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

































