Jonjua Overseas Limited has approved the allotment of bonus equity shares in the ratio of 7:24 and the acquisition of eco-friendly technology for VTOL/STOL helipads. The board meeting concluded on September 7, 2026.

The company will issue 79,55,966 fully paid-up bonus equity shares of ₹10 each to shareholders on record as of September 4, 2026. This increases the paid-up capital from ₹27.28 crore to ₹35.23 crore.

Bonus Share Allotment Details

The board approved the capital expansion to reward long-term shareholders. The transaction details are as follows:

Acquisition of VTOL Technology

The board also approved the acquisition of 'Innovative Eco-Friendly Technology for VTOL/STOL Helipads and Airstrips' from Major Harjinder Singh Jonjua, Retd., the Chairman-cum-Managing Director. The transaction value is ₹19.14 crore, representing 87% of the company's annual consolidated turnover for the preceding financial year.

The technology is classified as an intangible asset and a trade secret. The company intends to use it immediately for constructing or developing airstrips and helipads. The amount is payable on demand or may be adjusted against the issue of shares. A registered valuer report supported the transaction.

Board Meeting Outcome

The meeting, held under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also reviewed day-to-day affairs. Major Harjinder Singh Jonjua signed the notice dated September 7, 2026.

Jonjua Overseas has fixed September 4, 2026 as the record date for its approved bonus issue of 79,55,966 equity shares. The shares will be available for trading on September 8, 2026, subject to regulatory approvals.

The company notified the Bombay Stock Exchange (BSE) on August 24, 2026, under Regulation 42 of the SEBI (LODR) Regulations, 2015. This follows the unanimous approval of the bonus issue by shareholders at the 34th annual general meeting held on August 21, 2026.

Bonus Issue Timeline

The company outlined specific dates for the allotment and listing process in its intimation to the exchange. All dates are subject to receiving necessary approvals from BSE and other authorities.

Shareholders holding equity shares on the record date will be eligible for the allotment. The company committed to submitting requisite documents to the depository by 12:00 pm on September 7, 2026, to ensure credit of bonus shares in the depository system.

Previous AGM Resolutions

The bonus issue was one of several key resolutions passed at the recent AGM. Shareholders also approved the acquisition of vertical take-off and landing (VTOL) technology from Chairman Major Harjinder Singh Jonjua. The meeting addressed governance matters by setting limits for related-party transactions involving promoters and associated entities.

Other ordinary business included the adoption of audited financial statements for FY26 and the reappointment of Harmanpreet Singh Jonjua as a director.