Jonjua Overseas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/06/2025 ,inter alia, to consider and approve 1. To consider increase in ....
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.4 pts less than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jonjua Overseas Ltd has informed BSE that its Board of Directors will meet on 26th June 2025 at 4:00 pm. The Board will consider increasing the authorized share capital and amending the memorandum of association accordingly. It will also consider the issue of bonus shares to shareholders. Additionally, the Board will discuss modifying the limit for related party transactions and finalize the venue, date, and notice for a shareholder meeting. The trading symbol is JONJUA (Scrip Code: 542446).
If approved, the bonus issue and increase in authorized capital could dilute existing shareholding ratios and may be viewed as a positive signal of shareholder reward, though the specific ratio is not disclosed yet. Investors should await the board meeting outcome on 26th June for clarity.