In a major development in the Indian corporate sector, Mr. Pintu Kanjibhai Kalvadia, Mr. Prashant Kanjibhai Kalvadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel (collectively referred to as the Acquirers) have announced an Open Offer for the acquisition of up to 1,12,72,300 shares, representing 26.00% of the expanded voting share capital of SJ Corporation Limited. The offer price has been fixed at ₹12.00 per share, with a maximum cash consideration of ₹13,52,67,600/-, assuming full acceptance by the public shareholders.

The Public Announcement (PA) regarding this open offer was made on Friday, January 30, 2026, in compliance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly known as SEBI SAST Regulations, including all subsequent amendments. The open offer aims to acquire shares from the public shareholders of SJ Corporation, thereby providing an opportunity for them to sell their shares at a fair value determined under SEBI guidelines.

Diggi Corporate Advisors Private Limited has been appointed as the Manager to the Open Offer. Mr. Tarun Dhandh, Director of Diggi Corporate Advisors, confirmed the filing of the public announcement and requested the BSE Limited to upload the PA on its official website for public information.

The open offer represents a significant opportunity for investors in SJ Corporation Limited, as it provides a transparent, SEBI-compliant mechanism for public shareholders to monetize their holdings. The offer price of ₹12 per share has been determined based on the regulations outlined under SEBI SAST, ensuring that shareholders are provided with a fair and equitable consideration.

This move is part of a broader trend in the Indian corporate takeover landscape, where high-value open offers are increasingly being used to consolidate control over listed companies. By acquiring a substantial 26% stake, the acquirers aim to influence the strategic direction of SJ Corporation Limited, while also offering public shareholders a chance to exit at a regulated price.

The maximum consideration for the open offer, ₹13.53 crore, reflects the scale of the transaction and underscores the serious commitment of the acquirers. SEBI-compliant open offers are designed to protect minority shareholders’ interests and ensure transparency in acquisitions, making such announcements highly relevant for investors and the broader market.

In conclusion, the open offer by Mr. Pintu Kanjibhai Kalvadia, Mr. Prashant Kanjibhai Kalvadia, Mr. Umang Kantilal Savani, and Mr. Kalpesh Patel for a 26% stake in SJ Corporation Limited at ₹12 per share marks a key development in the Indian equity market. Managed by Diggi Corporate Advisors Private Limited, this transaction adheres to all SEBI (SAST) regulations, ensuring a fair, transparent, and structured process for public shareholders. Investors and market participants are advised to review the PA for full details and comply with timelines specified under SEBI guidelines for the offer.

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