Penny Stock Under Rs 10: This Micro-Cap Company Announces DGCA Project Team Constitution For Air Operator Permit To Launch Air Taxi Operations In Remote Indian Regions
Promoter holding has increased by 21.2 per cent over last quarter.
JONJUA Overseas Limited, a company listed and traded on BSE SME has announced the constitution of a Project Team for the issuance of an Air Operator Permit (AOP) as per CAP3300 to Jonjua Air Limited. JONJUA Overseas Limited is acting as the Consultant for the launch of Air Taxi operations by Jonjua Air Limited. The company proudly states that it is a ZERO BANK DEBT COMPANY.
Jonjua Air Limited has received intimation from the Directorate General of Civil Aviation (DGCA) regarding the Constitution of the Project Team for the issuance of the Air Operator Permit as per CAP3300. Jonjua Air Limited is embarking on an ambitious Air Taxi Project with its base in Mohali, Punjab, with the aim to serve unserved and/or underserved remote and border areas of the country.
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Earlier, Jonjua Overseas Limited has acquired a strategic stake in HSJONJUA INNOVATEAGRO Private Limited – a Company recently incorporated by Major Harjinder Singh Jonjua (Retd.) and Mr. Harmanpreet Singh Jonjua (Directors of Jonjua Overseas Limited) in the sunrise Agro Industry for faster growth and transportation of Agricultural Produce and increase in its shelf life.
The shares of the company trading at Rs 8.55 per share with a market capitalisation of Rs 13.6 crore.
Based on the information provided, JONJUA Overseas Limited is currently acting as a consultant for its subsidiary, Jonjua Air Limited. Jonjua Air Limited is in the process of setting up an Air Taxi Project. The primary business objective of this project is to establish air connectivity to unserved and underserved remote and border regions of India, operating from their base in Mohali, Punjab. This suggests that the company is diversifying or expanding its operations into the air transportation sector, focusing on regional connectivity.
Disclaimer: The article is for informational purposes only and not investment advice.