Board approves promoter reclassification, office shift to Rajkot, name change to Fishfa Industries, and CS change

At a shorter-notice board meeting on October 03, 2026, the board of SJ Corporation considered and approved a promoter-group reclassification to 'Public Category', shifting the registered office to Rajkot.

Sat 3 Oct 2026

Promoter Group holding

Ushaben Savjibhai Patel holds 10,00,000 equity shares (2.31%)

Other promoter group holding

Savji D Patel holds NIL shares

Share Purchase Agreement

49,20,000 equity shares, representing 11.35% of the Expanded Voting Share Capital, dated 30th January, 2026

Registered office shift

from Malad East, Mumbai to Lodhika GIDC, Metoda, Rajkot - 360021, Gujarat, w.e.f. October 03, 2026

New Company Secretary & Compliance Officer

Mr. Jay Bharatbhai Pansuria (FCS 12628) appointed w.e.f. 3rd October, 2026

SJ Corporation Limited's board met on shorter notice on October 03, 2026 (from 2.00 P.M to 3.00 P.M) and approved five items: a promoter-group reclassification, a shift of the registered office, a change of the company's name, and a change of Company Secretary and Compliance Officer.

Promoter reclassification to 'Public Category'

• The board considered and approved the requests received from two persons of the Promoter Group, Savji D Patel and Ushaben Savjibhai Patel, to be reclassified from 'Promoter Group' to 'Public Category'. The reclassification letters were received on 24th September, 2026, and the requests were intimated to the stock exchange.
• Savji D Patel holds NIL shares. Ushaben Savjibhai Patel holds 10,00,000 equity shares, which is 2.31%.
• The board noted that the outgoing promoters are not in control or management of the company, have no say in management decisions, and hold no special rights.
• The board's approval is subject to approval of the shareholders and stock exchanges / other regulatory authorities. On approval, the change will be effected in the statement of shareholding pattern from the immediate succeeding quarter.
• The applicants confirmed that they satisfy the conditions in Regulation 31A and will continue to comply with certain of those conditions for not less than three years from the date of reclassification, failing which they shall automatically be reclassified back under the Promoter Group category. Their confirmations include that they do not hold more than ten percent of the total voting rights, do not exercise control, have no special rights, have not been represented on the board (including no nominee director), have never acted as a key managerial person, are not a 'willful defaulter' as per Reserve Bank of India guidelines, and are not a fugitive economic offender.

Background stated in the update

• Savjibhai Patel and Ushaben Savjibhai Patel have entered into a Share Purchase Agreement dated 30th January, 2026 for the transfer of 49,20,000 equity shares, representing 11.35% of the Expanded Voting Share Capital, along with the management rights and control, from the sellers to the Acquirer/Proposed Promoters as per Open offer.
• Savji D Patel is acquiring land of the company, which was approved by the shareholders at the Annual General Meeting held on 28th September, 2026 and registration is under process; apart from this, the update states there is no agreement with Savji D Patel.

Registered office shift

The board approved shifting the registered office from the existing Malad East, Mumbai address to Plot No. G-1357/58/59/60, Lodhika GIDC, Metoda, Rajkot - 360021, Gujarat, with effect from October 03, 2026.

Change of name

The board considered and approved the change of the company's name to Fishfa Industries Limited or any other name available, on receipt of approval from the Ministry of Corporate Affairs on name availability. It is subject to the approval of shareholders and the Central Government, and to the consequent alteration of the relevant clauses of the Memorandum of Association and Articles of Association.

Company Secretary and Compliance Officer

• Mrs. Deepa Ashokkumar Dhamecha resigned from the post of Company Secretary and Compliance Officer with effect from October 02, 2026; the stated reason for the change is "Due to personal". Her resignation letter carries the date October 2, 2026 and is marked accepted.
• Based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Mr. Jay Bharatbhai Pansuria (Membership No. FCS 12628) as Company Secretary and Compliance Officer with effect from 3rd October, 2026.
• His stated profile: a Fellow Member of the Institute of Company Secretaries of India, with professional qualifications in Law (LL.B) and Business Administration (B.B.A), experience across FMCG, chemicals, government undertakings and manufacturing, and he is also an Independent Director of Shining Tools Limited, Rajkot.

What this means in simple terms

• A promoter reclassification does not by itself change how many shares anyone holds; it changes the category in which those holdings are shown in the shareholding pattern, once the required approvals are in place.
• The registered office is moving to Rajkot, Gujarat, and the proposed new name is also being sought, both indicating a change in the company's registered base.
• The Company Secretary and Compliance Officer role has passed from one person to another on consecutive dates, with the incoming officer's qualifications and experience set out in the update.

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