Jonjua Overseas Limited has completed the sale of its proprietary 'Spent Coffee Grounds and Spent Coffee Grounds Ash Brick Process and Technology' to HSJONJUA INNOVATEAGRO PRIVATE LIMITED for ₹15.11 crores on January 27, 2025. The BSE SME-listed company disclosed this material related party transaction, which was conducted at arm's length on a going concern basis. The sale represents a permanent transfer of the trade secret technology, with the sale price determined according to a registered valuer's report.
The sold technology involves developing green bricks for the construction industry using spent coffee grounds and spent coffee grounds ash. This innovative process aims to reduce carbon footprint by replacing fine aggregate sand with spent coffee grounds and using spent coffee grounds as an additive in cement production. The technology enables production of green bricks that meet EU standards, positioning it as an environmentally sustainable solution for the construction sector.
The transaction holds substantial financial importance, representing 317% of Jonjua Overseas Limited's annual consolidated turnover for the immediately preceding financial year. The ₹15,11,90,025 sale value includes an initial bank payment with the balance structured on an unsecured loan basis, payable on demand. This significant transaction value underscores the strategic importance of the company's technology development capabilities.
This sale marks a historic milestone in the development of the company's Global Inhouse Centre (GIC), launched in 2025. The transaction aligns with Jonjua Overseas Limited's business model of developing and selling movable goods, including intangible assets, as outlined in Clause 46 of its Memorandum of Association. The company positions itself as a pioneer in developing latest technology, with this sale providing significant impetus to its ambition of operating as a merchant of knowledge.
The transaction was conducted pursuant to Resolution 14 of the Extraordinary General Meeting dated July 21, 2025, read with Resolution 8 of the Annual General Meeting dated September 27, 2025. The sale was disclosed under Regulation 30 of SEBI (Listing and Obligation and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance for this material related party transaction on an immediate execution basis.
