SJ Corporation: Promoters Seek Reclassification to Public Category

SJ Corporation Ltd has received requests from Savji D Patel and Ushaben Savjibhai Patel, formerly part of the Promoter and Promoter Group, seeking reclassification to the 'Public Category'. This follows a Share Purchase Agreement dated January 30, 2026, and a completed open offer on August 3, 2026, where they transferred 49,20,000 equity shares (11.35% stake) along with management control to new acquirers. The applicants confirm they no longer hold shares or exercise control, meeting SEBI LODR Regulations 31A(10) criteria for reclassification. The intention was disclosed in the Letter of Offer.