JoJo Limited has published its postal ballot notice in newspapers on June 24, 2026, to seek shareholder approval for the sub-division of equity shares from a face value of ₹10 to ₹5 each. The proposal, approved by the Board of Directors on June 10, 2026, aims to enhance liquidity and encourage wider retail participation. The advertisements appeared in Business Standard (English) and Jai Hind (Gujarati) in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The sub-division will adjust the company's authorised and issued share capital without changing the total value. The authorised share capital will increase from 3,80,00,000 equity shares of ₹10 each to 7,60,00,000 equity shares of ₹5 each. Similarly, the issued, subscribed, and paid-up capital will rise from 3,44,80,700 shares to 6,89,61,400 shares.

Voting Schedule and Process

The remote e-voting period commenced on June 24, 2026, at 09:00 A.M. (IST) and concludes on July 24, 2026, at 05:00 P.M. (IST). The cut-off date to determine shareholder entitlement is June 19, 2026. Mrs. Rupal Patel, a Practicing Company Secretary (FCS-6275), has been appointed as the Scrutinizer. The results of the postal ballot will be declared on or before July 27, 2026.

Resolutions for Approval

The notice includes two special resolutions: one for the sub-division of shares and another for the consequential alteration of the Capital Clause of the Memorandum of Association. The Board has recommended both resolutions. The record date for the sub-division will be fixed by the Board subsequent to shareholder approval.

Jojo Limited has closed its trading window for designated persons, including promoters, directors, and key managerial personnel, effective July 1, 2026. The restriction will remain in place until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is intended to prevent insider trading and ensure compliance with regulatory standards ahead of the financial announcement.

The closure applies to all insiders, designated persons, connected persons, and their immediate relatives. These individuals are prohibited from entering into any transaction involving the securities of the company during this period. The decision was taken pursuant to Clause 4(2) of Schedule B read with Regulation 9 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The company cited specific SEBI circulars, including SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated August 5, 2022, and SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 dated July 19, 2023, as the basis for this action. The move aligns with Jojo Limited's internal Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading in Securities by Designated Persons.

The specific date for the board meeting to consider and approve the unaudited financial results for the quarter ended June 30, 2026, has not yet been finalized. The company confirmed that this date will be announced in due course. The trading window closure ensures that no privileged information is used for trading until the financial results are made public.