JOJO Ltd shareholders approve 1:2 share split from ₹10 to ₹5
JOJO Limited secured shareholder approval for its proposed 1:2 equity share split, reducing the face value from ₹10 to ₹5. The ordinary resolution passed with near-unanimous support, garnering over 11.7 million votes in favor during the remote e-voting process concluded on July 24, 2026. A special resolution to alter the Memorandum of Association was also passed. The company has designated August 7, 2026, as the record date for the split, aiming to improve liquidity and retail accessibility.
*this image is generated using AI for illustrative purposes only.
JOJO Limited shareholders have approved the sub-division of its equity shares, splitting each ₹10 face value share into two ₹5 shares. The ordinary resolution passed with overwhelming support, receiving 11,759,934 votes in favor and only one vote against. This corporate action aims to enhance liquidity and accessibility for retail investors by lowering the per-share trading price without altering the company’s total market capitalization or individual ownership stakes.
The voting process concluded on July 24, 2026, following a remote e-voting period that began on June 24, 2026. JOJO Limited submitted the voting results and the scrutinizer’s report to BSE Limited on July 25, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fixed August 7, 2026, as the record date to determine shareholder eligibility for the split.
Voting Results Breakdown
The postal ballot was conducted through remote e-voting facilitated by National Securities Depository Limited (NSDL). A total of 16,280 shareholders were on record as of June 19, 2026. Of these, 17 shareholders participated in the voting for the share split resolution.
| Category | Mode | Votes Polled | In Favor | Against |
|---|---|---|---|---|
| Promoter Group | E-Voting | 9,227,846 | 9,227,846 | 0 |
| Public Non-Institutions | E-Voting | 2,532,089 | 2,532,088 | 1 |
| Total | 11,759,935 | 11,759,934 | 1 |
Promoter entities held 17,274,086 shares and cast all their polled votes in favor of the resolution. Public non-institutional shareholders also supported the measure, with 99.99% of their polled votes in favor.
Concurrent Resolution on Capital Clause
Alongside the share split, shareholders voted on a special resolution to alter the capital clause of the Memorandum of Association. This resolution received 11,747,961 votes in favor and 11,974 votes against. The alteration is necessary to reflect the new share structure post-split. Practicing Company Secretary Rupal Patel served as the scrutinizer for both resolutions, confirming that the requisite majority was achieved under the Companies Act, 2013.
Implementation Details
Shareholders holding securities in physical form are advised to update their details with the registrar and transfer agent before the August 7, 2026, record date to ensure accurate allotment. Demat account holders will receive the additional shares automatically through their depositories. The split does not change the proportional ownership of any shareholder but increases the total number of outstanding shares, potentially boosting trading volume and market participation.
Historical Stock Returns for JOJO
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.93% | +20.68% | +19.23% | -3.05% | +25.56% | +9,630.77% |
How might the increased liquidity from the share split impact JOJO Limited's trading volume and bid-ask spreads in the immediate weeks following the August 7 record date?
Will the lower per-share price significantly alter the demographic of retail investors participating in JOJO Limited, and could this lead to higher volatility?
Are there any pending regulatory approvals or administrative steps required by BSE or NSDL before the split shares are officially tradable on the exchange?
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