What Approval Was Received?
SJ Corporation Limited has obtained formal regulatory clearance from the Regional Director (RD), Western Region-I, under the Ministry of Corporate Affairs to relocate its registered office. This approval, issued under Section 13(4) of the Companies Act, 2013, facilitates the transition of the company’s primary legal domicile from the State of Maharashtra to the State of Gujarat. The order, dated September 24, 2026, follows an application filed via e-form INC-23.
This regulatory milestone concludes the procedural requirements for the jurisdictional shift from the Registrar of Companies (ROC) Mumbai to the ROC Gujarat, Dadra, and Nagar Haveli.
Why This Approval Matters
The decision to relocate follows a significant shift in the company’s internal control and leadership. According to the regulatory filing, the current management team is now primarily based in Rajkot, Gujarat. Shifting the registered office is expected to streamline administrative operations and governance by aligning the corporate seat with the geographic location of its decision-makers.
Rajkot serves as a prominent industrial hub for the gems and jewellery sector, potentially providing the company with closer proximity to key supply chain partners and manufacturing clusters within the Gujarat region, which is a major global centre for diamond processing.
Business Overview
- SJ Corporation operates within the Gems & Jewellery industry, focusing on diamond trading and jewellery manufacturing.
- The company has recently undergone a strategic change in management, leading to the current relocation to Rajkot, Gujarat.
- Promoter holding currently stands at 13.65%, reflecting a decrease of 57.21% over the last four quarters.
- The company reported a trailing twelve-month net profit of 1.01 crore, recovering from a negative annual net profit in the previous fiscal year.
Financial Context
SJ Corporation has demonstrated significant financial momentum, with its stock price appreciating by 192.37% over the past year, reaching a high of 189.95. The company’s quarterly performance shows an 831.34% year-on-year increase in operating revenue, reaching 55.43 crore. However, the valuation remains high compared to industry peers, with a trailing twelve-month (TTM) price-to-earnings (P/E) ratio of 818.04, significantly exceeding the industry average of 63.87.
While the current momentum score stands at 70.95, the company’s long-term durability score is lower at 30, reflecting a complex financial profile during this period of management transition.
