Madhuveer Com 18 Network Ltd

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.

JOJO Ltd has issued a revised submission of its postal ballot voting results and the accompanying Scrutinizer's Report. The company identified an inadvertent clerical error where the last day for e-voting was incorrectly stated as April 22, 2026, instead of the correct date, May 22, 2026. The filing includes the corrected voting results for two special resolutions: one concerning a Material Related Party Transaction for business acquisition via slump sale, and the other for the re-appointment of an Independent Director. Both resolutions passed with overwhelming support, with promoters and promoter groups voting in favor, and public institutional and non-institutional investors also showing strong approval.

JOJO Ltd has announced that its Board of Directors will convene on June 10, 2026. The primary agenda item is to consider and approve the sub-division of the company's equity shares. Additionally, the board will discuss altering the Memorandum of Association's capital clause, subject to shareholder approval via postal ballot, and will approve related notices, event calendars, and the record date for the postal ballot. This move is a step towards potential corporate restructuring and enhancing shareholder value.

JOJO Ltd announced the resignation of Ms. Shruti Sharma from her position as Company Secretary and Compliance Officer, effective June 4, 2026. The resignation was accepted by the Board of Directors during a meeting held on the same date. Ms. Sharma cited personal reasons for her departure. The company has complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by submitting the necessary disclosures.

JOJO Ltd has announced a change in its official email ID, effective immediately. The old email ID, tohealpharmachem@gmail.com, has been replaced with info@jojolimited.com. This change has been communicated to shareholders, investors, regulatory authorities, and other stakeholders, who are requested to use the new email ID for all future correspondence. The company has updated its website and notified relevant statutory authorities.

JOJO Ltd announced its standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, in its meeting held on May 15, 2026, approved the results and recommended a final dividend of ₹0.05 per equity share of ₹10 each (0.5%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The results have been reviewed by the Audit Committee and audited by M/s Shah Sanghavi and Associates, Chartered Accountants, who issued an unmodified opinion.

The Board of Directors of JOJO Ltd approved a final dividend of ₹0.05 per equity share of ₹10 each (0.5%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The decision was made during the board meeting held on May 15, 2026, where the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026, were also approved.

JOJO Ltd confirms no deviation or variation in the utilization of proceeds from its preferential issue of convertible warrants, as per Regulation 32(1) of SEBI guidelines. The funds raised, totaling ₹1,00,00,000, were intended for the objects mentioned in the Extra Ordinary General Meeting held on September 4, 2024, for issuance of 1,00,00,000 convertible warrants at ₹40 each. The audit committee reviewed the statement, confirming no discrepancies in fund utilization.

JOJO Ltd's Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.05 per equity share (0.5%) of ₹10 each for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The results were reviewed by the Audit Committee and audited by M/s Shah Sanghavi and Associates, Chartered Accountants, who issued an unmodified opinion.

JOJO Ltd's Board of Directors approved the allotment of 90,00,000 fully paid-up equity shares of ₹10 each, upon conversion of warrants into equity shares on a preferential basis. The allotment was made for cash, with the company receiving ₹27,00,00,000. Consequent to the allotment, the paid-up equity capital increased from ₹25,48,07,000 to ₹34,48,07,000. All outstanding warrants have now been converted.