Disclosure is attached.
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Awaiting price reaction for this filing.
Promoters of Jonjua Overseas Ltd (Harjinder Singh Jonjua, Harmanpreet Singh Jonjua, and Jonjua Air Limited) acquired additional shares through a preferential allotment dated 15-03-2025, with NSDL credit intimation received on 13-05-2025. A total of 34,61,536 shares (3.24% of share capital) were allotted to the promoter group. This raised their combined holding from 37.49% to 40.73% of the company's equity. The company's total equity share capital increased from 1,58,50,678 shares to 2,30,92,146 shares of Rs. 10 each as a result of this preferential issue. Individual post-allotment holdings stand at 20.39% (Harjinder Singh Jonjua), 16.76% (Jonjua Air Limited), and 3.58% (Harmanpreet Singh Jonjua). The disclosure is being filed under SEBI takeover regulations to report the change in promoter shareholding.
This is a positive promoter confidence signal — the promoter group is investing more capital into the company via preferential issue, reinforcing their commitment. However, it also dilutes non-promoter shareholders' proportional stake since the share base expanded by about 45%. The disclosure itself is a routine regulatory filing, so no major price-moving surprise is expected from this announcement alone.