Madhuveer com 18 network Limited conducted its mandatory independent directors meeting on March 16, 2026, at the company's registered office in Ahmedabad. The meeting was held in compliance with regulatory requirements under the Securities and Exchange Board of India (LODR) Regulations, 2015.

Meeting Details and Regulatory Compliance

The independent directors meeting was conducted pursuant to Regulation 25(3) of the SEBI (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. This separate meeting of independent directors is a mandatory requirement for listed companies as part of their governance framework for Financial Year 2025-26.

Key Agenda Items Reviewed

The independent directors present at the meeting transacted several important governance matters as part of their oversight responsibilities. The meeting agenda covered comprehensive performance reviews and assessment of information flow within the organization.

The directors undertook the following key activities:

• Reviewed the performance of non-independent directors and the board of directors as a whole
• Assessed the performance of the chairperson, considering views from both executive and non-executive directors
• Evaluated the quality, quantity, and timeliness of information flow between management and the board of directors

Governance Framework Assessment

The meeting focused on ensuring that the board of directors can effectively and reasonably perform their duties through adequate information flow from management. This assessment is crucial for maintaining corporate governance standards and ensuring that independent directors have access to necessary information for informed decision-making.

Regulatory Notification

The company has duly informed BSE Limited about the outcome of the independent directors meeting under Regulation 30 of the SEBI (LODR) Regulations, 2015. The notification was signed by Raj Shah, Director (DIN: 10001859), ensuring compliance with disclosure requirements for listed entities.

Madhuveer com 18 network Limited has successfully concluded its postal ballot process through remote e-voting, with shareholders approving two significant corporate restructuring proposals. The voting process, which ended on March 07, 2026, demonstrated strong shareholder support for the company's strategic initiatives.

Postal Ballot Overview

The remote e-voting process was conducted from February 05, 2026 at 09:00 A.M. to March 07, 2026 at 05:00 P.M. Mrs. Rupal Patel, a practicing company secretary, served as the scrutinizer for the postal ballot process. The company had 1548 total shareholders on the record date of January 30, 2026.

Resolution Results

Both special resolutions presented to shareholders received overwhelming approval with identical voting patterns. The voting results demonstrate strong alignment between promoter and public shareholder interests.

Resolution 1: Authorized Share Capital Increase

The first resolution to increase the authorized share capital and consequent alteration of the Memorandum of Association was approved with substantial support.

Resolution 2: Company Name Change

The second resolution to change the company name from "Madhuveer Com 18 Network Limited" to "JOJO Limited" and consequent amendment in the Memorandum of Association received identical voting support.

Scrutinizer's Findings

Mrs. Rupal Patel confirmed that all procedural requirements were met during the postal ballot process. The scrutinizer's report noted that the postal ballot notice was dispatched on February 03, 2026, and advertisements were published in newspapers on February 05, 2026. The e-voting services were provided by National Securities Depository Limited (NSDL).

The scrutinizer verified that votes cast by company members in favor of both resolutions exceeded the requisite majority, deeming both resolutions as passed. All electronic data and relevant records relating to remote e-voting have been handed over to the company secretary for safe keeping.

Corporate Governance Compliance

The postal ballot was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, along with applicable rules and SEBI regulations. The process followed Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements.

The company's managing director, Raj Shah (DIN: 10001859), signed the voting results communication to BSE Limited, confirming the completion of the postal ballot process and requesting the exchange to take the results on record.