Jonjua Overseas Limited has announced its final dividend recommendation and upcoming Annual General Meeting (AGM) details, following a recent bonus issue.

Dividend Recommendation

The Board of Directors of Jonjua Overseas Limited has recommended a final dividend of Re. 0.10 per equity share (1% on face value of Rs. 10.00 each) for the financial year ended March 31. This dividend recommendation comes after a 1:20 bonus issue conducted earlier in the year, demonstrating the company's commitment to shareholder value.

Annual General Meeting

The 33rd Annual General Meeting of Jonjua Overseas Limited is scheduled for Saturday, September 27, at 04:00 P.M. The meeting will be held at 545 Jubilee Walk, Sector 70, Mohali, Punjab - 160071.

Key Dates

Management Commentary

Major Harjinder Singh Jonjua, Managing Director of Jonjua Overseas Limited, stated, "This recommendation of final dividend for approval of the Shareholders coming after a 1:20 Bonus earlier this year reflects our commitment to delivering consistent value to our Shareholders while maintaining a strong financial position and investing in future growth."

Additional Information

Jonjua Overseas Limited is listed and traded on the BSE SME platform. The company describes itself as a "Zero Bank Debt Company," indicating a strong financial position. Shareholders are advised to participate in the upcoming AGM and exercise their voting rights through the provided remote e-voting facility.

The final dividend is subject to shareholder approval at the AGM. Investors and stakeholders are encouraged to refer to the official company communications for further details and any updates regarding the dividend and AGM proceedings.

Jonjua Overseas Limited , a company listed on the BSE SME platform, has made a significant move by establishing a Global In-house Centre (GIC) at an approximate cost of Rs. 45.00 crores. This strategic investment aims to bolster the company's position in the global market and enhance its capabilities across various sectors.

Key Highlights of the Global In-house Centre

• Investment: The GIC has been set up at an approximate cost of Rs. 45.00 crores.
• Funding: The setup was funded through internal resource generation and loans from the promoter and promoter group, maintaining the company's zero bank debt status.
• Brand Expansion: Jonjua Overseas has acquired several tradenames to strengthen its brand portfolio and expand its global market reach.
• Knowledge Hub: The GIC includes a business library of printed books and e-books, focusing on aviation, aviation engineering/infrastructure, outsourcing, trading of unlisted securities, and agriculture.

Strategic Objectives

The Global In-house Centre is positioned to serve as a knowledge resource and innovation hub for businesses globally. By leveraging nearly 35 years of established trust in the global market, Jonjua Overseas aims to:

1. Strengthen its brand portfolio
2. Enter or deepen its reach into new markets globally
3. Act as a knowledge resource and idea funnel for business innovation
4. Provide a cutting-edge platform for businesses in aviation, outsourcing, trading, and agriculture sectors

Management and Leadership

The company's leadership team driving this initiative includes:

• Major Harjinder Singh Jonjua, Retd. - Managing Director
  • Alumnus of NDA and CME
  • Decorated in Airborne Operations Overseas (OP CACTUS LILY MALDIVES/1988)
• Mr. Harmanpreet Singh Jonjua - Director
  • Company Secretary and Corporate Lawyer

Financial Prudence

Jonjua Overseas Limited has demonstrated financial prudence in its approach to establishing the GIC:

• The entire setup was funded through internal resources and promoter group loans.
• The company maintains a zero bank debt status, avoiding reliance on external financial institutions.

This strategic move by Jonjua Overseas Limited represents a significant step in its growth trajectory, potentially positioning the company as a leading player in its target sectors. The establishment of the Global In-house Centre, coupled with the acquisition of tradenames and the creation of a comprehensive business library, signals the company's commitment to innovation and global expansion.