Jonjua Overseas Ltd, a consulting services company, will be in focus on July 28 as its stock price will turn ex-date for a 1:20 bonus issue. Jonjua will see demand on Monday; however, whether it leans towards a bearish or bullish trend will be keenly watched. This penny stock is under the Rs 10 category. Also, the company announced major acquisitions.
Jonjua Overseas Ltd Share Price:
Jonjua Overseas share price closed at Rs 9.53 apiece on July 25, on the BSE, with a market cap of Rs 22.01 crore. Overall, after the closing bell, the stock was down by 12.65%.
During the trading week from July 21 to July 25, the stock dropped by nearly 14% on the BSE. The stock's 52-week high and low are at Rs 13.50 apiece and Rs 8 apiece, respectively.
Jonjua Overseas Bonus Issue:
Jonjua will turn ex-bonus for a 1:20 bonus issue ratio.
How many shares will investors get for free? As per the ratio, eligible investors will get 1 free share on their existing 20 equity shares.
Jonjua has fixed the Record Date for Bonus Issue as Monday, 28th July 2025, subject to approval of Bonus Issue by shareholders and receiving other necessary regulatory approvals.
Jonjua Overseas Bonus Issue Allotment:
After the ex-bonus date, the company has declared that a meeting of the Board of Directors will be held on Tuesday, 29th July, 2025, at 09:00 AM to consider the following matters:
- To Allot the Bonus Equity Shares.
- Reviewing day-to-day affairs of the company and any other matter with the permission of the Managing Director.
Hence, how many bonus shares will be allotted will be known on July 29.
Jonjua Overseas Acquisition:
Jonjua is going to acquire the Major HS Jonjua Trade name from Harjinder Singh Jonjua. As per the regulatory filing, the present investment would help Jonjua Overseas Limited to expand business globally as well as increase trust inspired by the tradename.
The consideration for the investment is Rs. 3,453.21 lakhs. Amount payable is on an unsecured loan basis, payable on demand, and any part of the amount due may be adjusted against the share.
Jonjua said, the trade name came into existence in the early 1990s. In 1993, Harjinder Singh Jonjua acquired this trade name from Jonjua Share Shoppee Private Limited. With this acquisition, it is expected to enable the Company to strengthen its brand portfolio and enter or deepen its reach into new markets globally.
About Jonjua Overseas Ltd:
Jonjua Overseas Limited is Listed and Traded on the BSE SME from 25 February 2019. Incorporated in 1993, it is a KPO serving the global outsourcing market.
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