1:20 bonus share alert: Zero bank debt company announces free shares; Script trades below Rs 15 & low PE
DSIJ Intelligence-1 / 10 Jul 2025/ Categories: Bonus and Spilt Shares, Penny Stocks, Trending
The stock is up by 26.4 per cent from its 52-week low of Rs 8 per share with a PE of 10x whereas the industry PE is 30x.
On Thursday, shares of Jonjua Overseas Ltd gained 1.10 per cent to Rs 10.11 per share from its previous closing of Rs 10 with an intraday high of Rs 10.40 and an intraday low of Rs 10.11.
The company's Board has approved a significant increase in its Authorised Share Capital from Rs 24.95 crore to Rs 49.95 crore, requiring an amendment to its Memorandum of Association. Additionally, a 1:20 bonus share issue has been approved, which means one bonus equity share of Rs 10 will be issued for every twenty shares held. This will lead to the issuance of 11,54,607 new equity shares, raising the total share capital from Rs 23.09 crore to Rs 24.24 crore. The bonus issue, valued at Rs 1,15,46,070, will be funded from the company's free reserves, which totalled Rs 542.70 lakh as of March 31, 2025. The Board has set Monday, July 28, 2025, as the record date for the bonus issue, subject to shareholder and regulatory approvals. A committee has been formed to manage all matters related to the bonus issue, and the Board also approved an increase in the limit for related party transactions from Rs 20 crore to Rs 50 crore, which also requires shareholder endorsement.
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Additionally, Hsjonjua Aeroinfra Private Limited has completed its fully subscribed Rights Issue for FY 2025-2026, with promoters and promoter group companies, including Jonjua Air Limited and Jonjua Overseas Limited, receiving their allotted shares. The company, formerly JONJUA AGRO PRIVATE LIMITED, will provide aero infrastructure for Jonjua Air Limited's Air Taxi Project, connecting Mohali, Punjab, to remote regions. Jonjua Overseas Limited is consulting for the startup operations.
Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The company offers services such as export services, printing of books, agriculture, and domestic service sales. The company has a market cap of Rs 24 crore. According to the financials, the company reported positive numbers in its half-yearly results (H1FY25) and annual results (FY24).
The stock’s 52-week high is Rs 13.50 and its 52-week low of Rs 8. The stock is up by 26.4 per cent from its 52-week low of Rs 8 per share with a PE of 10x whereas the industry PE is 30x.
Disclaimer: The article is for informational purposes only and not investment advice.