JoJo Limited (formerly known as Madhuveer Com 18 Network Limited) has notified the stock exchange of an upcoming Board of Directors meeting scheduled for Friday, May 15, 2026, at the company's registered office. The intimation was filed on May 8, 2026, pursuant to Regulation 29 read with other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to consider and approve key financial and corporate matters pertaining to the concluded financial year. The following items are on the agenda:

Regulatory Compliance

The board meeting intimation has been submitted in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited financial results will be considered alongside the Auditor's Report and Certificate for unmodified opinion, as required under Regulation 33 of the same regulations. The intimation was digitally signed by Pushti Rajani, Company Secretary (Membership Number: A78352), on behalf of JoJo Limited.

JoJo Limited (formerly known as Madhuveer Com 18 Network Limited) has allotted 90,00,000 fully paid-up equity shares of face value Rs.10/- each upon conversion of warrants into equity shares on a preferential basis. The Board of Directors approved this allotment at its meeting held on May 07, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Allotment Details and Issue Price

The allotment was made for cash upon receipt of the remaining exercise price of Rs.30/- per share warrant, representing 75% of the total warrant exercise price of Rs.40/- per warrant. The aggregate amount received on account of this balance exercise price totals Rs.27,00,00,000/- (Rupees Twenty-Seven Crore Only). The equity shares allotted rank pari passu with the existing equity shares of the company in all respects. The warrants were originally allotted on November 07, 2024, with an initial payment of Rs.10/- per warrant (25% of the issue price) collected at the time of allotment.

The following table summarises the allotment across eight allottees from the Promoter Group and Public Category:

Impact on Paid-Up Capital

Consequent to the aforesaid allotment, the paid-up equity capital of the company has increased as detailed below:

Warrant Reconciliation

With this allotment, all warrants originally issued on November 07, 2024, have been fully converted. The reconciliation of the outstanding warrants is as follows:

All warrants outstanding for conversion have been converted on May 07, 2026, leaving no outstanding warrants for conversion.

Pre and Post-Allotment Shareholding

The table below presents the pre- and post-issue shareholding of each allottee following the preferential allotment:

The allotment was made under the provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws, on a private placement basis. The Board Meeting commenced at 5.30 p.m. and concluded at 6.45 p.m. on May 07, 2026.