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

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.

Savji D. Patel, a promoter of SJ Corporation Ltd, sold 31,24,000 equity shares, representing 7.21% of the company’s total share capital. The off-market transaction was executed on September 10, 2026.

The sale reduces Patel’s holding from 31,24,000 shares (7.21%) to 0 shares (0%). The disclosure was filed with the Bombay Stock Exchange on September 12, 2026.

Transaction Details

The shares were sold pursuant to a Share Purchase Agreement dated January 30, 2026. An open offer associated with the transaction was successfully completed on August 3, 2026.

Patel holds no encumbrances, warrants, or convertible securities in the company. The total equity share capital of SJ Corporation Ltd remains unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each.