SJ Corporation Limited has announced a significant equity acquisition by proposed promoter Kalpesh Patel, who acquired 10,15,050 equity shares representing 2.34% of the company's voting capital through preferential allotment. The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated March 24, 2026.

Acquisition Details

The preferential allotment was completed on March 20, 2026, marking Patel's entry as a shareholder in the BSE-listed company. Prior to this acquisition, Patel held no equity shares or voting rights in SJ Corporation Limited.

Shareholding Pattern Changes

The acquisition resulted in substantial changes to the company's capital structure. The equity share capital expanded significantly from the pre-acquisition level to accommodate the new shares.

Regulatory Context

Kalpesh Patel, residing in Malda, West Bengal, is identified as one of the proposed promoters of SJ Corporation Limited. The disclosure indicates that Patel has previously made an open offer dated January 30, 2026, and is currently awaiting SEBI approval for the proposed change in company management.

Corporate Compliance

The transaction was disclosed to BSE Limited in compliance with SEBI regulations governing substantial acquisitions. The company's shares are listed on BSE under scrip code 504398. The disclosure confirms that no encumbrances, warrants, or convertible securities were involved in this transaction, and no voting rights were acquired through instruments other than equity shares.

SJ Corporation Ltd has announced a substantial acquisition of shares by Pintu Kanjibhai Kalavadia, who acquired 82,11,874 equity shares representing 18.94% of the company through preferential allotment. The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated 24/03/2026.

Acquisition Details

The acquisition represents a significant stake purchase by Kalavadia, who is identified as a proposed promoter of SJ Corporation Ltd. Prior to this transaction, Kalavadia held no shares in the company.

Share Capital Impact

The preferential allotment significantly expanded SJ Corporation's share capital structure. The company's equity base increased substantially following this transaction.

Shareholding Pattern

The acquisition details show Kalavadia's complete shareholding transition from zero holdings to a substantial stake in the company.

Regulatory Compliance

The disclosure was submitted to BSE Limited as per SEBI regulations, with SJ Corporation Ltd listed on BSE. Kalavadia, based in Rajkot, Gujarat, completed the regulatory filing requirements within the stipulated timeframe. The company noted that Kalavadia had previously made a public announcement on 30th January, 2026, regarding an open offer, with SEBI approval for management change still pending.

Corporate Structure

SJ Corporation Ltd trades on BSE with scrip code 504398. The preferential allotment represents a strategic move in the company's ownership structure, with the diluted share capital post-acquisition standing at Rs. 4,33,55,000 divided into 4,33,55,000 equity shares of Re. 1/- each.