SJ Corp Subsidiary Allots Shares & Convertible Preference Shares

SJ Corporation Ltd announced that its wholly-owned subsidiary, Fishfa Rubbers Limited (FRL), has approved the allotment of 100 equity shares and 2,05,705 Series A Cumulative Compulsorily Convertible Preference Shares (CCCPS) via preferential private placement. Each security has a nominal value of INR 10. The issue has been subscribed, and funds have been infused. Further details on the conversion of CCCPS will be intimated later. This move by the subsidiary indicates a capital infusion and potential expansion or operational strengthening.