SJ Corporation Ltd has successfully completed its postal ballot process for a significant corporate restructuring initiative, with shareholders unanimously approving the alteration of the company's object clause in its Memorandum of Association. The voting process concluded on March 7, 2026, with results officially declared on March 9, 2026, accompanied by the scrutinizer's formal report.

Voting Results and Participation

The postal ballot witnessed participation from 23 shareholders out of a total shareholder base of 493, representing a substantial portion of the company's equity. The voting details demonstrate strong stakeholder support:

The breakdown by shareholder category shows comprehensive support across all groups. Promoter and Promoter Group shareholders voted all their 59,20,000 shares in favor, achieving 100% participation. Public Non-Institutional shareholders contributed 12,45,777 votes, representing 51.16% of their total shareholding of 24,35,000 shares.

Expanded Business Scope

The approved alteration significantly broadens SJ Corporation's business activities under the main objects clause. The company can now engage in manufacturing and trading of rubber products, including tread rubbers, synthetic rubbers, natural rubbers, and various rubber industry chemicals and auxiliaries.

Key new business areas include:

• Manufacturing and processing of sustainable fuels including pyrolysis oil, sustainable aviation fuel (SAF), sustainable marine fuel, and sustainable diesel fuel
• Production of recovered carbon black (rCB) derived from waste materials
• Bio and organic fertilizers, pesticides, insecticides, and agricultural inputs
• Cosmetics, healthcare products, food preservatives and additives
• Real estate development, industrial estates, and property management
• Investment activities in shares, debentures, mutual funds, and other securities

Scrutinizer's Report and Regulatory Compliance

Pooja Gala & Associates, the appointed scrutinizer, submitted their formal report confirming the successful completion of the postal ballot process. The scrutinizer confirmed that all regulatory requirements under Section 110 of the Companies Act, 2013, and related rules were met during the voting process.

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and related rules. Due to prevailing circumstances, the company opted for e-voting only, with the voting period running from February 6, 2026 (9:00 a.m.) to March 7, 2026 (5:00 p.m.).

Corporate Governance and Future Prospects

The scrutinizer's report validates that the special resolution was passed with the requisite majority as mandated under the Companies Act, 2013. The company maintained proper compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The resolution enables SJ Corporation to pursue diverse business opportunities across multiple sectors, positioning the company for potential expansion into sustainable energy solutions, agricultural products, and real estate development alongside its traditional operations.

Source: Company/INE312B01027/60651795-725d-4ee6-99c1-18d7e70e8587.pdf

SJ Corporation Ltd successfully concluded its Extraordinary General Meeting (EOGM) on March 2, 2026, with shareholders demonstrating strong support by unanimously approving all proposed resolutions. The meeting, conducted through video conferencing from 11:30 A.M. to 11:44 A.M., addressed four critical business items that will shape the company's strategic direction. The scrutinizer's report, prepared by Pooja Gala & Associates, confirmed complete regulatory compliance and transparent voting procedures.

Meeting Overview and Participation

The EOGM witnessed participation from 19 shareholders out of 493 total shareholders on the record date of February 23, 2026. The voting process covered 71,53,517 shares, representing 85.6196% of the company's total 83,55,000 shares.

Approved Resolutions

All four special resolutions received unanimous approval with 100% votes in favor and zero votes against across all categories.

Resolution 1: Equity Share Issuance

Shareholders approved the issuance of equity shares on preferential basis to proposed promoters/promoter group and non-promoter/public category investors for cash consideration.

Resolution 2: Independent Director Appointment

The regularization of Mr. Maulik Pravinbhai Dalsaniya (DIN: 11409312) as Independent Director was approved, formalizing his position on the board.

Resolution 3: Executive Director Appointment

Mr. Jagdish Vijaybhai Pambhar (DIN: 11409403) was regularized as Executive Director, strengthening the company's leadership structure.

Resolution 4: Strategic Acquisition

Shareholders endorsed the acquisition of Fishfa Rubbers Limited (FRL) from existing shareholders, marking a significant expansion move.

Detailed Voting Results

The scrutinizer's report provided comprehensive voting breakdown across all shareholder categories:

E-Voting Process and Compliance

The remote e-voting facility was provided by MUFG Intime India Pvt. Ltd from February 27, 2026 (9:00 A.M.) to March 1, 2026 (5:00 P.M.). Pooja Gala & Associates served as the scrutinizer, ensuring transparency and compliance with regulatory requirements. The company maintained full compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Documentation

The company published advertisements in Free Press Journal (English) and Navshakti (Marathi) newspapers on January 31, 2026, and February 4, 2026, informing shareholders about the meeting and voting procedures. The EOGM notice was dispatched via email on February 3, 2026, to shareholders with registered email addresses. The scrutinizer confirmed adherence to all procedural requirements under Rule 22 of the Companies (Management and Administration) Rules, 2014.

The unanimous approval of all resolutions reflects strong shareholder confidence in the company's strategic initiatives, particularly the planned acquisition and board strengthening measures that position SJ Corporation Ltd for enhanced growth prospects.