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This Small Cap Consultancy Services Entity Approves Bonus Share Issuance In 4:23 Ratio
The board meeting of Jonjua Overseas was lined up today i.e. August 31, 2022 to consider bonus share issue and also for AGM.
Likewise, through an exchange filing, the company has informed of the outcome of the board meeting.
In the filing with the exchanges, the consultancy services entity said, "Board Approved as follows: i) AGM will be held on Saturday 24th day of September, 2022 at 02:00 P.M at the corporate office of the Company. ii) Books of the Company shall remain closed from 17/09/2022 to 24/09/2022. iii) The Board has approved and recommended the issuance of fully paid bonus shares in the ratio of 4:23 (4 fully paid up equity share as bonus for every 23 fully paid up equity shares held by the shareholder). iv) Board approved the increase in Authorised Share Capital of the Company. v) Board confirmed resolutions to be placed in the AGM pertaining to Directors. vii) Board approved the Additions/Amendments/Revisions in AOA and MOA of the Company.
So, accordingly, bonus shares shall be issued in the proportion of 4:23 i.e. 4 new equity shares of the company for every 23 shares held by the investor.
The company for the last 3 years i.e. since 2019 and last in 2021 it announced bonus share issue in the ratio of 5:37.
Jonjua Overseas Limited was incorporated in the State of Punjab, India on February 16,1993. The company offers individuals and businesses seeking to achieve the following objectives or needs that include Overseas Business Setup, global business expansion.Export and/or Import, Marketing Tie-ups, Finance and IPO. Website Development, Hybrid Seeds. Farm Produce, Printed Books Domestic and International Air Charters (both Passengers and Cargo) and Legal and Account Outsourcing Solutions.
As per the company's official website, Jonjua Overseas is listed and traded on BSE SME from 2019.
The company's share is a penny scrip and last traded at a price of Rs. 10.75, locked in 5% upper circuit ahead of the company's board meet. The scrip's 52-week low and high are Rs. 8.51 and Rs. 20.66 per share, respectively.
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