JOJO Ltd Approves 1:2 Equity Share Sub-division

JOJO Ltd's Board of Directors has approved a sub-division of its equity shares. The face value of each share will be reduced from Rs 10 to Rs 5, effectively splitting each existing share into two. This move is intended to enhance the liquidity of the company's shares and encourage greater participation from public shareholders. The company will also seek shareholder approval for this sub-division and consequential alteration of its Memorandum of Association through a postal ballot. The record date for the share split will be announced in due course, with the process expected to be completed within three months of board approval.