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

Board approved reclassifying Savji D Patel (NIL shares, NIL%) and Ushaben Savjibhai Patel (10,00,000 shares, 2.31%) from Promoter Group to Public Category, shifting the registered office to Rajkot.

Sat 3 Oct 2026

Promoter reclassification approved

Savji D Patel (NIL shares, NIL%) and Ushaben Savjibhai Patel (10,00,000 shares, 2.31%) from Promoter Group to Public Category

Share Purchase Agreement

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

Registered office shift

to Plot No. G-1357/58/59/60, Lodhika GIDC, Metoda, Rajkot - 360021, Gujarat w.e.f. October 03, 2026

Name change

change of name to Fishfa Industries Limited, subject to approvals

Company Secretary change

Mr. Jay Bharatbhai Pansuria (Membership No. FCS 12628) appointed w.e.f. 3rd October, 2026; Mrs. Deepa Ashokkumar Dhamecha resigned w.e.f.…

What the board approved

SJ Corporation's board met on Saturday, October 03, 2026 on shorter notice, commencing at 2.00 P.M. and concluding at 3.00 P.M., and approved the following matters.

• Reclassification of two promoter-group persons to the Public category
• Shifting of the registered office from Mumbai, Maharashtra to Rajkot, Gujarat
• A change of the company's name to Fishfa Industries Limited
• Acceptance of the resignation of the Company Secretary and Compliance Officer
• Appointment of a new Company Secretary and Compliance Officer

Promoter reclassification

The board considered and approved the request received from Savji D Patel and Ushaben Savjibhai Patel, described in the update as the Outgoing Promoters, for reclassification from the Promoter Group category to the Public category.

• Savji D Patel: NIL shares, NIL% holding
• Ushaben Savjibhai Patel: 10,00,000 shares, 2.31% holding

The update states these outgoing promoters are not in control or management of the company and have no say in management decisions, and that they hold no special rights. The board's approval is subject to the approval of the other regulatory authorities and shareholders, and the company will give effect to the reclassification in the statement of shareholding pattern from the immediate succeeding quarter.

The board was also informed that Savji D Patel is acquiring land of the Company, which was approved by the shareholders in the Annual General Meeting held on 28th September, 2026 and for which registration is under process.

Share Purchase Agreement

The board was briefed that (A) Savjibhai Patel and (B) Ushaben Savjibhai Patel have entered into a Share Purchase Agreement dated 30th January, 2026 for the transfer of 49,20,000 (Forty-Nine Lakhs Twenty Thousand) 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.

Post reclassification, the outgoing promoters have confirmed they will continue to comply with the specified conditions for a period of not less than three years from the date of such reclassification, failing which they would automatically be reclassified under the Promoter Group category.

Registered office and name change

• The registered office shifts from 201, Shyam Bungalow, Plot No. 199/200, Pushpa Colony, Fatimadevi School Lane, Manchubhai Road, Malad East, Mumbai - 400097, Maharashtra to Plot No. G-1357/58/59/60, Lodhika GIDC, Metoda, Rajkot - 360021, Gujarat with effect from October 03, 2026.
• The change of name to Fishfa Industries Limited, or any other name available, is on receipt of approval from the Ministry of Corporate Affairs on name availability, and is subject to the approval of the shareholders and the Central Government, with the consequent alteration of the relevant clauses of the Memorandum of Association and Articles of Association.

Company Secretary change

• The board accepted the resignation of Mrs. Deepa Ashokkumar Dhamecha from the post of Company Secretary and Compliance Officer with effect from October 02, 2026, with the stated reason being personal.
• 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. He is a Fellow Member of the Institute of Company Secretaries of India, with professional qualifications in Law (LL.B) and Business Administration (B.B.A).

How to read this

The update sets out a set of board-level decisions. The reclassification, the name change and the shifting of the registered office are each subject to approvals from shareholders, stock exchanges and/or other regulatory authorities as applicable, so the changes take effect once those approvals come through.

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