Disclosure is attached.
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Jonjua Overseas Ltd has informed the stock exchange that a promoter group entity, Jonjua Air Limited, sold 4,43,696 shares (2.98% of the company's equity) in an off-market transaction on 24 February 2026. After this sale, Jonjua Air Limited's stake in Jonjua Overseas has reduced from 12.16% (29,46,740 shares) to 9.18% (25,03,044 shares). The disclosure has been filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The total equity share capital of the company remains unchanged at 2,72,77,597 shares of Rs. 10 each. Jonjua Overseas is listed on the BSE SME platform.
This is a notable reduction in promoter group holding, which may be viewed negatively by some investors as it signals reduced promoter skin-in-the-game. However, the post-sale stake of 9.18% still represents meaningful promoter interest, and off-market sales are often part of inter-group restructuring rather than a loss of confidence.