Jonjua Overseas Limited has signed a Memorandum of Understanding (MoU) with Catobo LLP to collaborate on the design and construction of helipads and vertiports. This partnership aims to leverage global engineering expertise to expand aviation infrastructure capabilities in India, particularly targeting border and hill regions.

Strategic Collaboration Details

The MoU focuses on synergizing efforts between the two entities to develop the aviation market, specifically within the Vertical Take-Off and Landing (VTOL) segment. Catobo LLP, an engineering and technical solutions group headquartered in the UAE, provides specialized services in:

• Helipad and vertiport design and construction
• Airfield lighting systems
• Aircraft warning lights

The agreement seeks to combine Catobo’s global design strength with Jonjua’s development initiatives. The stated objective is to transform the aviation sector in border areas by enabling these facilities in challenging terrains.

Operational Scope

Jonjua Overseas, operating from Mohali, Punjab, indicated that the collaboration will provide a competitive edge in the field of aviation infrastructure. The partnership is grounded in innovation and excellence in engineering projects, addressing the fast-growing VTOL sector in India. By integrating advanced design solutions, the companies aim to meet the rising demand for safe and sustainable aviation facilities in remote locations.

Jonjua Overseas Limited’s board of directors approved the formation of a Fund Raising Committee and authorized subscription to a rights issue in its subsidiary, HSJonjua Innovateagro Private Limited. The meeting, held on September 18, 2026, also marked the completion of the company’s eighth bonus issue since listing in 2019.

The newly constituted committee, comprising Harmanpreet Singh Jonjua and Major Harjinder Singh Jonjua (Retd.), has been empowered to determine the amount to be raised, the objectives for capital raising, and the mode of resource mobilization. The committee is further authorized to handle all necessary compliance related to these activities.

Strategic Capital Moves

The board’s decision to establish a dedicated fund raising body signals a structured approach to future capital requirements. By empowering specific directors to define the quantum and purpose of fundraising, the company aims to maintain flexibility in meeting growth objectives. The approval of the audit committee’s recommendation regarding the rights issue subscription in HSJonjua Innovateagro Private Limited indicates continued consolidation or support within the group structure.

Corporate Actions and Governance

The board acknowledged the successful completion of its eighth bonus issue, noting the cooperation of BSE, NSDL, CDSL, and RTA Zuari Finserv Limited. This marks a significant shareholder return milestone for the company, which also declared one dividend in 2025. The board emphasized its intent to continue seeking new growth opportunities to sustain momentum while reviewing general day-to-day affairs.

As a bank debt-free entity, Jonjua Overseas maintains a clean balance sheet profile. The upcoming capital raising activities will likely be scrutinized by investors for their impact on equity dilution and strategic deployment of funds.