JoJo Limited scheduled a board meeting for October 26, 2026, to consider the sub-division of its equity shares. The proposal involves reducing the face value from ₹5 per share to ₹1 per share, subject to shareholder approval via postal ballot.

The meeting, held at the company's registered office, will also address the alteration of the Capital Clause in the Memorandum of Association. This structural change is contingent upon obtaining necessary approvals from shareholders through the proposed postal ballot process.

Board agenda and procedural steps

The Board of Directors will review several key items related to the corporate action:

• Approval of the draft notice to be sent to shareholders and the calendar of events for the postal ballot.
• Determination of the record date to identify eligible members entitled to cast their votes.
• Any other business with the permission of the Chairman.

This intimation was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, formerly known as Madhuveer Com 18 Network Limited, confirmed the schedule through its Company Secretary, Pushti Rajani.

Jojo Limited (formerly Madhuveer Com 18 Network Limited) has approved a proposal to incorporate a private company in the Dubai International Financial Centre (DIFC). The proposed entity is initially named "Jojo Holdings Ltd." or another name approved by the DIFC Registrar of Companies.

Board authorisation and next steps

The Board of Directors authorised Dhruvin Shah to propose or agree to any change in the name of the proposed company prior to its incorporation. He is also empowered to undertake necessary actions and execute requisite documents, including the Articles of Association, in connection with the incorporation in the DIFC.

The incorporation is presently at the proposal and documentation stage. The company stated that further details, including the final name, shareholding structure, capital contribution, objects, and date of incorporation, will be disclosed upon confirmation of relevant particulars.

Regulatory disclosure details

Jojo Limited informed the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will make further disclosures to the stock exchange as and when the relevant particulars are finalised and applicable disclosure requirements are triggered.

The authorised signatory arrangements and other incorporation formalities will be completed in accordance with applicable laws and the requirements of the DIFC Registrar of Companies.