JOJO Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/06/2026 ,inter alia, to consider and approve Sub-division of Equity Shares of the Company
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JOJO Limited (formerly Madhuveer Com 18 Network Limited) has informed BSE that its Board of Directors will meet on Wednesday, 10 June 2026 to consider and approve a sub-division (split) of equity shares. The Board will also consider altering the Capital Clause of the Memorandum of Association, draft a postal ballot notice, and fix a record date to determine shareholder eligibility for voting on the proposal. Shareholder approval will be sought via postal ballot. The current face value and split ratio have not been disclosed in this intimation and will likely be revealed at or after the Board meeting.
A stock split increases the number of outstanding shares and reduces the per-share price, making the stock more affordable for retail investors. This typically improves liquidity and may attract broader participation, though it does not change the company's underlying value.