Jonjua Overseas Limited has approved a bonus share issue in the ratio of 7:24, signaling confidence in its financial health and aiming to reward shareholders with additional equity 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 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 the 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.

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:

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.