SJ Corporation Limited reported a net profit of ₹71.21 lakh for the financial year ended March 31, 2026, reversing from a net loss of ₹20.18 lakh in the previous year. Total income from operations for the year increased to ₹2,193.30 lakh from ₹1,543.24 lakh in FY25. The company's board approved the audited financial results at a meeting held on May 30, 2026.

For the quarter ended March 31, 2026, the company reported a net profit of ₹34.11 lakh, up from ₹11.22 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter stood at ₹444.30 lakh. The statutory auditor issued an audit report with an unmodified opinion on the results.

A significant development during the quarter was the acquisition of a majority shareholding in Fisha Rubbers Ltd, which has become a subsidiary of the company. Consequently, this is the first quarter for which consolidated financial statements have been prepared. In previous quarters and the prior year, the company had no subsidiaries, and thus, comparative figures for previous periods represent standalone financial statements only.

On a consolidated basis, the company reported a net loss of ₹23.89 lakh for the year ended March 31, 2026, compared to a loss of ₹20.18 lakh in the previous year. Total income from operations for the consolidated entity was ₹2,553.75 lakh for the year. The financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015.

Financial Results for the Year Ended March 31, 2026

The paid-up share capital of the company increased to ₹433.55 lakh in FY26 from ₹83.55 lakh in the previous year. The results for the quarter and year ended March 31, 2026 are available on the BSE Limited website and the company's website.

SJ Corporation Ltd has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda includes the consideration and approval of the standalone and consolidated audited financial results for the quarter and fiscal year ended March 31, 2026, along with the auditor's report.

Change in Management and Control

The meeting follows the acquirer's deposit of 100% of the amount into an escrow account pursuant to Regulation 22(2A) of the SEBI (SAST) Regulations, 2011. Consequently, the board intends to consider the change of management and control of the company via a share purchase agreement. This process includes the induction of the acquirer onto the board and the approval of changes in the directorship of the company.

Key Agenda Items

The board will deliberate on several significant statutory and operational matters. A proposal for the sale of land owned by the company is on the agenda. Furthermore, the directors will consider the appointment of a secretarial auditor for a five-year term and the maintenance of books of accounts at a location other than the registered office.

Shareholder Approvals and Postal Ballot

To facilitate certain decisions, the board will consider issuing a notice for a postal ballot to seek member approval. Key items requiring shareholder consent include the shifting of the registered office from one state to another and the authorization of borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The board will also seek approval for related party transactions for the fiscal year 2026-27.

Statutory Compliance

The board will review the creation of a mortgage or charge on the company's assets under Section 180(1)(a) of the Companies Act, 2013. Other resolutions include the authorization to provide loans, guarantees, or security under Section 185, and the increase in thresholds for loans and investments under Section 186 of the Companies Act, 2013. The reconstitution of various committees is also scheduled for discussion.