Jonjua Overseas Ltd — Updates, 15-05-2025: Company Update

Jonjua Overseas Limited has announced a preferential allotment of shares resulting in an increase in promoter and promoter group stake from 37.49% to 40.73% of the total equity. Major Harjinder Singh Jonjua, Harmanpreet Singh Jonjua, and Jonjua Air Limited acquired a combined total of 34.62 lakh shares, enhancing their voting rights and control. This capital infusion expands the company's equity base to 2.31 crore shares of Rs.10 each, potentially supporting future growth or operational needs, and signaling promoter confidence in the business.