SJ Corporation: Promoters lift stake after 2026 open offer

What the latest BSE disclosures show

BSE filings under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 indicate multiple promoter-group acquisitions in SJ Corporation Limited through an open offer process. The disclosures relate to share purchases that increased individual promoter holdings, with filings made to the exchange in late August 2026. The same compilation of exchange updates also lists separate Regulation 29(2) disclosures for other listed companies dated around September 1, 2026.

The SJ Corporation disclosures are notable because they provide a clear breakdown of shares acquired, post-transaction holdings, and confirmation that the holdings are not encumbered. The open offer referenced in the filings is stated to have closed on August 3, 2026.

Regulation 29(2): why these filings matter

Regulation 29(2) of SEBI SAST applies when an acquirer who already holds 5% or more shares or voting rights in a target company acquires or disposes of shares representing 2% or more of the company’s shares or voting rights. The regulation requires disclosure in the specified form.

The text accompanying the exchange update also states that the disclosures required under the relevant sub-regulations must be made within two working days of receipt of intimation of allotment, or the acquisition of shares or voting rights. Such disclosure is to be made to each stock exchange where the shares are listed and to the target company at its registered office.

Umang Kantilal Savani lifts stake to 10.83%

One of the filings states that Umang Kantilal Savani, described as a promoter of SJ Corporation Limited, acquired 4,35,042 equity shares via the open offer route. The filing describes this as a 1.00% increase in total voting capital and puts the post-acquisition stake at 10.83%.

The disclosure also provides a before-and-after view of equity shares held, moving from 42,61,202 to 46,96,244. It further states the acquisition was executed off-market as part of a public open offer that was announced on January 30, 2026 and closed on August 3, 2026.

The filing notes the shares carry voting rights and are not encumbered by pledge or lien. It also states there are no warrants, convertible securities, or other instruments associated with this holding.

Pintu Kanjibhai Kalavadia increases holding to 20.38%

Separate disclosure details state that Pintu Kanjibhai Kalavadia, described as a proposed promoter of SJ Corporation Limited, acquired 6,23,942 equity shares pursuant to an open offer. The filing states this represented a 1.44% increase in holding and raised the stake from 18.94% to 20.38%.

The same set of details mentions the number of shares held increased from 82,11,874 to 88,35,816 after the transaction. Another reference within the provided text also mentions an acquisition of 55 equity shares, with total holding stated as 88,35,871 shares while maintaining a 20.38% stake.

Across the disclosures described, the holding is stated to have no encumbrances and no associated warrants or convertible securities. The acquisition is described as off-market and executed through the open offer mechanism.

Prashant K Kalavadia acquires 4,91,648 shares

Prashant K Kalavadia, described as a promoter of SJ Corporation Limited, is stated to have acquired 4,91,648 equity shares representing 1.13% of the company’s voting capital through an open offer on August 21, 2026. The disclosure states this brought his total shareholding to 87,03,522 shares, or 20.08% of the total voting capital.

The exchange update states the transaction was disclosed under Regulation 29(2) of the SEBI SAST Regulations, 2011. The disclosure is described as having been filed with BSE Limited on August 25, 2026.

Kalpesh Patel adds 1,03,672 shares; stake at 2.58%

Another promoter disclosure in the provided text states that Kalpesh Patel acquired 1,03,672 equity shares in SJ Corporation Limited via open offer. The acquisition is described as increasing his stake by 0.24%, taking his total holding to 11,18,722 shares or a 2.58% stake.

This filing is also described as being made under SEBI SAST Regulation 29(2), with disclosure to BSE stated as August 25, 2026. The text states there are no encumbrances or pledged shares in the holding.

Dates referenced in the SJ Corporation filings

The provided material repeatedly links these acquisitions to the open offer that closed on August 3, 2026. For Umang Kantilal Savani, the open offer is also stated to have been announced on January 30, 2026.

The date of receipt of intimation of allotment is specifically mentioned as August 21, 2026 in the material. For Pintu Kanjibhai Kalavadia, the disclosure also references an intimation issued on August 20, 2026 pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, alongside the SAST disclosure.

Other Regulation 29(2) disclosures listed by the exchange

Alongside SJ Corporation-related filings, the exchange table in the provided text lists other acquisitions disclosed under Regulation 29(2) with a broadcast time of September 8, 2026 (around 12:32-12:35). These entries include acquisitions where the “Total Sale” column is shown as “-” and the “Total After Acquisition” is reported as a share count.

Companies and acquirers shown in the table include Almondz Global Securities Limited (Innovative Money Matters Private Limited), BLB Limited (Brij Rattan Bagri), Sinclairs Hotels Limited (Navin Chand Suchanti), and Ganesh Green Bharat Limited (Ketanbhai Narsinhbhai Patel). The acquisition date ranges shown are largely September 1, 2026 (and for Sinclairs Hotels, August 31, 2026 to September 1, 2026).

Key disclosed numbers at a glance

Market context and what is confirmed

The provided exchange summaries label some of these SAST updates with “low impact” and “medium impact” tags, but they do not provide any corresponding stock price movement, trading volumes, or valuation changes. As a result, the confirmed takeaway is limited to changes in promoter shareholding and the compliance disclosures made to the exchange.

What is clearly stated across the SJ Corporation promoter disclosures is the mode of acquisition (open offer, off-market), the share quantities acquired, the updated holdings or stake percentages, and the absence of encumbrances, pledges, warrants, or convertible securities associated with the holdings mentioned.

Conclusion

The latest BSE disclosures under SEBI SAST Regulation 29(2) point to multiple SJ Corporation promoters increasing their holdings through an open offer that closed on August 3, 2026, with filings referenced on August 25, 2026. The filings also confirm the reported promoter holdings are unencumbered and do not include warrants or convertible instruments. Separately, the exchange table lists other Regulation 29(2) acquisition disclosures across several companies with broadcast timestamps on September 8, 2026.