Jonjua Overseas Limited has disclosed a significant shareholding change by its promoter group entity through regulatory filings with BSE Limited. The transaction involves the sale of equity shares by Jonjua Air Limited, which is classified as a promoter group company.

Transaction Details

Jonjua Air Limited executed an off-market sale of 5,77,573 equity shares on March 20, 2026. The transaction represents 2.12% of the total share capital of Jonjua Overseas Limited.

Shareholding Pattern Changes

The sale has resulted in a reduction of Jonjua Air Limited's stake in Jonjua Overseas Limited. The promoter group entity's holding has decreased from 9.18% to 7.06% following the transaction.

Company Information

Jonjua Overseas Limited is listed and traded on the BSE SME platform under the trading symbol JONJUA with scrip code 542446. The company maintains its registered and corporate office at 545, Jubilee Walk, Sector 70, Mohali 160071, Punjab.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Major Harjinder Singh Jonjua (Retd.), who serves as Managing Director of Jonjua Air Limited and Chairman-cum-Managing Director of Jonjua Overseas Limited, with DIN: 00898324.

The transaction maintains the company's total equity share capital at 2,72,77,597 equity shares of ₹10 each, with no changes to the overall capital structure. The sale represents a strategic decision by the promoter group while maintaining significant influence in the company's operations.

Jonjua overseas Limited has released the scrutinizer's report for its Extra Ordinary General Meeting (EGM) held on March 18, 2026, confirming the successful passage of all four special resolutions. The meeting was conducted at the company's registered office at 545, Jubilee Walk Sector 70, S.A.S. Nagar (Mohali), Punjab, in compliance with SEBI regulations.

Meeting Overview and Attendance

The EGM was held from 04:30 PM to 05:40 PM with Major Harjinder Singh Jonjua serving as Chairperson. Shri Abhishek Gupta, Advocate (P/2434/2011), acted as the appointed Scrutinizer for the voting process. The meeting saw participation from 31 shareholders, including 7 promoters and promoter group members and 24 public shareholders.

Voting Results Summary

All four special resolutions were passed with unanimous approval from participating shareholders. The company has 27,277,597 total shares, with promoter and promoter group holding 7,937,320 shares and public non-institutions holding 19,340,277 shares.

Detailed Voting Analysis

The voting process included both e-voting and poll mechanisms. For Resolution 1 and Resolution 3, both promoter group and public shareholders participated, achieving 43.37% of total outstanding shares. Resolutions 2 and 4, which involved promoter group interests, saw participation only from public shareholders, representing 14.27% of outstanding shares, as promoter group members abstained from voting due to their interest in these matters.

Corporate Governance Compliance

The scrutinizer's report confirms full compliance with the Companies Act, 2013 and SEBI regulations. The company has communicated the results to BSE Limited, where it trades under scrip code 542446. Major Harjinder Singh Jonjua digitally signed the communication to the stock exchange on March 19, 2026, ensuring timely disclosure of the voting outcomes.