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.

Regulatory Compliance and Publication

Pursuant to Regulation 30, 47(1) and 47(3) read with Schedule 11 of SEBI (LODR) Regulation, 2015, the company published the extract of unaudited standalone and consolidated financial statements in newspapers. The results were published in "Standard Post" (English newspaper) and "My Mahanagar" (Marathi newspaper) on February 7, 2026. The publications have been uploaded on the company's website at www.stcl.co.in as required under Regulation 46(2).

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 published its detailed public statement for the mandatory open offer announced by four acquirers targeting 26.00% of the company's expanded voting share capital. The offer, priced at ₹12.00 per share, represents a maximum consideration of ₹13,52,67,600.00 for 1,12,72,300 equity shares.

Open Offer Structure and Timeline

The detailed public statement was published on February 06, 2026, following the initial public announcement made on January 30, 2026. 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.

Acquirer Details and Financial Arrangements

The four acquirers bringing the open offer are Mr. Pintu Kanjibhai Kalvadia, Mr. Prashant Kanjibhai Kalvadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel. These individuals are inter-related through business associations and serve as promoters of Fishh World Trade Limited, Fishh Biotics Limited, and Fishh Rubbers Limited.

Underlying Transactions and Share Distribution

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 2,81,44,107 equity shares representing 64.91% of expanded voting share capital. This subscription requires aggregate consideration of ₹33,77,29,284.00, subject to member approval and regulatory clearances.

Financial Resources and Escrow Arrangements

The acquirers have confirmed adequate financial resources through certified chartered accountant statements. In accordance with Regulation 17 of SEBI (SAST) Regulations, they have opened an escrow account titled 'SJ - Open Offer Escrow Account' with Axis Bank Limited and deposited ₹3,40,22,000.00, representing more than 25.00% of the total consideration payable assuming full acceptance.

Company Background and Trading Information

SJ Corporation Limited was incorporated on September 15, 1981, and 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.

Regulatory Compliance and Implementation

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 confirmed no intention to delist the company following offer completion.

The offer will be implemented through BSE Limited's stock exchange mechanism via a separate acquisition window. Nikunj Stock Brokers Limited has been appointed as the buying broker, while Integrated Registry Management Services Private Limited serves as the registrar for the offer process.