BSE · Corporate Action · Low

Four acquirers open offer for SJ Corporation at Rs 12 per share for 26% stake

Open offer by Mr. Pintu Kanjibhai Kalavadia, Mr. Prashant Kanjibhai Kalavadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel to acquire up to 26% of SJ Corporation at Rs 12/share from July 13 to July 24, 2026.

10 Jul 2026 Effective July 13, 2026 Affects: Public shareholders of SJ Corporation Limited eligible to tender shares.

What changed

Open offer opens on July 13, 2026 for SJ Corporation shareholders.
Acquirers seek up to 1,12,72,300 shares (26%) at Rs 12 per share cash.
Offer closes on July 24, 2026.

The read

BSE has notified the opening of a takeover open offer for SJ Corporation. Four acquirers are offering Rs 12 per share in cash for up to 26% of the expanded voting capital, signaling a change in control. The offer runs from July 13 to July 24, 2026. For existing shareholders, the price determines whether to tender; the broader market impact is limited given the company's scale.

SJ Corporation LimitedRs 12 per share26% stake

Primary source: official circular (PDF)