NewsSJ Corporation Ltd: Pintu Kanjibhai Kalavadia Acquires 18.94% Stake Through Preferential AllotmentSJ Corporation Ltd: Pintu Kanjibhai Kalavadia Acquires 18.94% Stake Through Preferential Allotment
SJ Corporation Ltd disclosed that Pintu Kanjibhai Kalavadia acquired 82,11,874 equity shares (18.94%) through preferential allotment on 20/03/2026. The acquisition expanded the company's share capital from Rs. 83,55,000 to Rs. 4,33,55,000, increasing total shares from 83,55,000 to 4,33,55,000. Kalavadia, identified as a proposed promoter with no prior shareholding, made the regulatory disclosure on 24/03/2026 under SEBI (SAST) Regulations, 2011.
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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.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 82,11,874 equity shares |
| Acquisition Percentage: | 18.94% |
| Mode of Acquisition: | Preferential Allotment |
| Date of Acquisition: | 20/03/2026 |
| Acquirer Status: | Proposed Promoter |
Share Capital Impact
The preferential allotment significantly expanded SJ Corporation's share capital structure. The company's equity base increased substantially following this transaction.
| Metric: | Before Acquisition | After Acquisition |
|---|---|---|
| Share Capital: | Rs. 83,55,000 | Rs. 4,33,55,000 |
| Number of Shares: | 83,55,000 | 4,33,55,000 |
| Face Value per Share: | Re. 1/- | Re. 1/- |
Shareholding Pattern
The acquisition details show Kalavadia's complete shareholding transition from zero holdings to a substantial stake in the company.
| Holding Period: | Shares | Percentage |
|---|---|---|
| Before Acquisition: | 0 | 0.00% |
| Shares Acquired: | 82,11,874 | 18.94% |
| After Acquisition: | 82,11,874 | 18.94% |
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.
What strategic changes might SJ Corporation implement once SEBI approves the pending management change under Kalavadia's leadership?
How will the massive dilution from 83.55 lakh to 433.55 lakh shares impact the stock price and existing shareholders' value?
What are the terms and pricing details of the open offer announced by Kalavadia in January 2026?
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