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 sets Sept 21 e-voting cut-off for 45th AGM on Sept 28

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • SJ Corporation fixes September 21, 2026, as the e-voting cut-off for its 45th AGM
  • The AGM will be held on September 28, 2026, via Video Conferencing or OAVM
  • E-voting window opens on September 25 and closes on September 27, 2026
  • Register of Members remains closed from September 22 to September 28, 2026
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SJ Corporation Limited has fixed September 21, 2026, as the cut-off date for remote e-voting for its 45th Annual General Meeting (AGM). This date determines the list of shareholders eligible to cast their votes electronically.

The Board of Directors approved this arrangement during its meeting on August 27, 2026. The company also confirmed that the Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026, both days inclusive. This closure is necessary to ascertain the record of members eligible to attend and vote at the AGM.

AGM and Voting Schedule

The 45th AGM is scheduled for September 28, 2026. It will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars.

Event Date Time
E-voting start September 25, 2026 9:00 am
E-voting end September 27, 2026 5:00 pm
AGM Date September 28, 2026 11:00 am

Aparna Tripathi & Associates, Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process.

Key Approvals

During the August 27 board meeting, directors considered and approved several key corporate governance matters for the financial year 2025-2026. These included:

  • Notice of the 45th AGM
  • Directors' Report (Board Report)
  • Management Discussion and Analysis Report (MDAR)
  • Proposed amendments to the Articles of Association, subject to shareholder approval

What specific changes are proposed in the amendments to the Articles of Association, and how might they impact shareholder rights or corporate governance structures?

How does the shift to a fully virtual AGM via VC/OAVM influence shareholder engagement levels and voting participation compared to previous hybrid or physical meetings?

Are there any contentious resolutions on the AGM agenda that could lead to significant shifts in board composition or strategic direction for SJ Corporation?

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