Jonjua Overseas Limited has published its notice for the 34th Annual General Meeting (AGM) in The Aman Sandesh Times and The Sky Hawk Times, confirming the timeline for shareholder voting on a proposed 7:24 bonus share issue. The meeting is scheduled for Friday, August 21, 2026, at 4:30 PM at the company's registered office in Mohali, Punjab. Shareholders must cast their votes via the National Securities Depository Limited (NSDL) e-voting platform between August 18, 2026, at 9:00 AM and August 20, 2026, at 5:00 PM to approve the capitalization of ₹7.95 crore from free reserves.

The publication of the newspaper advertisement was disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Major Harjinder Singh Jonjua Retd., Chairman-cum-Managing Director, signed the disclosure dated July 30, 2026. The company stated that the formal notice of the AGM has been sent to members with registered email IDs or through permitted modes, as required under the Companies Act, 2013 and SEBI LODR Regulations. Members without registered email addresses are advised to update their details with their Depository Participants (DPs) or the Registrar and Transfer Agent (RTA), Adventz Zuari Money, via email at rtal1@adventzzuarimoney.com .

Bonus Issue Details

The Board of Directors approved the bonus issue during its meeting on July 28, 2026. The transaction involves issuing 7,955,966 fully paid-up equity shares of ₹10 each, funded entirely by retained earnings. This move increases the paid-up capital from ₹27.27 crore to ₹35.23 crore. The record date for determining eligibility for both voting rights and bonus entitlements is August 7, 2026. Consequently, the register of members and share transfer books will remain closed from August 10, 2026, to August 21, 2026, inclusive.

Auditor Appointment

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

What the Numbers Show

The capitalization of ₹7,95,59,660 from free reserves underscores Jonjua Overseas Limited's debt-free status and accumulated profitability. With retained earnings standing at ₹906.88 lakhs prior to this adjustment, the company maintains significant liquidity post-capitalization. While the bonus issue dilutes individual shareholding percentages, it does not alter the total market value of shareholders' investments. Instead, it aims to enhance market liquidity through an increased share count, reflecting management's confidence in internal funding mechanisms over external leverage.

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.