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Shares of Jonjua Overseas climbed nearly 5% on Thursday, 3 September, as investors focused on the company’s upcoming 7:24 bonus share issue. The company has set 4 September 2026, as the record date for determining shareholders eligible to receive the bonus shares. According to an exchange filing dated 24 August, the record date is subject to the receipt of necessary regulatory approvals, including in-principle approval from the BSE. The company has proposed 7 September 2026, as the deemed date of allotment, with the bonus shares scheduled to be available for trading from 8 September, subject to the required approvals. The company will issue 79,55,966 fully paid-up bonus equity shares under the proposed 7:24 bonus issue. Jonjua Overseas said it plans to submit the necessary documents to the depository for crediting the bonus shares by 12 noon on 7 September, the deemed date of allotment. The shares are expected to be admitted to trading on September 8, 2026, in accordance with applicable SEBI regulations and circulars. However, the company has clarified that the proposed timeline remains subject to regulatory approvals, including approval from the BSE. Under the 7:24 bonus issue, eligible shareholders will receive 7 additional shares for every 24 shares held as of the record date. For instance, an investor holding 240 shares would be entitled to receive 70 bonus shares, taking the total holding to 310 shares after the bonus allotment. While a bonus issue increases the number of shares held by an investor, it does not by itself increase the overall value of the investment. The market price is generally adjusted downward in proportion to the additional shares issued. Jonjua Overseas Limited reported total income from operations of ₹443.12 lakh for the quarter ended 30 June 2026, while profit before exceptional items and tax stood at ₹114.63 lakh. Net profit for the quarter was ₹123.70 lakh. Recently, the company entered into a Memorandum of Understanding (MoU) with entrepreneur Anjali Sharma to cooperate and facilitate the development of a private rooftop helipad near the National Highway in Rampur BSR, Himachal Pradesh. The proposed project aims to improve connectivity in the remote Himalayan region and support tourism, emergency services and economic activities. The helipad project will be subject to all necessary statutory, aviation, safety, environmental and local authority approvals. Jonjua Overseas share price today opened at ₹4.68 apiece on the BSE, the stock touched an intraday high of ₹4.73 per share, and an intraday low of ₹4.60 apiece. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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