Pintu Kanjibhai Kalavadia, a proposed promoter of SJ Corporation Limited, has increased his stake in the company to 20.38% following an acquisition under an open offer. The transaction involved the purchase of 6,23,942 equity shares, representing a 1.44% increase in his holding.

The disclosure was filed with BSE Limited on August 25, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares were acquired off-market as part of the open offer process initiated by Kalavadia.

Acquisition Details

Kalavadia’s stake rose from 18.94% to 20.38% after the transaction. The total number of shares held increased from 82,11,874 to 88,35,816. The total equity share capital of SJ Corporation Limited remains unchanged at Rs. 4,33,55,000, divided into 43,355,000 equity shares of Re. 1 each.

The date of receipt of intimation of allotment was recorded as August 21, 2026. There were no encumbrances, warrants, or convertible securities associated with the acquired shares.

Context of Open Offer

The acquisition follows the successful closure of the open offer on August 3, 2026. Kalavadia had issued a public announcement regarding the open offer on January 30, 2026. As a proposed promoter, this move consolidates his voting control in the company without altering the total diluted share capital.

SJ Corporation Limited has scheduled a meeting of its Board of Directors for Thursday, August 27, 2026. The primary objective of the gathering is to finalize logistical details for the company's Annual General Meeting (AGM) pertaining to the financial year ended March 31, 2026.

The Board will determine the specific day, date, and time for the AGM. Additionally, directors will fix the book closure date required for determining shareholder eligibility for the meeting.

Agenda Highlights

Beyond scheduling the AGM, the Board has listed several key approvals for the session:

• Approval of the Notice of Annual General Meeting, including the Board's Report and all associated documents.
• Appointment of a scrutinizer to oversee the e-voting process during the AGM.
• Consideration of any other matters with the permission of the Chair.

Regulatory Disclosure

The company issued this intimation on August 20, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pintu Kanjibhai Kalavadia, Managing Director, signed the disclosure filed with BSE Limited.