BSE Query Details

The exchange query, dated June 30, 2026, identified a discrepancy in the company's previously submitted financial results for the year ended March 2026 under Regulation 33/52 of SEBI LODR. The specific discrepancy was that the Consolidated Auditor Report was not in the SEBI-prescribed format as mandated by circular CIR/CFD/CMD1/80/2019 dated July 19, 2019. The query requested a submission of the auditor report in the correct format.

Clarification and Action Taken

In response, the company is enclosing a revised Consolidated Auditor Report for the year ended March 31, 2026, formatted as per SEBI requirements. The letter was signed and submitted on July 3, 2026, by Deepak Bhikhalal Upadhyay, Director (DIN: 02270389).

Auditor's Report on Consolidated Financial Results

The attached Independent Auditor's Report, issued by SDBA & Co. (FRN: 142004W) and signed by Partner Sanjeev A. Mehta (M. No: 41287) on May 30, 2026, provides an opinion on the annual consolidated financial results.

Opinion: The auditors state that the consolidated financial results for the year ended March 31, 2026:

  • (i) are presented in accordance with Regulation 33 of the LODR Regulations.
  • (ii) give a true and fair view of the consolidated net loss and consolidated other comprehensive loss of the Group (SJ Corporation Ltd and its subsidiary Fishfa Rubbers Limited) in conformity with Indian Accounting Standards.

The audit was conducted in accordance with Standards on Auditing (SAs).

Other Matters from Auditor's Report

1. Subsidiary Audit: The consolidated results incorporate the audited standalone financial statements of the subsidiary, Fishfa Rubbers Limited, which were audited by other auditors. The subsidiary's key financials as of March 31, 2026, are:

  • Total Assets: ₹21,471.72 lakh
  • Total Revenues: ₹18,280.75 lakh
  • Total Profit After Tax: ₹1,290.32 lakh
  • Net Cash Outflows: ₹336.52 lakh for the year

The parent company's auditor's opinion is based on the reports from these other auditors.

2. Quarterly Figures: The results for the quarter ended March 31, 2026, are presented as a balancing figure between the audited full-year figures and the published year-to-date figures up to the third quarter, which were subject to a limited review.