Diggi Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of SJ Corporation Ltd ("Target Company").
M&A
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MEDIUM RISK
📅 Filed on BSE: 07 Jul 2026, 11:39 AM IST · BSE ID: 8f58aa20-fc97-43e5-8747-97a296fc6134
View Original BSE Filing (PDF)
💡
In Simple Terms
The official offer document for acquiring 26.00% of SJ Corporation shares at ₹12.00 each has been issued.
🤖 AI Summary
- Letter of Offer submitted for open offer to SJ Corporation public shareholders by Acquirers.
- Acquirers propose to acquire 1,12,72,300 equity shares, representing 26.00% of voting capital.
- Offer price set at ₹12.00/- per offer share, payable in cash to public shareholders.
- Offer opening date is Monday, July 13, 2026, and closing date is Friday, July 24, 2026.
- Offer is not conditional upon minimum acceptance level; no differential pricing or competing offers.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Offer Shares
1,12,72,300
Percentage of Expanded Voting Share Capital
26.00%
Offer Price per Share
₹12.00/-
🏢 How This Affects the Company
This open offer indicates a change in control and management of SJ Corporation Limited as per SEBI (SAST) Regulations.
Equity shares under lock-in from a preferential issue are not permitted to be tendered in this open offer, as per Regulation 167(2) of SEBI ICDR Regulations.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders of SJ Corporation Limited can choose to tender their shares during the offer period from July 13, 2026, to July 24, 2026.
👤
Who Is Affected
Public shareholders of SJ Corporation Limited are affected, as the Acquirers are offering to acquire up to 1,12,72,300 shares representing 26.00% of the expanded voting share capital.
🔍
Management Signal
The offer to acquire up to 26.00% of shares indicates an intent by the Acquirers to gain substantial ownership and control over SJ Corporation Limited.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Offer closing date — confirm total shares tendered and accepted by July 24, 2026.
Public announcement of offer results — check final acquisition percentage and new shareholder structure.
Any revision to Offer Price — observe if a higher price is announced before July 10, 2026.
MEDIUM RISK
Shareholders must decide whether to tender shares at the stated price or hold, impacting individual investment outcomes.
💡 Investor Takeaway
The Letter of Offer for SJ Corporation's open offer confirms Acquirers Mr. Pintu Kanjibhai Kalavadia, Mr. Prashant Kanjibhai Kalavadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel are acquiring 1,12,72,300 shares, representing 26.00% of expanded voting capital, at ₹12.00/- per share. The offer period is July 13-24, 2026.
⚖️ Strengths & Concerns
✅ Positives
- The offer is not conditional upon a minimum level of acceptance, providing certainty regarding its execution.
- There is no differential pricing in this offer, ensuring all tendering public shareholders receive the same price.
⚠️ Concerns
- Public shareholders who recently received shares under lock-in from a preferential issue cannot tender those shares.
- The Letter of Offer highlights the possibility of an upward revision to the Offer Price, which is not yet confirmed.
📅 Company Track Record
SJ Corporation Limited had an open offer for 26.00% of shares at ₹12.00/- per share submitted on May 08, 2026. The company also received Listing Approval from BSE Limited on April 10, 2026, and Trading Approval on April 24, 2026, for a proposed preferential issue.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the offer price for SJ Corporation shares in the open offer?
The offer price for SJ Corporation shares in the open offer is ₹12.00/- per offer share, payable in cash.
What percentage of SJ Corporation's voting share capital is being acquired?
The Acquirers are offering to acquire up to 1,12,72,300 offer shares, representing 26.00% of the expanded voting share capital of SJ Corporation Limited.
When does the open offer for SJ Corporation shares begin and end?
The open offer for SJ Corporation shares opens on Monday, July 13, 2026, and closes on Friday, July 24, 2026.
Who are the Acquirers making the open offer for SJ Corporation?
The Acquirers are Mr. Pintu Kanjibhai Kalavadia, Mr. Prashant Kanjibhai Kalavadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel.
Questions based on this BSE filing only. For information purposes.