Split26 Oct 2026, 06:01 pm
JOJO Ltd Approves 5:1 Stock Split
AI Summary
JOJO Ltd's Board of Directors has approved a stock split, sub-dividing each equity share of face value ₹5 into 5 equity shares of face value ₹1. This corporate action aims to enhance market liquidity and encourage broader participation from retail investors. The alteration of the company's Memorandum of Association is also approved, pending shareholder consent via postal ballot. A record date will be announced later. The split is expected to be completed within two months.
Key Highlights
- JOJO Ltd approves a 5-for-1 stock split.
- Face value per share to reduce from ₹5 to ₹1.
- Objective is to increase share liquidity and investor participation.
- Shareholder approval required via postal ballot.
- Expected completion within two months post-approvals.
Price Impact
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