Kalpesh Patel Acquires 2.34% Stake in SJ Corporation Ltd Through Preferential Allotment
SJ Corporation Ltd announced that Kalpesh Patel has acquired 10,15,050 equity shares, representing 2.34% of the company’s total share/voting capital, through a preferential allotment. The acquisition occurred on March 20, 2026.Prior to this acquisition, Patel, a proposed promoter of the company, held no shares in SJ Corporation Ltd. Following the acquisition, Patel’s total holding represents 2.34% of the company’s total diluted share/voting capital.
SJ Corporation Ltd's equity share capital prior to the acquisition was Rs. 83,55,000, divided into 83,55,000 equity shares of Re. 1 each. Post-acquisition, the equity share capital stands at Rs. 4,33,55,000, divided into 4,33,55,000 equity shares of Re. 1 each.
Kalpesh Patel made a public announcement on January 30, 2026, regarding an open offer, and the company awaits SEBI approval for a change in management.
| Name of the Target Company (TC) | SJ CORPORATION LIMITED |
|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer | Kalpesh Patel |
| Whether the acquirer belongs to Promoter/Promoter group | Yes (Proposed Promoter) |
| Number of shares acquired | 10,15,050 |
| % w.r.t. total share/voting capital wherever applicable | 2.34 |
| % w.r.t. total diluted share/voting capital of the TC | 2.34 |
| Mode of acquisition | Preferential Allotment |
| Date of acquisition | 20/03/2026 |
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