Declaration of Jonjua Air Limited is attached.
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Jonjua Air Limited, part of the promoter group of Jonjua Overseas Ltd, has sold 11,16,462 equity shares (4.60% of paid-up capital) on 5 January 2026 through an off-market transaction. Before the sale, the promoter group entity held 40,63,222 shares (16.76%); after the sale, its holding stands reduced to 29,46,740 shares (12.16%). The total equity share capital of the company remains unchanged at 2,42,46,753 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011 by Major Harjinder Singh Jonjua as Managing Director of Jonjua Air Limited.
This is a 4.60% stake sale by the promoter group via off-market route, which reduces the promoter group's holding in the company from 16.76% to 12.16%. Such a sizable off-market divestment by the promoter group may raise concerns among retail investors regarding promoter confidence and could lead to short-term negative sentiment, though no open-market selling pressure is created.