Jonjua Overseas has scheduled a board meeting for September 18, 2026, to consider proposals for fundraising and a potential rights issue subscription in an associate entity.

The meeting is slated for 4:00 pm on Friday, September 18, 2026. The agenda includes the formation of a Fundraising Committee to determine the amount and mode of finance to be raised, subject to requisite approvals under applicable law.

Key Agenda Items

The Board of Directors will also review the proposal to subscribe to the Rights Issue of HSJONJUA INNOVATEAGRO Private Limited. The company described this venture as part of The Jonjua Group’s focus on agricultural technology and innovation.

Additionally, the board will review day-to-day affairs of the company and any other matters with the permission of the Chairman-cum-Managing Director.

About HSJONJUA INNOVATEAGRO

HSJONJUA INNOVATEAGRO Private Limited engages in cultivating and selling seeds, printed books, and research into technologies for agriculture produce by-products. These technologies aim to create bio-fertilizers or eco-friendly Green Bricks to reduce carbon footprint.

The venture focuses on food security through high-growth seeds, environment protection, climate resilience, and faster transportation of agriculture produce from remote areas. It operates within Punjab, a region noted for agricultural technology innovation.

Jonjua Overseas operates as a bank debt-free company listed on BSE SME. The intimation was issued on September 10, 2026, under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.