Penny Stock Under Rs 10 Plunge 12.7%: Zero-Debt Firm Sells Spent-Coffee-Ground Brick Tech to HSJONJUA InnovateAgro for Rs 15.11 Crore

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Penny Stock Under Rs 10 Plunge 12.7%: Zero-Debt Firm Sells Spent-Coffee-Ground Brick Tech to HSJONJUA InnovateAgro for Rs 15.11 Crore

The share of the company has a PE of 5x whereas the industry PE is 50x with a market cap of Rs 12 crore.

On Wednesday, shares of Jonjua Overseas Ltd plunged 12.70 per cent to Rs 4.40 per share from its previous closing of Rs 5.04 per share. The stock also hit a 52-week low of Rs 4.40 per share while its 52-week high is Rs 11 per share.

Jonjua Overseas Limited has achieved a major milestone by selling its "Spent Coffee Grounds and Spent Coffee Grounds Ash Brick" technology to HSJONJUA InnovateAgro Private Limited for ₹15.11 crore. This transaction, executed through the company's newly launched Global Inhouse Centre (GIC), represents a permanent transfer of trade secrets and intangible assets on a "going concern" basis. The deal is highly significant for the BSE SME-listed firm, representing 317% of its annual consolidated turnover from the preceding financial year.

The proprietary technology serves the green Construction industry by utilising spent coffee grounds and ash as a replacement for fine aggregate sand and as a cement additive. By producing "Green Bricks" that meet EU standards, the process actively reduces the carbon footprint of building materials. While Jonjua Overseas Limited acts as the pioneer and inventor of the knowledge, the buyer, HSJONJUA InnovateAgro, will take over the market development of these sustainable products.

This sale reflects the strategic vision of Founder Managing Director Major Harjinder Singh Jonjua (Retd.), a decorated veteran and engineer who has positioned the company as a "merchant of knowledge." Under the company’s Memorandum of Association, this move into the development and sale of intangible assets marks a historic shift toward high-value innovation. The transaction was conducted at arm’s length, with the valuation approved by the Audit Committee, Board of Directors, and Shareholders.

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About the Company

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 (H1FY26) and annual results (FY25). The share of the company has a PE of 5x whereas the industry PE is 50x with a market cap of Rs 12 crore.

Disclaimer: The article is for informational purposes only and not investment advice.