Revised press release is attached. It is self explanatory.
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Jonjua Overseas Limited has filed a revised press release providing additional details on an agreement signed on September 29, 2025 with Jonjua Air Limited, a promoter group company. Under this agreement, Jonjua Overseas' Global In-house Centre (GIC) will provide aviation-sector knowledge services to Jonjua Air, including crew planning, pricing optimization, route planning, marketing, and loyalty program management, supporting the launch of Air Charter and Air Ambulance services from Chandigarh International Airport, Mohali. The transaction was pre-approved by shareholders via Resolution No. 8 at the AGM on September 27, 2025, and is structured as an arms-length, domestic related-party transaction for an initial one-year period, extendable as needed. The two companies share common directors — Major Harjinder Singh Jonjua (MD of both), along with Maninder Kaur Jonjua and Harmanpreet Singh Jonjua. Jonjua Air had previously bid on 6 routes under UDAN 5.1, and the Himalayan Panorama Program tested the business model with shareholder participation.
This related-party agreement formalizes revenue potential for Jonjua Overseas through its GIC in the aviation advisory space, but since Jonjua Air is also a promoter group entity with overlapping directors, investors should monitor the actual billing quantum and fairness of terms. The deal is small and exploratory in nature; no immediate material share-price catalyst is expected.