S&T Corporation Limited announced its unaudited financial results for the third quarter ended December 31, 2025, marking a significant transformation with the launch of a new business segment. The company's Board of Directors approved the standalone and consolidated financial results at a meeting held on February 5, 2026.

Financial Performance Overview

The company reported substantial revenue growth in Q3FY26, driven primarily by its entry into textile trading operations. Total revenue from operations reached ₹149.15 lakh compared to ₹4.47 lakh in the previous quarter.

New Business Segment Launch

During Q3FY26, S&T Corporation commenced operations in textile trading, which has become the largest revenue contributor. The company now operates three distinct business segments with varying performance levels.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company demonstrated overall profitability despite the quarterly loss. Total revenue for the period reached ₹158.08 lakh with a net profit of ₹0.41 lakh.

Operational Highlights

The textile trading segment, launched during the quarter, contributed significantly to revenue growth but is still in its initial operational phase. The real estate operations segment faced challenges, reporting losses despite generating revenue. The property leasing business maintained steady performance with consistent profitability.

Corporate Governance

The company paid a fine of ₹24,780 to BSE Limited during the quarter for non-compliance with Regulation 13(3) of SEBI (LODR) Regulations, 2015. The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with limited review conducted by statutory auditors MLR and Associates LLP.

Capital Structure

The company maintained a stable capital structure with paid-up equity share capital of ₹636.62 lakh, consisting of shares with a face value of ₹2 each. Other equity stood at ₹666.95 lakh as of December 31, 2025. The consolidated results include Ssawai Abodes LLP, where the company holds a 95% stake.

SJ Corporation Limited has received a public announcement for an open offer from four acquirers targeting acquisition of 1,12,72,300 fully paid-up equity shares at ₹12.00 per share. The offer represents 26.00% of the company's expanded voting share capital and follows mandatory takeover regulations under SEBI guidelines.

Open Offer Structure

The open offer is being made by Mr. Pintu Kanjibhai Kalvadia, Mr. Prashant Kanjibhai Kalvadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel collectively as acquirers. Diggi Corporate Advisors Private Limited serves as the manager to the offer, facilitating the transaction under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Underlying Transactions

The open offer obligation stems from two primary transactions executed on January 30, 2026. The acquirers entered into a Share Purchase Agreement to acquire 49,20,000 equity shares (11.35% of expanded voting share capital) from selling promoter shareholders at ₹12.00 per share, involving total consideration of ₹5,90,40,000.00.

Simultaneously, a Share Subscription Agreement was signed for preferential issue of 2,17,00,000 equity shares representing 50.05% of expanded voting share capital. This subscription requires aggregate consideration of ₹26,04,00,000.00, subject to member approval and regulatory clearances.

Acquirer Distribution

The four acquirers will hold varying stakes following successful completion of all transactions:

Regulatory Compliance

The offer complies with Regulations 3(1) and 4 of SEBI (SAST) Regulations as a triggered mandatory open offer. The transaction is not conditional upon minimum acceptance levels and does not constitute a competing offer. The acquirers have provided undertakings regarding adequate financial resources to meet regulatory obligations.

Selling promoter shareholders Savjibhai Dungarshibhai Patel and Ushaben Savjibhai Patel will transfer 49,20,000 shares, reducing their combined holding from 13.65% to 2.31% of expanded voting share capital. Post-transaction, they will apply for reclassification from promoter group categories.

Company Details

SJ Corporation Limited operates with registered office at 201, Shyam Bungalow, Plot No.199/200, Pushpa Colony, Fatimadevi School Lane, Manchubhai Road, Malad (East), Mumbai - 400097. The company trades on BSE Limited under scrip code 504398 with ISIN INE312B01027. The acquirers have confirmed no intention to delist the company following the offer completion.