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Investment30 Oct 2026, 05:13 pm

SJ Corp Subsidiary Invests ₹7.55 Cr in Singapore Firm

AI Summary

SJ Corporation Limited's wholly-owned subsidiary, Fishfa Rubbers Limited (FRL), has approved an investment of up to ₹7.55 Crore (approximately SGD 10,05,000) in Singapore-based Travia Consultancy Services Pte. Ltd. The investment will be made through subscription to ordinary shares, compulsorily convertible preference shares, and/or other convertible instruments. The definitive agreements are yet to be finalized, but the terms will substantially follow a previously executed term sheet. SJ Corporation Limited is not a direct party to the agreement and states that the transaction does not impact its management or control, nor does it impose any liability on the company. The board meeting where this was considered was held on October 30, 2026.

Key Highlights

  • SJ Corp subsidiary to invest up to ₹7.55 Cr in Singapore firm Travia.
  • Investment via shares and convertible instruments.
  • SJ Corp not a direct party to the agreement.
  • Transaction does not impact SJ Corp's management or control.
  • No liability imposed on SJ Corp.