SJ Corporation Ltd has informed BSE Limited about the completion of a separate meeting of independent directors held on March 27, 2026, as part of its regulatory compliance under corporate governance norms.

Meeting Agenda and Outcomes

The independent directors convened to review several critical aspects of corporate governance during their 30-minute session from 1:30 PM to 2:00 PM. The meeting addressed three key areas of evaluation:

Regulatory Compliance

The separate meeting of independent directors represents a mandatory corporate governance practice designed to ensure independent oversight of company operations. The directors specifically assessed whether the information flow between management and the board enables directors to effectively and reasonably perform their duties.

Communication Details

Company Secretary and Compliance Officer Deepa Ashokkumar Dhamecha signed the regulatory filing, confirming the meeting's completion to BSE Limited. The communication was digitally signed and timestamped at 14:07:58 on March 27, 2026, ensuring proper documentation of the governance activity.

The company maintains its registered office at 201, Shyam Bungalow, Plot No. 199/200, Pushpa Colony, Fatimadevi School Lane, Manchubhai Road, Malad (East), Mumbai - 400097, and continues to fulfill its listing obligations with BSE Limited.

SJ Corporation Ltd has completed a significant preferential allotment involving seven entities, including four proposed promoters and three non-promoters, marking a major restructuring of the company's shareholding pattern. The comprehensive transaction was disclosed through regulatory filings under SEBI (SAST) Regulations, 2011.

Preferential Allotment Overview

The company allotted a total of 3,50,00,000 equity shares through preferential allotment on March 20, 2026. The allotment significantly expanded the company's equity base and introduced new stakeholders across different categories.

Proposed Promoters Acquisition

Four entities acquired shares as proposed promoters, collectively obtaining 2,17,00,000 equity shares representing 50.05% of the expanded share capital. These acquisitions are part of a management change initiative requiring SEBI approval.

Non-Promoter Investments

Three non-promoter entities acquired 1,28,00,000 equity shares, representing 29.52% of the expanded share capital. These include institutional investors and strategic advisory firms.

Capital Structure Transformation

The preferential allotment resulted in a substantial expansion of SJ Corporation's equity base. The company's share capital increased by over 400%, from ₹83.55 lakh to ₹4.34 crore, with the total number of equity shares rising from 83.55 lakh to 4.34 crore shares.

Regulatory Compliance and Management Change

All disclosures were filed in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The proposed promoters had previously announced an open offer dated January 30, 2026, with SEBI approval for the management change still awaited. The company's shares are listed on BSE Ltd under scrip code 504398.