Jonjua Overseas Limited has announced the acquisition of a strategic stake in HSJONJUA INNOVATEAGRO Private Limited, marking its entry into the rapidly growing agro-tech sector. The move was disclosed in a regulatory filing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
HSJONJUA INNOVATEAGRO, a recently incorporated company, has been founded by Major Harjinder Singh Jonjua (Retd.) and Mr. Harmanpreet Singh Jonjua, both of whom also serve as Directors at Jonjua Overseas Limited.
The acquisition aligns with Jonjua Overseas' strategic vision to tap into the sunrise agro industry, focusing on technologies that enhance the speed of agricultural produce transportation and extend shelf life, thereby contributing to food security and efficiency in agri-supply chains.
This investment underscores Jonjua Overseas’ commitment to innovation-driven growth and diversification into high-potential sectors.