Jonjua Overseas approves 7:24 bonus; capitalizes ₹7.96 cr

Jonjua Overseas, a ₹9 cr nano-cap IT firm with trailing sales of ₹16 cr and net profit of ₹6 cr, has approved a 7:24 bonus issue, seven new shares for every twenty-four held. It will capitalize ₹7.96 cr from free reserves, an amount nearly equal to its entire market cap. The move lifts paid-up capital from ₹27.28 cr to ₹35.23 cr, a 29% expansion in outstanding shares. The board also appointed APT & Co LLP as statutory auditors and scheduled the 34th AGM for 21 August 2026. While the bonus is subject to shareholder and regulatory clearance, the decision signals management's intent to reward shareholders and could narrow the discount between market price and book value. Yet this is a company that recently entered the IBC fray for Soni Soya, a bold bet for a ₹9 cr firm. The bonus may attract retail attention, but the scale of the capitalization relative to market cap makes it an unusually aggressive move.