Jonjua Overseas Limited jonjua overseas has scheduled its 34th Annual General Meeting (AGM) for August 21, 2026, to seek shareholder approval for a significant bonus share issuance and a major technology acquisition. The Board recommends issuing seven fully paid-up equity shares as bonus for every 24 held, aggregating up to 79,55,966 shares valued at ₹7,95,59,660. Additionally, shareholders are asked to approve the purchase of 'Innovative Eco-Friendly Technology for VTOL/STOL Helipads and Airstrips' from Major Harjinder Singh Jonjua, Retd., for ₹19,13,62,000, based on a valuation by CS Brij Agnihotri.

The AGM, set for 4:30 PM at the company’s registered office in Mohali, Punjab, also addresses governance and operational expansions. Shareholders will vote on the reappointment of Harmanpreet Singh Jonjua as a director retiring by rotation and the appointment of APT & Co. LLP as statutory auditors for five years, replacing Jain and Associates who resigned due to non-renewal of their peer review certificate. The company is listed on the BSE SME Platform, and e-voting facilities are available from August 18 to August 20, 2026.

A substantial portion of the special business involves setting transaction limits with related parties under Section 188 of the Companies Act, 2013. The Board seeks approval for contracts, loans, and asset transactions with specific promoters and group entities, capping each at ₹100 crore. This omnibus approval covers Major Harjinder Singh Jonjua, Maninder Kaur Jonjua, Harmanpreet Singh Jonjua, Ranbir Kaur Jonjua, HS Jonjua & Sons (HUF), Jonjua Air Limited, HSJONJUA AEROINFRA Private Limited, and HSJONJUA INNOVATEAGRO Private Limited.

Financial Performance in FY26

The company reported strong financial growth for the fiscal year ended March 31, 2026. Total revenue surged to ₹2,199.33 lakhs from ₹654.38 lakhs in the previous year. Profit After Tax (PAT) increased significantly to ₹806.97 lakhs compared to ₹245.78 lakhs in FY25. EBITDA rose to ₹1,217.59 lakhs from ₹385.87 lakhs. Net revenue from operations stood at ₹2,120.51 lakhs, while other income contributed ₹78.82 lakhs.

Strategic Initiatives and Corporate Actions

Beyond the immediate AGM resolutions, the company highlighted its expansion into new ventures, including digital and paper book lending, aviation consultancy, and distressed assets. During FY26, the company already executed two bonus issues: 11,54,607 shares in a 1:20 ratio in July 2025 and 30,30,844 shares in a 5:40 ratio in January 2026. The authorized share capital was increased to ₹49.95 crore during the year.

The proposed acquisition of VTOL/STOL helipad technology is positioned as a key growth driver, particularly for low-cost aviation operations in hilly and border areas. The payment for this intangible asset may be adjusted against amounts due to the Chairman or his assignees. The company also noted an amendment to its Memorandum of Association to replace the word 'merchants' with 'goods' to better reflect its business scope.

Jonjua Overseas Limited has approved a bonus share issue in the ratio of 7:24, signaling confidence in its financial stability and aiming to reward shareholders without cash outflow. The Board of Directors sanctioned the resolution during a meeting held on July 28, 2026, which will increase the company's paid-up capital from ₹27.27 crore to ₹35.23 crore upon completion. This capitalization is funded entirely by free reserves, including retained earnings, reflecting the firm's debt-free status and accumulated profitability. The move underscores management's preference for internal funding mechanisms over external leverage.

The bonus issue involves the issuance of 7,955,966 fully paid-up equity shares of ₹10 each. The transaction requires approval from regulatory authorities and shareholders at the upcoming Annual General Meeting (AGM). The Board confirmed that the figures are based on audited financial statements as of March 31, 2026, ensuring transparency in reserve utilization. The likely date for completion of the bonus issue is set for September 28, 2026, two months from the board's approval.

Alongside the bonus approval, the Board appointed APT & Co LLP, Chartered Accountants, as the Statutory Auditors of the company. This appointment is subject to ratification by shareholders at the AGM. APT & Co LLP is led by CA Amitoz Singh Kamboj, a fellow member of the Institute of Chartered Accountants of India (ICAI) with extensive experience in direct taxes. The firm operates a branch office in Chandigarh, providing localized audit services for the Mohali-based company.

Key Financial Metrics

The following table outlines the changes to the company's share capital structure as a result of the bonus issue:

What the Numbers Show

The decision to capitalize ₹7,95,59,660 from free reserves highlights Jonjua Overseas Limited's strong balance sheet position. With retained earnings standing at ₹906.88 lakhs, the company retains significant liquidity post-capitalization. The bonus issue dilutes existing shareholding percentages but does not alter the total market value of shareholders' investments, offering a psychological boost and potentially enhancing liquidity through increased share count. As a bank-debt-free entity, the move underscores management's preference for internal funding mechanisms over external leverage.

AGM and Voting Details

The 34th Annual General Meeting will be held on Friday, August 21, 2026, at 4:30 PM at the company's registered office in Mohali, Punjab. Shareholders can participate via remote e-voting from August 18, 2026, at 9:00 AM to August 20, 2026, at 5:00 PM. The register of members and share transfer books will remain closed from August 10, 2026, to August 21, 2026, inclusive, to determine eligibility for voting and bonus entitlements. The cut-off date for record purposes is August 7, 2026.