
SJ Corporation Board Approves Financial Results, Auditor Change, CEO Appointment
SJ Corporation Limited's Board of Directors met on August 13, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The board also accepted the resignation of the current statutory auditors, SDBA & Co., effective August 14, 2026, due to the expiry of their term. M/s. Finava and Associates has been appointed as the new statutory auditors for a five-year term starting August 14, 2026, subject to shareholder approval. Additionally, the board approved the appointment of Mr. CA Krunal Pala as Internal Auditor for FY27, Mr. Prashant Kanjibhai Kalavadia as CEO, Mr. Umang Kantilal Savani as Chairperson and Director, and Mr. Ronak Vallabhbhai Kalathiya and Mrs. Mayuri Priyankkumar Savani as Additional Independent Directors, all effective August 13, 2026, subject to necessary approvals. The board also approved the reconstitution of various committees.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Resignation of statutory auditors accepted; new auditors appointed.
- Key management changes approved, including CEO and directors.
- Internal auditor appointed for FY27.
- Reconstitution of board committees approved.
Price Impact
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