Bonus shares allotted in 1:1 ratio, share count doubles to 13.79 crore
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 0.9 pts more than its Film Production, Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JOJO Limited (formerly Madhuveer Com 18 Network) has allotted 6.89 crore bonus equity shares in a 1:1 ratio, meaning one new share for every one share held. Face value is Rs. 5 each. Post-allotment, paid-up share capital rises to 13.79 crore shares. Record date was October 12, 2026. The new shares rank equally with existing equity and qualify for future dividends and corporate benefits.
Share count doubles for existing holders; share price adjusts downward proportionally. No cash outflow for the company, but EPS per share will dilute.