SJ Corporation Ltd submitted a revised consolidated auditor report for the year ended March 31, 2026, to BSE Limited following an exchange query regarding discrepancies in the financial results. The submission addresses the observation that the previously filed Consolidated Results - Auditor Report was not in the format prescribed by SEBI circular CIR/CFD/CMD1/80/2019 dated July 19, 2019. The company has now provided the report in the required format for the financial year ended March 31, 2026.

The independent auditor's report was issued by SDBA & Company, Chartered Accountants, on May 30, 2026. The audit covers the Consolidated Financial Results of SJ Corporation Limited ('the Parent') and its subsidiary, Fishfa Rubbers Limited ('the Group'). The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

In its opinion, SDBA & Company stated that the Consolidated Financial Results for the year ended March 31, 2026, are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards.

The report noted that the consolidated financial results include the audited standalone financial statements of one subsidiary, Fishfa Rubbers Limited, which was not audited by SDBA & Company. The financial figures for this subsidiary, as audited by other auditors, reflect total assets of Rs.21,471.72 lakh, total revenues of Rs. 18,280.75 lakh, and total profit after tax of Rs. 1,290.32 lakh for the year ended March 31, 2026.

The auditors clarified that their opinion on the Annual Consolidated Financial Results, insofar as it relates to the amounts and disclosures included for the subsidiary, is based solely on the reports of the other auditors. The opinion is not modified regarding the reliance on the work done by these auditors. The report also includes results for the quarter ended March 31, 2026, derived as a balancing figure between the audited full-year figures and the published year-to-date figures up to the third quarter.

Fishfa Rubbers Limited, a material wholly owned subsidiary of SJ Corporation Ltd, has allotted 2,05,705 Series A cumulative compulsorily convertible preference shares (CCCPS) and 100 equity shares on a preferential basis through private placement. The Board of Fishfa Rubbers Limited approved the allotment on June 11, 2026, following which the issue was fully subscribed and funds were infused by a single investor. Each security carries a nominal value of INR 10.

Allotment Details

The preferential allotment comprises equity shares and Series A CCCPS. The issuance was conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circulars.

The disclosure regarding the conversion of the Series A CCCPS will be intimated upon the conversion of the instruments or upon the lapse of their tenure. The intimation regarding this allotment has been hosted on the website of SJ Corporation Ltd.