FRL, Wholly Owned Subsidiary of SJ Corporation Ltd, Approves Allotment of Equity Shares and CCCPS via Private Placement
SJ Corporation Ltd's wholly owned subsidiary, Fishfa Rubbers Limited (FRL), has approved the allotment of equity shares and cumulative compulsorably convertible preference shares (Series A CCCPS). The decision was made during a Board meeting held on June 11, 2026.The company decided to allot securities on a preferential basis through private placement. As part of this transaction, FRL approved the issuance of 100 equity shares and 2,05,705 Series A CCCPS. Each security has a nominal value of INR 10/- (Rupees Ten only).
According to details released by the company, the issue has been subscribed and funds have been infused following the preferential allotment. The transaction involved one investor. Details regarding the conversion of the Series A CCCPS will be intimated later.
The key details of the securities issued are summarized in the table below:
| Feature | Details |
|---|---|
| Type of Securities | Equity shares and 'Series A CCCPS' |
| Nominal Value | INR 10 (Rupees Ten only) each |
| Issuance Method | Preferential allotment through private placement |
| Total Issued | 100 equity shares and 2,05,705 Series A CCCPS |
| Outcome of Subscription | Subscribed; funds infused |
| Number of Investors | 1 (One) |
The preferential issue details confirmed that the outcome of the subscription has been secured. The company noted that further intimation regarding the conversion of the 'Series A CCCPS' will be provided subsequently.
Stock Price Movement
SJ Corporation Ltd shares settled at ₹78.79 on Monday, recording a 5.00% jump from the previous close. The stock remained completely locked throughout the trading session, as both the high and low were recorded precisely at ₹78.79.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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