Jojo Ltd board of directors approved the allotment of 6,89,61,400 equity shares in a 1:1 ratio during its meeting on October 13, 2026. This corporate action doubles the company's issued and paid-up equity capital.

The allotment follows shareholder approval received at the Annual General Meeting held on September 29, 2026, and in-principle approval from the BSE dated October 5, 2026. Eligible shareholders are those whose names appeared in the Register of Members or Register of Beneficial Owners as on the record date, October 12, 2026.

Capital structure changes

The newly allotted shares have a face value of ₹5 each and rank pari passu with existing equity shares. Consequently, the company's paid-up capital increases from ₹34.48 crore to ₹68.96 crore. The total number of outstanding shares rises from 6.89 crore to 13.79 crore.

What the numbers show

The 1:1 bonus issue effectively halves the theoretical price per share while keeping the total market capitalization unchanged, assuming no immediate change in investor sentiment. The company’s equity base expands significantly without raising fresh cash, as the issuance is funded by capitalizing reserves or surplus rather than external inflows.

Jojo Limited has fixed October 12, 2026 as the record date for determining entitlement to its 1:1 bonus equity shares. The company announced this in a filing to BSE, confirming that shareholders on record as of this date will receive one fully paid-up equity share of face value ₹5 each for every one existing share held.

The bonus issue was previously approved by shareholders during the 30th Annual General Meeting held on September 29, 2026. The meeting, conducted via video conferencing, adopted audited financial statements for FY26 and authorized the capital alteration required for the bonus issuance. The new record date notification aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bonus Issue Details

The company clarified that the deemed date of allotment for the bonus shares will also be October 12, 2026, in accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024. The bonus shares will rank pari-passu in all respects with the existing equity shares.

AGM Proceedings Recap

The 30th AGM was chaired by Managing Director Dhravin Shah, commencing at 3:00 pm and concluding at 3:24 pm. Company Secretary Pushti Rajani confirmed the quorum. Key resolutions passed included the adoption of FY26 financials, re-appointment of Sagar Samir Shah as Executive Director, declaration of final dividend, increase in authorized share capital, and approval of the bonus shares.

Remote e-voting facilities were provided through National Securities Depository Limited (NSDL) from September 26 to September 28, 2026. The audit report for FY26 contained no qualifications, reservations, or adverse remarks. No shareholder queries were raised during the virtual assembly.