Umang Kantilal Savani, a promoter of SJ Corporation Limited, has increased his equity stake in the company to 10.83% following an acquisition of shares through an open offer.

The transaction involved the purchase of 4,35,042 equity shares, representing a 1.00% increase in his total voting capital. The acquisition was executed off-market as part of a public open offer initiated by Savani on January 30, 2026, which successfully closed on August 3, 2026.

Acquisition Details

Savani filed the disclosure with the Bombay Stock Exchange (BSE) on August 25, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that the shares acquired carry voting rights and are not encumbered by any pledge or lien.

The total equity share capital of SJ Corporation Limited remains unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. The disclosure notes that Savani holds no warrants, convertible securities, or other instruments entitling him to receive additional voting rights.

What the Numbers Show

The acquisition consolidates the promoter's control within the listed entity without altering the company's overall share capital structure. With zero encumbrances reported on both pre- and post-acquisition holdings, the promoter's stake represents unencumbered voting power. The move follows the successful closure of the open offer announced earlier in the year, indicating a completed transition of ownership interests rather than an ongoing market accumulation.

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.