EGM Intimation is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jonjua Overseas board, at its meeting on 20 February 2026, approved subscribing to the rights issue of HSJONJUA INNOVATEAGRO Private Limited, a related-party company in the agriculture and innovation sector where the promoter group already holds a stake. The subscription will be a cash deal, expected to complete by 31 March 2026, and is being done at arm's length. An Extra-Ordinary General Meeting (EGM) has been called for 18 March 2026 at 04:30 PM in Mohali, with a record (cut-off) date of 6 March 2026 and e-voting from 15 to 17 March 2026. The board also approved appointing Major Harjinder Singh Jonjua (current Managing Director) as Chairman-cum-Managing Director and re-appointing Mr. Narinder Pal Singh as Independent Director, both subject to shareholder approval at the EGM. Additionally, valuation reports dated 30 June 2025 and 22 January 2026 were approved to be placed before shareholders.
Shareholders will be asked to vote on deploying company funds into a promoter-linked entity and on consolidating leadership under the existing Managing Director. Retail investors should watch the EGM outcome and assess the rights issue valuation before approving the related-party cash outflow.