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Management Change13 Aug 2026, 08:40 pm

SJ Corporation Appoints New CEO, Directors; Auditor Resigns

AI Summary

SJ Corporation Limited announced significant management changes following a board meeting on August 13, 2026. The company appointed Mr. Prashant Kanjibhai Kalavadia as the new Chief Executive Officer and approved the appointment of Mr. Umang Kantilal Savani as Chairperson and Additional Non-Executive Non-Independent Director, and Mr. Ronak Vallabhbhai Kalathiya and Mrs. Mayuri Priyankkumar Savani as Additional Non-Executive Independent Directors. The board also approved the appointment of Mr. Manojkumar Maganlal Finva as the new Statutory Auditor for a five-year term, replacing M/s. SDBA & Co. whose term expired. Mr. CA Krunal Pala was appointed as the Internal Auditor for FY 2026-2027. The company also reported its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026.

Key Highlights

  • SJ Corporation appointed Prashant Kanjibhai Kalavadia as new CEO.
  • New directors and chairperson appointed to the board.
  • Statutory auditor M/s. SDBA & Co. resigned due to term expiry.
  • New statutory auditor appointed for a five-year term.
  • Unaudited financial results for Q1 FY27 were approved.