Jonjua Overseas Limited has filed an Expression of Interest (EOI) in the insolvency process of Soni Soya Products Limited to expand its geographical presence into Central India. The company, listed on the BSE SME, disclosed this development through a press release submitted to the exchange on June 30, 2026. Soni Soya Products Limited is a listed entity based in Indore, Madhya Pradesh.

The decision to participate in the insolvency process leverages Jonjua Overseas' 33 years of experience in dealing with listed and unlisted stocks, including financially stressed companies. The company’s Founder Managing Director, Major Harjinder Singh Jonjua (Retd.), has been active in this field since 1990. He is supported by Mr. Harmanpreet Singh Jonjua, a Company Secretary and LLM graduate, who provides expertise in corporate law and legal compliances.

Strategic Rationale

The management highlighted that the team possesses deep knowledge regarding the revival of financially troubled and insolvent companies under the Insolvency and Bankruptcy Code (IBC), 2016. The filing of the EOI for Soni Soya Products Limited aligns with the company's strategy to utilize this expertise for corporate rescue and turnaround opportunities.

The potential acquisition or stake in the Indore-based company is expected to provide Jonjua Overseas with a strategic foothold in the Central Indian market. The company stated that such revivals are the need of the hour in the current economic climate.

Jonjua Overseas Limited has appointed Mrs. Riva Maini as its Company Secretary and Compliance Officer effective June 01, 2026. The appointment strengthens the company's compliance framework as it continues its operations on the BSE SME platform.

The decision was communicated to The BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows a previous corporate disclosure dated March 24, 2026, regarding changes in key managerial personnel.

Mrs. Riva Maini (ACS: 49612) is a qualified Company Secretary with a B.com from Mumbai University. She brings over five years of experience in secretarial and compliance work to the role. Her professional history includes a tenure with Jonjua Overseas Limited starting in 2020, followed by a transfer to Jonjua Air Limited in 2023 to gain further experience before returning to the parent entity.

The appointment details were disclosed in compliance with SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015. Major Harjinder Singh Jonjua (Retd.), Chairman-cum-Managing Director, signed the regulatory filing confirming the appointment.

Appointment Details