1:20 Bonus Shares After 2 Years By Penny Stock: Is It A Buy Before Record Date On 28 July? Target Rs 8.45

Jonjua Overseas Limited is listed on the BSE SME. Following the Board of Directors' announcement of the record date for 1:20 bonus shares, the consulting services company closed Monday's trading session 5.46% higher at Rs 11.97 per share. The Board authorized 11,54,607 equity shares worth Rs. 10 apiece as 1:20 bonus shares to equity shareholders during a meeting on June 26.

Jonjua Overseas Bonus Shares Record Date

"We wish to further inform that, pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, the Company has fixed the "Record Date" as Monday, 28-July-2025 Monday (T- Day) for the purpose of ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares. Further, the Company undertakes to submit the requisite documents to the Depository for credit of the Bonus Equity Shares in the Depository System latest by Tuesday, July 29th, 2025 (deemed date of allotment) 12:00 p.m. and will ensure that the fully paid up Bonus Equity Shares will be made available for trading on the next working date from the deemed date of allotment, i.e., Wednesday, July 30th, 2025 in accordance with SEBI," said Jonjua Overseas in a stock exchange filing on 13th July.

Jonjua Overseas Bonus Issue History

Since October 2019, Jonjua Overseas Limited (BSE: 542446) has announced five distinct bonus issues, demonstrating its track record of issuing bonus shares. According to BSE statistics, the first of these, in October 2019, was at a ratio of 1:25. This was followed by a 1:43 issue in July 2020, a 5:37 issue in July 2021, and a 4:23 issue in October 2022. According to BSE statistics, the most recent completion of bonus issue was announced on September 5, 2023, with an ex-bonus (record) date of October 10, 2023, at a ratio of 9:50.

Additionally, the board authorized a fresh 1:20 bonus issue in June 2025, following a two-year gap. After the board meeting on July 9, 2025, the firm decided to set July 28, 2025, the record date for the same purpose. It is planned that about 11,54,607 equity shares worth Rs 10 apiece will be involved as a part of the bonus shares issuance by Jonjua Overseas.

Jonjua Overseas Share Price Target

"Jonjua Overseas stock price is bullish but also overbought on the Daily charts with next resistance at 12.9. Investors should be booking profits at current levels as a Daily close below support of 11.5 could lead to a target of 8.45 in the near term," commented A R Ramachandran, independent research analyst.

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