026, following Jan 30 SPA
Total equity capital remains unchanged at ₹4,33,55,000
No encumbrances or convertible securities involved in the transaction

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

Prashant K Kalavadia has increased his equity stake in SJ Corporation Limited to 23.45% following the successful closure of an open offer. The acquisition involves 14,62,251 shares, representing a 3.37% increase in voting rights.

The transaction was executed off-market pursuant to a Share Purchase Agreement dated January 30, 2026, with existing promoters. The open offer process concluded on August 3, 2026, with the allotment intimation received on September 10, 2026.

What the Numbers Show

The acquisition consolidates promoter control without altering the company's capital structure. The total equity share capital remains unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. No warrants, convertible securities, or encumbrances were involved in the transaction.

Shareholding Structure Update

Metric	Before Acquisition	Change	After Acquisition
Shares Held	87,03,522	+14,62,251	1,01,65,773
Voting Rights (%)	20.08%	+3.37%	23.45%
Encumbered Shares	0	0	0

Kalavadia, identified as part of the promoter group, holds no other instruments such as warrants or convertible securities that would entitle him to additional voting rights. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

How might the consolidation of promoter control influence SJ Corporation's strategic decision-making and long-term corporate governance?

What does the absence of encumbered shares in Kalavadia's increased stake indicate about the promoter group's financial stability and liquidity position?

Could this off-market acquisition signal potential future restructuring plans or a move towards a private placement for SJ Corporation?