SJ Corp promoter Pintu Kalavadia acquires 55 shares via open offer

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Pintu Kanjibhai Kalavadia acquired 55 equity shares of SJ Corporation Ltd via open offer
  • Total holding increased to 88,35,871 shares, maintaining a 20.38% stake
  • Disclosure filed under SEBI SAST Regulation 29(2) on September 1, 2026
  • No encumbrances or pledged shares reported in the promoter's holding
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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%.

Metric Before Acquisition After Acquisition
Shares held 88,35,816 88,35,871
Stake percentage 20.38% 20.38%
Encumbered shares 0 0

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.

What strategic initiatives does SJ Corporation plan to undertake now that the open offer process has concluded?

How might the promoter's consistent 20.38% stake influence future corporate governance decisions or potential M&A activities?

Are there any upcoming regulatory filings or lock-in period expirations associated with shares acquired during this open offer?

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SJ Corp promoter Prashant Kalavadia acquires 1.13% stake via open offer

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Prashant K Kalavadia acquired 4,91,648 SJ Corp shares via open offer
  • Total stake increased from 18.94% to 20.08%
  • Transaction completed on August 21, 2026
  • No encumbrances or convertible securities involved
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Prashant K Kalavadia, a promoter of SJ Corporation Limited, acquired 4,91,648 equity shares representing 1.13% of the company’s voting capital through an open offer on August 21, 2026.

The acquisition brings his total shareholding to 87,03,522 shares, or 20.08% of the total voting capital. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Shareholding Details

Kalavadia held 82,11,874 shares (18.94%) prior to this acquisition. The open offer resulted in an increase of 4,91,648 shares. No encumbrances, warrants, or convertible securities were involved in the transaction.

Metric Before Acquisition After Acquisition
Shares held 82,11,874 87,03,522
Stake percentage 18.94% 20.08%
Encumbered shares 0 0

Regulatory Context

The disclosure was filed with BSE Limited on August 25, 2026. The open offer was part of a public announcement made by Kalavadia on January 30, 2026, and was successfully closed on August 3, 2026. The company’s total equity share capital remains Rs. 4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each.

How might Prashant K Kalavadia's increased stake to 20.08% influence SJ Corporation's strategic direction or board composition in the near future?

Could this consolidation of promoter ownership signal potential resistance to external takeover bids or a move towards greater operational control?

What impact is this open offer likely to have on the liquidity and trading volume of SJ Corporation's shares on the BSE?

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