SJ Corporation: Director Changes, CFO Appointment
SJ Corporation Ltd's board meeting on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Several changes in the board were approved, including the appointment of additional directors (Pintu Kanjibhai Kalavadia, Prashant Kanjibhai Kalavadia, Ekta Ankur Dholakia, Pragnesh Kishorbhai Sonchhatra, Maulik Pravinbhai Dalsaniya), a change in designation for Deepak Bhikhalal Upadhyay, the resignation of Ashish Dhirubhai Satani as CFO, the appointment of Jagdish Vijaybhai Pambhar as CFO, and the cessation of directorship for Savjibhai Dungarshibhai Patel, Usha Savjibhai Patel, Hiral Jainesh Shah, and Prakashkumar Govindbhai Nakarnai due to a change in management control. A share purchase agreement was entered into by the acquirers with the existing promoters.
Key Highlights
- Audited financial results for the quarter and year ended March 31, 2026, were approved.
- Pintu Kanjibhai Kalavadia and Prashant Kanjibhai Kalavadia appointed as Managing and Executive Directors, respectively.
- Ashish Dhirubhai Satani resigned as CFO, Jagdish Vijaybhai Pambhar appointed as the new CFO.
- Savjibhai Dungarshibhai Patel, Usha Savjibhai Patel, Hiral Jainesh Shah, and Prakashkumar Govindbhai Nakarnai ceased to be directors.
- Change of Management and Control of the Company and Share purchase agreement entered into by the Acquirer/Proposed Promoter.
Price Impact
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