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.

Madhuveer Com 18 Network Limited completed its regulatory compliance by publishing Q3FY26 unaudited financial results in newspapers pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had earlier announced these results following a Board meeting on February 14, 2026, which also witnessed significant board composition changes.

Newspaper Publication Compliance

On February 16, 2026, the company formally notified BSE Limited about the publication of its standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. The results were published in two newspapers to ensure wider dissemination among stakeholders.

Financial Performance Highlights

The published financial results revealed strong performance across both standalone and consolidated operations during the third quarter. The consolidated results encompass performance from five subsidiary entities, providing comprehensive operational insights.

Board Meeting Outcomes

The Board of Directors meeting held on February 14, 2026, at the registered office addressed key corporate developments. The meeting resulted in approval of quarterly financial results and significant board composition changes pursuant to Regulation 30 and 33 of SEBI regulations.

Independent Director Resignation

The Board took note of Mrs. Manorama Jitendra Shah's (DIN: 07108562) resignation from her position as Independent Director with immediate effect due to personal reasons and pre-occupation. Consequently, she ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Subsidiary Companies

The consolidated financial results include performance from five subsidiary entities: Sakshi Barter Private Limited, Navkar Events Private Limited, JOJO Studios Private Limited, Premier Adsworld Private Limited, and JOJO Inc.

Regulatory Compliance

Shah Sanghvi & Associates, Chartered Accountants (Firm Registration No. 140107W), conducted the limited review of both standalone and consolidated unaudited financial results. The auditors confirmed compliance with Indian Accounting Standards (Ind AS) 34 on Interim Financial Reporting and SEBI disclosure requirements. The company has ensured full compliance with statutory requirements, including appropriate filings with the Registrar of Companies and Stock Exchanges as mandated under the Companies Act, 2013, and SEBI (LODR) Regulations.