Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform that the Board of Directors of the Company at its meeting held today has considered and approved the following ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jonjua Overseas Limited's Board of Directors met on 1st May 2026 and approved submitting an Expression of Interest (EOI) in consortium with promoter entity M/s. Harjinder Singh Jonjua to participate in the insolvency resolution process of M/s Telephone Cables Limited — a joint sector company with Punjab State Industrial Development Corporation (PSIDC) as one of its promoters. The Board intends to leverage all available MSME benefits and concessions under this process. Major Harjinder Singh Jonjua Retd. (Chairman-cum-MD) will serve as the authorised representative, and Advocate Harmanpreet Singh Jonjua will handle legal matters for the consortium. The Board also reviewed day-to-day operations and expressed satisfaction with the company's progress. The meeting lasted from 16:30 to 18:28 hours.
This represents a strategic expansion move into a new sector (cables/telecom infrastructure) via the insolvency route. If the EOI is accepted and the acquisition proceeds, it could materially change the company's scale and revenue base. For shareholders, this is a positive diversification signal, though execution risk in the insolvency process remains.