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Board allotted 79,55,966 bonus shares in a 7:24 ratio and approved acquisition of helipad/airstrip technology from CMD Harjinder Singh Jonjua for Rs 19.1 Cr. The related-party intangible acquisition equals 87% of prior-year consolidated turnover and is intended to support planned airstrip/helipad development. Consideration is payable on demand to the CMD or heirs and may be settled through shares; valuation report attached, but commercial returns and payment timing are undisclosed.
Jonjua Overseas Board Approves 7:24 Bonus Issue And Auditor Appointment
Jonjua Overseas To Consider Bonus Share Issue At July 28 Board Meet