Board Meeting7 Sept 2026, 09:35 am
Jonjua Overseas approves Bonus Shares & Tech Acquisition
AI Summary
Jonjua Overseas Ltd announced the outcome of its Board Meeting held on September 7, 2026. The board approved the allotment of 79,55,966 bonus equity shares in a 7:24 ratio, increasing the paid-up share capital to ₹35.23 Crores. Additionally, the company approved the acquisition of 'INNOVATIVE ECO-FRIENDLY TECHNOLOGY FOR VTOL/STOL HELIPADS AND AIRSTRIPS' for ₹19.13 Crores, which will be immediately put to use as an intangible asset. The board also reviewed the company's day-to-day affairs.
Key Highlights
- Approved allotment of 79,55,966 bonus equity shares.
- Bonus issue ratio is 7 shares for every 24 shares held.
- Acquired 'INNOVATIVE ECO-FRIENDLY TECHNOLOGY' for ₹19.13 Crores.
- Acquisition is for VTOL/STOL Helipads and Airstrips.
- Paid-up share capital increased post bonus share allotment.
Price Impact
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