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.

Jojo Limited has accepted the resignation of Ms. Shruti Sharma from the post of Company Secretary and Compliance Officer, effective June 04, 2026. The resignation was approved during the Board meeting held on Thursday, June 04, 2026. The departure impacts the company's compliance and secretarial functions immediately.

The Board meeting, which commenced at 05:30 p.m. and concluded at 06:40 p.m., approved the resignation citing personal reasons as the cause for the change. The disclosure was submitted in compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change

The following table outlines the key details regarding the change in the company's key managerial personnel:

The communication to the exchange was signed by Director Raj Shah, bearing DIN: 10001859. Jojo Limited, formerly known as Madhuveer Com 18 Network Limited, operates with the scrip code 531910 on the BSE.