Jonjua Overseas Ltd Announces Bonus Issue and Acquires Eco-Friendly Technology for Airstrip Development
Jonjua Overseas Limited, a company listed on the BSE SME, announced significant corporate developments following a Board meeting held on September 7, 2026. The company approved the allotment of Bonus Equity Shares and finalized the acquisition of a specialized eco-friendly technology crucial for future infrastructural development.The Board meeting, which started at 09:00 am and concluded at 09:26 am, reviewed the company's general day-to-day affairs.
Bonus Equity Share Allotment
The Board approved the allotment of 79,55,966 fully paid-up Bonus Equity Shares of Rs. 10/- each. This allotment was approved based on a record date fixed for September 4, 2026, and followed a ratio of 7 bonus shares for every 24 shares held.This bonus allotment resulted in a substantial increase in the company’s paid-up share capital.
| Capital Status | Before Allotment | After Allotment |
|---|---|---|
| Total Capital | Rs. 27,27,75,970 | Rs. 35,23,35,630 |
| Total Shares | 2,72,77,597 | 3,52,33,563 |
| Par Value | Rs. 10/- per share | Rs. 10/- per share |
Acquisition of VTOL/STOL Helipad Technology
The company's Board, following approval by the Audit Committee and Shareholders Resolution, approved the acquisition of 'INNOVATIVE ECO-FRIENDLY TECHNOLOGY FOR VTOL/STOL HELIPADS AND AIRSTRIPS' (Trade Secret). This intangible asset will be immediately put to use by the company.The technology was acquired from Major Harjinder Singh Jonjua, Retd., for a value of Rs. 19,13,62,000/-. This amount represents 87% of the listed entity's annual consolidated turnover from the immediately preceding financial year.
The terms of the transaction state that the amount is payable on demand, with the company retaining the option to adjust the payment against the issuance of shares.
Details regarding the technology acquisition are presented below:
| Feature | Details |
|---|---|
| Intangible Good Acquired | INNOVATIVE ECO-FRIENDLY TECHNOLOGY FOR VTOL/STOL HELIPADS AND AIRSTRIPS (Trade Secret) |
| Acquiring Party | Jonjua Overseas Limited |
| Selling Party | Major Harjinder Singh Jonjua, Retd. |
| Transaction Value | Rs. 19,13,62,000/- |
| Immediate Usage | The technology will be used immediately. |
| Justification | The acquisition is beneficial for the company's growth, as it supports the intent to construct or develop an airstrip or helipad, supplementing the company's existing business in printed books, physical stocks, and intangible goods. |
Stock Price Movement
As of 09:49, Jonjua Overseas Ltd shares are edging higher, currently sitting at ₹3.98, which represents a 3.65% rise. The stock traded within an intraday range, moving from a low of ₹3.86 to a high of ₹4.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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