Jonjua Overseas shareholders approved all 14 resolutions at its 34th annual general meeting held on August 21, 2026, including a bonus issue and the acquisition of vertical take-off and landing technology from its chairman. The scrutinizer’s report confirms unanimous promoter support for key strategic moves.

The meeting, chaired by Major Harjinder Singh Jonjua, concluded at 7:40 pm at the company’s registered office in Mohali. Advocate Abhishek Gupta served as the scrutinizer for the poll. A total of 38 shareholders were present either in person or through proxy, with three individuals voting via e-voting.

Key Resolutions Passed

The ordinary business included the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the reappointment of Harmanpreet Singh Jonjua as a director liable to retire by rotation. The appointment of statutory auditors was also part of the ordinary business agenda.

Special resolutions focused on capital structure and strategic acquisitions. Shareholders approved the issue of bonus shares. A significant special resolution involved the approval for the acquisition of a trade secret described as 'innovative eco-friendly technology for VTOL/STOL helipads and airstrips' from Major Harjinder Singh Jonjua, the chairman-cum-managing director.

Related-Party Transaction Limits

The meeting addressed governance matters by setting limits for related-party transactions. These limits were established for:

• Major Harjinder Singh Jonjua
• Mrs. Maninder Kaur Jonjua
• Mr. Harmanpreet Singh Jonjua
• Mrs. Ranbir Kaur Jonjua
• HS Jonjua & Sons (HUF)
• Jonjua Air Limited
• HSJONJUA AEROINFRA Private Limited
• HSJONJUA INNOVATEAGRO Private Limited

Additionally, members approved an amendment to the object clause of the Memorandum of Association. The company remains listed on the SME Platform of the Bombay Stock Exchange.

Jonjua Overseas Limited reported a net profit of ₹123.70 lakh for the quarter ended June 30, 2026, marking a 21.5% increase from the ₹101.99 lakh loss implied by the prior quarter's figures? No, wait. Let's look at the data carefully.

Q1 (Jun 2026) Net Profit: 123.70 Q4 (Mar 2026) Net Profit: 572.48

Wait, 123.70 is LESS than 572.48. It is a DECLINE.

Let's re-read the table. Quarter Ended 30.06.2026: Net Profit 123.70 Quarter Ended 31.03.2026: Net Profit 572.48

So profit FELL from 572.48 to 123.70. That is a drop of ~78%.

Revenue: Q1: 435.23 Q4: 1635.72 Revenue also fell.

So the headline "Net profit rises" is WRONG. It must be "Net profit falls".

Let's recalculate the change. (123.70 - 572.48) / 572.48 = -448.78 / 572.48 = -0.7839 -> -78.4%

Headline: Jonjua Overseas Q1 Results: Net profit falls 78.4% QoQ to ₹123.7 lakh

Let's check YoY. Comparative is N/A.

So the trend is negative.

Let's rewrite the article content with correct directionality.

Jonjua Overseas Limited reported a net profit of ₹123.70 lakh for the quarter ended June 30, 2026, down 78.4% from ₹572.48 lakh in the previous quarter. Gross sales contracted significantly to ₹435.23 lakh from ₹1,635.72 lakh in the preceding period.

The Board of Directors approved the financial results on August 12, 2026. The company has transitioned to quarterly reporting, citing that its paid-up equity share capital exceeded ₹25 crore following a bonus share allotment in January 2026. Consequently, comparative figures for the quarter ended June 30, 2025, are not available.

Financial Performance

Total expenses declined to ₹328.49 lakh from ₹858.53 lakh, driven primarily by a reduction in cost of goods sold to ₹275.40 lakh from ₹788.02 lakh. Depreciation and amortization expense rose slightly to ₹39.81 lakh from ₹35.80 lakh. Finance costs remained stable at ₹1.73 lakh.

What the Numbers Show

The decline in net profit outpaced the drop in revenue, indicating a compression in operating leverage during the quarter. While gross sales fell by 73.4%, total expenses decreased by only 61.7%, suggesting that fixed costs or semi-variable costs did not scale down proportionally with the revenue contraction. Additionally, other income contributed ₹7.89 lakh to the total income, accounting for approximately 1.8% of the total revenue, a minor but positive contribution amidst the operational slowdown.

Corporate Developments

The company disclosed related-party transactions involving the purchase and subsequent sale of 6,25,000 equity shares of HSJONJUA Innovateagro Pvt Ltd. These transactions were approved by the Audit Committee and the Board of Directors. Cash on hand as of June 30, 2026, stood at ₹1.47 crore, up from ₹1.31 crore at the end of the previous fiscal year.

The trading window for directors and designated persons remained closed until August 14, 2026. APT & Co. LLP conducted the limited review of the unaudited standalone financial results.