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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SJ Corp promoter Kalpesh Patel acquires 1.03 lakh shares in open offer

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Kalpesh Patel acquired 1,03,672 shares (0.24%) via open offer
  • Total holding rises to 11,18,722 shares, or 2.58% stake
  • Disclosure filed under SEBI SAST Regulation 29(2)
  • Open offer closed on August 3, 2026, after Jan 30 announcement
  • No shares are currently encumbered or pledged
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*this image is generated using AI for illustrative purposes only.

Kalpesh Patel, a promoter of SJ Corporation Ltd, acquired 1,03,672 equity shares in the company on August 21, 2026. The acquisition was made pursuant to an open offer, increasing his stake by 0.24%.

Patel filed the disclosure with the Bombay Stock Exchange on August 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction was executed off-market as part of the open offer process initiated by Patel.

Shareholding Details

Prior to this acquisition, Patel held 10,15,050 shares, representing 2.34% of the total share and voting capital. Following the addition of the new shares, his total holding stands at 11,18,722 shares, or 2.58% of the equity.

Metric Before Acquisition After Acquisition
Shares Held 10,15,050 11,18,722
Stake Percentage 2.34% 2.58%
Encumbered Shares 0 0

The total equity share capital of SJ Corporation Ltd remains at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. There were no changes to the diluted share capital structure.

Regulatory Context

Patel is identified as one of the proposed promoters of the company. He had issued a public announcement for the open offer on January 30, 2026. The open offer period successfully closed on August 3, 2026. This specific filing relates to the allotment and receipt of intimation for the shares acquired during that process.

How might the consolidation of promoter stakes via this open offer impact SJ Corporation's corporate governance and strategic decision-making?

What are the implications for minority shareholders now that the open offer period has closed and allotments are being processed?

Could this increase in promoter holding signal upcoming capital expenditure plans or a shift in the company's long-term business strategy?

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