Jonjua Overseas signs MoU for private rooftop helipad in Himachal Pradesh: Project details and stock performance

-Jonjua Overseas Limited has signed a Memorandum of Understanding (MoU) with Anjali Sharma to develop a private rooftop helipad near Rampur BSR in Himachal Pradesh. The agreement, dated August 11, 2026, covers the proposed development of a helipad on the roof of a seven-storey hotel being developed by Sharma near the National Highway. The company said the project is aimed at improving regional connectivity and could support tourism, emergency services and local economic activity. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed project is still at an early stage and its development and operation will depend on statutory, regulatory, aviation, safety and environmental approvals from the relevant authorities. Jonjua Overseas has formed a two-member team led by CMD Major Harjinder Singh Jonjua, Retd., and Director Harmanpreet Singh Jonjua to oversee the project. Major Harjinder Singh Jonjua has 48 years of experience in designing and developing helipads and STOLports in remote and border areas, according to the company disclosure. The stock has delivered mixed performance across different periods, falling 51.25% over one year and 60.84% over five years, while gaining 16.07% over one month.

Jonjua Overseas helipad project details

The MoU between Jonjua Overseas and Anjali Sharma relates to the development of a private rooftop helipad near Rampur BSR in Himachal Pradesh. The facility is planned on the roof of a seven-storey hotel project being developed by Sharma near the National Highway. The company said the project is intended to support connectivity in the Himalayan region, with potential use related to tourism and emergency services. However, the agreement does not by itself establish a completed project or confirmed revenue stream, as construction and subsequent operation remain subject to the required approvals.

Project detail	Information
Company	Jonjua Overseas Limited
Project	Private rooftop helipad
Location	Near Rampur BSR, Himachal Pradesh
Project partner	Anjali Sharma
Proposed location	Rooftop of a seven-storey hotel
Agreement	MoU
Agreement date	August 11, 2026
Regulatory disclosure	Regulation 30 of SEBI LODR
Status	Subject to statutory and aviation approvals

Leadership and project team

Jonjua Overseas has constituted a two-member team to oversee the proposed helipad development. Major Harjinder Singh Jonjua, the company's Chairman-cum-Managing Director, will be part of the team along with Director Harmanpreet Singh Jonjua. Major Harjinder Singh Jonjua holds B.Sc., MIE and C.Eng. qualifications and has 48 years of experience in designing and developing helipads and STOLports in remote and border areas, including locations in Jammu & Kashmir, Punjab, Assam, Mizoram and Tripura. The company also stated that he has authored books related to aviation and military engineering and holds a patent for a 750-metre STOLport design jointly filed with Harmanpreet Singh Jonjua.

Team member	Role	Experience / qualification
Major Harjinder Singh Jonjua, Retd.	CMD	48 years of helipad and STOLport design experience; B.Sc., MIE, C.Eng.
Harmanpreet Singh Jonjua	Director	CS, LLM; co-patent holder for STOLport design

Jonjua Overseas stock performance

Jonjua Overseas has recorded negative returns over the one-year and five-year periods based on the supplied stock performance data. The stock declined 4.88% on the latest reported day and fell 11.96% over six months. It has, however, gained 4% over five days and 16.07% over one month.

Period	Stock return
1 day	-4.88%
5 days	+4.00%
1 month	+16.07%
6 months	-11.96%
1 year	-51.25%
5 years	-60.84%

Aviation business focus

The proposed rooftop helipad adds to Jonjua Overseas' stated focus on aviation-related projects. The company identifies aviation ventures including GNS Airways SA in Cameroon and Jonjua Air Limited, an air taxi startup promoted by The Jonjua Group. The new MoU with Anjali Sharma extends this focus towards aviation infrastructure in Himachal Pradesh, where the proposed facility would be linked to a hotel development near the National Highway.

Approvals remain the main project factor

The proposed helipad cannot proceed to development and operation solely on the basis of the MoU. Jonjua Overseas has stated that the project is subject to approvals from competent authorities, covering statutory, regulatory, aviation, safety and environmental requirements. The timing of these approvals, construction progress and eventual operation will therefore determine how the project develops. The company has not provided financial projections or a confirmed revenue contribution from the project in the supplied information.

What investors should watch

Investors tracking Jonjua Overseas will need to follow the progress of the proposed helipad beyond the initial MoU. Regulatory approvals, construction activity and the eventual operating status of the facility will be important developments. The stock's recent performance also remains a factor to monitor, with the supplied data showing a 51.25% decline over one year and a 60.84% fall over five years despite the 16.07% gain over the past month.

Stock outlook

The MoU gives Jonjua Overseas a new aviation infrastructure project in Himachal Pradesh, but the agreement remains subject to multiple approvals before construction and operation can move forward. The company's aviation experience and the proposed location near Rampur BSR provide the basis for the project, while its financial impact cannot be assessed from the supplied information. Investors should therefore track regulatory approvals, project execution and future disclosures about investment, construction timelines or revenue contribution.