Promoter Umang Kantilal Savani has increased his holding in SJ Corporation Limited by acquiring 12,93,578 equity shares, representing a 2.98% stake in the company. The acquisition was executed through an off-market transaction under a Share Purchase Agreement dated January 30, 2026.

The share purchase followed a mandatory open offer issued to public shareholders, which successfully closed on August 3, 2026. Savani filed the disclosure with the Bombay Stock Exchange on September 12, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Structure Change

Prior to this transaction, Savani held 46,96,244 shares, accounting for 10.83% of the total voting capital. None of these shares were encumbered or pledged. Following the acquisition, his total holding stands at 59,89,822 shares, raising his stake to 13.82%.

The company’s total equity share capital remains unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each. There were no changes in warrants, convertible securities, or other instruments entitling the acquirer to voting rights.

What the Numbers Show

The consolidation of promoter holdings is complete without any associated leverage risk. The filing confirms that zero shares held by Umang Kantilal Savani are encumbered with pledges or liens, indicating that the increased stake is fully unencumbered.

Promoter Kalpesh Patel acquired 3,08,140 equity shares of SJ Corporation Ltd, increasing his holding to 3.29% of the company's total voting capital. The acquisition was executed through an off-market transaction.

The share purchase was governed by a Share Purchase Agreement dated January 30, 2026, with existing promoters. An open offer associated with the deal was successfully closed on August 3, 2026. The allotment of shares was received on September 10, 2026.

Transaction Details

Patel’s stake rose from 11,18,722 shares (2.58%) before the transaction to 14,26,862 shares (3.29%) post-acquisition. The total equity share capital of SJ Corporation Ltd remained unchanged at ₹4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each.

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing was submitted to BSE Limited on September 13, 2026.

No warrants, convertible securities, or other instruments entitling the acquirer to receive shares were involved in the transaction. The promoter group status of the acquirer was confirmed as 'Yes' in the regulatory filing.