SJ Corporation Ltd Allots Shares on Preferential Basis to Promoters and Non-Promoters
SJ Corporation Ltd announced on March 25, 2026, that it has allotted equity shares on a preferential basis to several proposed promoters and non-promoters. The allotments were made following a public announcement on January 30, 2026, and SEBI approval for a change in management is pending.The following individuals and entities received allotments: Pintu Kanjibhai Kalavadia, Prashant K Kalavadia, Umang Kantilal Savani, Kalpesh Patel, Pranir Investments, Apex Advisors LLP, and Quantam Strategic Advisors LLP.
Here's a breakdown of the share allotments:
| Sr. No | Name | Category | No. shares | % of holding |
|---|---|---|---|---|
| 1 | Pintu Kanjibhai Kalavadia | Proposed Promoter | 82,11,874 | 18.94 |
| 2 | Prashant K Kalavadia | Proposed Promoter | 82,11,874 | 18.94 |
| 3 | Umang Kantilal Savani | Proposed Promoter | 42,61,202 | 9.83 |
| 4 | Kalpesh Patel | Proposed Promoter | 10,15,050 | 2.34 |
| 5 | Pranir Investments | Non- promoter | 72,00,000 | 16.61 |
| 6 | Apex Advisors LLP | Non- promoter | 27,50,000 | 6.34 |
| 7 | Quantam Advisors LLP Strategic | Non- promoter | 28,50,000 | 6.57 |
The preferential allotments occurred on March 20, 2026. The company’s equity share capital increased from Rs. 83,55,000 divided into 83,55,000 equity shares of Re. 1/- each to Rs. 4,33,55,000 divided into 4,33,55,000 equity shares of Re. 1/- each.
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