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Gems- Jewellery And Watches
Promoter Reclassification7 Oct 2026, 01:22 pm

SJ Corporation Seeks Promoter Reclassification Approval

AI Summary

SJ Corporation Ltd has submitted an application to the BSE seeking no objection for the reclassification of its promoters, Savji D Patel and Ushaben Savjibhai Patel. The application, filed under Regulation 31A of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, aims to reclassify them from 'Promoter and Promoter Group' to the 'Public Category'. This decision was made during a Board Meeting held on October 3, 2026. The company is awaiting approval from the exchange.

Key Highlights

  • Application submitted for promoter reclassification.
  • Savji D Patel and Ushaben Savjibhai Patel to be reclassified.
  • Reclassification is from Promoter to Public category.
  • SEBI LODR Regulations 31A is the governing clause.
  • Board approved the application on October 3, 2026.