Jonjua Overseas Limited has executed a Memorandum of Understanding (MoU) with Mrs. Anjali Sharma to develop a private rooftop helipad near Rampur BSR in Himachal Pradesh. The agreement, dated August 11, 2026, marks a strategic expansion into aviation infrastructure in the Himalayan region, aiming to improve connectivity for tourism, emergency services, and local economic activities. The helipad will be situated on the roof of a seven-storey hotel project being developed by Sharma near the National Highway.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The MoU outlines cooperation and facilitation between the parties for the development of the facility. Jonjua Overseas Limited emphasized that the proposed development and subsequent operation of the helipad are subject to obtaining all requisite approvals from competent authorities, including statutory, regulatory, aviation, safety, and environmental clearances.

Project Details and Leadership

The company has constituted a two-member team to oversee the development of the private rooftop helipad. The team comprises Major Harjinder Singh Jonjua, Retd., the Chairman-cum-Managing Director (CMD) of Jonjua Overseas Limited, and Mr. Harmanpreet Singh Jonjua, a Director at the company.

Major Harjinder Singh Jonjua brings significant expertise to the project, holding a B.Sc., MIE, and C.Eng. qualifications. He possesses 48 years of experience in designing and developing helipads and STOLports in remote and border areas, acquired during service in Jammu & Kashmir, Punjab, Assam, Mizoram, Tripura, and overseas operations. He is also an author of books on aviation and military engineering and holds a patent for a STOLport design with a length of 750 m, filed jointly with Mr. Harmanpreet Singh Jonjua.

Strategic Context

This initiative aligns with Jonjua Overseas Limited’s broader focus on aviation projects. The company identifies itself as a pioneer in starting up aviation ventures, including GNS Airways SA in Cameroon, promoted by Mr. Jean Paul Nana Sandjo, and Jonjua Air Limited, an air taxi startup promoted by The Jonjua Group. The partnership with Sharma, who is based in Rampur BSR, leverages local infrastructure development with specialized aviation engineering capabilities.

What This Means

The execution of this MoU signals Jonjua Overseas Limited’s intent to diversify its operational footprint into regional aviation infrastructure. By targeting remote Himalayan regions, the company aims to address connectivity gaps that impact tourism and emergency response times. However, as the project remains in the preliminary agreement stage, material financial impact or revenue generation will depend on securing the necessary regulatory approvals and completing construction.

Jonjua Overseas Limited has published its notice for the 34th Annual General Meeting (AGM) in The Aman Sandesh Times and The Sky Hawk Times, confirming the timeline for shareholder voting on a proposed 7:24 bonus share issue. The meeting is scheduled for Friday, August 21, 2026, at 4:30 PM at the company's registered office in Mohali, Punjab. Shareholders must cast their votes via the National Securities Depository Limited (NSDL) e-voting platform between August 18, 2026, at 9:00 AM and August 20, 2026, at 5:00 PM to approve the capitalization of ₹7.95 crore from free reserves.

The publication of the newspaper advertisement was disclosed to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Major Harjinder Singh Jonjua Retd., Chairman-cum-Managing Director, signed the disclosure dated July 30, 2026. The company stated that the formal notice of the AGM has been sent to members with registered email IDs or through permitted modes, as required under the Companies Act, 2013 and SEBI LODR Regulations. Members without registered email addresses are advised to update their details with their Depository Participants (DPs) or the Registrar and Transfer Agent (RTA), Adventz Zuari Money, via email at rtal1@adventzzuarimoney.com .

Bonus Issue Details

The Board of Directors approved the bonus issue during its meeting on July 28, 2026. The transaction involves issuing 7,955,966 fully paid-up equity shares of ₹10 each, funded entirely by retained earnings. This move increases the paid-up capital from ₹27.27 crore to ₹35.23 crore. The record date for determining eligibility for both voting rights and bonus entitlements is August 7, 2026. Consequently, the register of members and share transfer books will remain closed from August 10, 2026, to August 21, 2026, inclusive.

Auditor Appointment

Alongside the bonus issue, the Board appointed APT & Co LLP as the Statutory Auditors for the financial year. This appointment is subject to ratification by shareholders at the upcoming AGM. APT & Co LLP is led by CA Amitoz Singh Kamboj, a fellow member of the Institute of Chartered Accountants of India (ICAI). The firm operates a branch office in Chandigarh, providing audit services for the Mohali-based entity.

What the Numbers Show

The capitalization of ₹7,95,59,660 from free reserves underscores Jonjua Overseas Limited's debt-free status and accumulated profitability. With retained earnings standing at ₹906.88 lakhs prior to this adjustment, the company maintains significant liquidity post-capitalization. While the bonus issue dilutes individual shareholding percentages, it does not alter the total market value of shareholders' investments. Instead, it aims to enhance market liquidity through an increased share count, reflecting management's confidence in internal funding mechanisms over external leverage.