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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhuveer Com 18 Network Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting (from February 5, 2026 to March 7, 2026) for two special resolutions. The first resolution proposes increasing the authorized share capital from Rs. 36 crore to Rs. 38 crore by adding 20 lakh equity shares of Rs. 10 face value, primarily to facilitate a proposed preferential issue and future funding needs. The second resolution seeks approval to change the company's name from 'Madhuveer Com 18 Network Limited' to 'JOJO Limited' to align with its flagship Gujarati digital content app 'JOJO', which has gained strong user traction. The Registrar of Companies has already approved availability of the new name. Total company revenue for January to December 2025 stood at Rs. 433.49 lakhs, entirely from existing business activity. The name change will not affect shareholder rights, and existing share certificates will remain valid.
If approved, the capital increase paves the way for a potential preferential issue, which may dilute existing shareholders depending on the issue price. The rebranding to JOJO Limited reflects a strategic pivot toward digital content and could enhance brand recall. Shareholders must cast their e-vote before March 7, 2026 to participate in the decision.