Jojo Limited approved the sub-division of its equity shares from a face value of ₹10 to ₹5 each to enhance liquidity and increase investor participation. The decision was taken during its board meeting on June 10, 2026. The split will convert every one existing fully paid-up share of ₹10 into two fully paid-up shares of ₹5, subject to shareholder approval. The company expects to complete the process within three months from the date of board approval, pending necessary clearances.

Share Capital Structure

The sub-division impacts the company's equity capital structure without altering the total monetary value. The authorised share capital will increase to 7,60,00,000 equity shares of ₹5 each, maintaining the total value at ₹38,00,00,000. Similarly, the paid-up and subscribed share capital will rise to 6,89,61,400 equity shares of ₹5 each.

Corporate Approvals and Process

The board also approved the consequential alteration of the capital clause of the Memorandum of Association, specifically Clause V, which is subject to shareholder approval. PCS Rupal Patel was appointed as the scrutinizer for the process. The record date to determine member eligibility for the stock sub-division will be announced in due course. The filing was made to BSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

JOJO Ltd shareholders have approved a material related party transaction for the acquisition of a business on a slump sale basis and the re-appointment of an independent director. The resolutions were passed via a remote e-voting postal ballot process that concluded on May 22, 2026. A total of 9,348,906 votes were cast in favour of the resolutions, with 1 vote against each.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting period commenced on April 22, 2026, at 09.00 A.M. IST and concluded on May 22, 2026, at 05.00 P.M. IST. The record date for determining eligibility was April 17, 2026.

Mrs. Rupal Patel, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the voting process. The report confirmed that the notice was dispatched electronically to eligible members, and physical copies were not sent in accordance with relevant MCA Circulars. The e-voting services were provided by National Securities Depository Limited (NSDL).

Voting Results

The first resolution sought approval for the Material Related Party Transaction – Acquisition Of Business On Slump Sale Basis. The second resolution concerned the re-appointment of Mr. Dipankar Bhuvneshwar Mahto (DIN: 08730286) as an Independent Director of the company for 3 years.

The Promoter and Promoter Group held 9,227,846 shares and cast all votes in favour of both resolutions. Public-Non-Institutions held 121,061 shares, with 121,060 votes in favour and 1 vote against each resolution. The scrutinizer confirmed that the votes cast in favour exceeded the requisite majority, deeming the resolutions passed.