Jain & Associates resigns as statutory auditor of Jonjua Overseas

Jain & Associates resigned as the statutory auditor of Jonjua Overseas Limited effective July 15, 2026, due to the non-renewal of the firm's Peer Review. The resignation was communicated to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The firm confirmed it will ensure a smooth handover of documents to the incoming auditor.

The company received the resignation letter dated July 15, 2026, from Jain & Associates. The resignation is effective immediately from the same date. The firm cited the non-renewal of its Peer Review as the specific reason for stepping down from the role.

Resignation Details

The following table outlines the key particulars of the auditor's resignation as disclosed by the company:

Sr. No.	PARTICULARS	DETAILS
1.	Name of the Company	Jonjua Overseas Limited
2.	Name of the Auditor	Jain & Associates
3.	Reason viz. Resignation	Jain & Associates has tendered his resignation from Statutory auditors of the Company vide his letter dated 15th July, 2026, due to non renewal of Peer Review of the firm.
4.	Date of Resignation	With immediate effect from 15th July, 2026.
5.	Brief Profile (in case of appointment)	NA
6.	Disclosure of relation between director (in case of appointment of director)	NA

Jain & Associates requested that the requisite forms be filed with the Registrar of Companies as well as with SEBI. The firm stated it would ensure all relevant documents and information are handed over to the incoming auditor in a smooth and orderly manner, to the extent required. The intimation was signed by Major Harjinder Singh Jonjua (Retd.), Managing Director of Jonjua Overseas Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.96%	+19.06%	+8.55%	-7.07%	-59.25%	-64.75%

Jonjua Overseas Limited has filed an Expression of Interest (EOI) in the insolvency process of Soni Soya Products Limited to expand its geographical presence into Central India. The company, listed on the BSE SME, disclosed this development through a press release submitted to the exchange on June 30, 2026. Soni Soya Products Limited is a listed entity based in Indore, Madhya Pradesh.

The decision to participate in the insolvency process leverages Jonjua Overseas' 33 years of experience in dealing with listed and unlisted stocks, including financially stressed companies. The company’s Founder Managing Director, Major Harjinder Singh Jonjua (Retd.), has been active in this field since 1990. He is supported by Mr. Harmanpreet Singh Jonjua, a Company Secretary and LLM graduate, who provides expertise in corporate law and legal compliances.

Strategic Rationale

The management highlighted that the team possesses deep knowledge regarding the revival of financially troubled and insolvent companies under the Insolvency and Bankruptcy Code (IBC), 2016. The filing of the EOI for Soni Soya Products Limited aligns with the company's strategy to utilize this expertise for corporate rescue and turnaround opportunities.

The potential acquisition or stake in the Indore-based company is expected to provide Jonjua Overseas with a strategic foothold in the Central Indian market. The company stated that such revivals are the need of the hour in the current economic climate.