Results of e-voting of Shareholders along with Scrutinizer''s Report
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Madhuveer Com 18 Network Limited (Scrip Code: 531910) conducted a postal ballot via remote e-voting from February 5, 2026 to March 7, 2026. Two special resolutions were passed with virtually unanimous approval (8 members voted in favour with 9,356,349 shares, 1 member voted against with just 1 share). Resolution 1 approved an increase in the company's Authorised Share Capital and the consequent alteration of the Memorandum of Association. Resolution 2 approved changing the company's name from 'Madhuveer Com 18 Network Limited' to 'JOJO Limited' along with corresponding amendments to the Memorandum and Articles of Association. Of 1,548 shareholders on the record date (January 30, 2026), only 9 participated, indicating extremely low voter turnout.
Both resolutions have been formally approved and will take effect, meaning the company will officially be known as JOJO Limited and will have a higher authorised share capital ceiling (enabling future fundraising or stock splits). The very thin turnout is notable but was sufficient for the special resolutions to pass. Shareholders should watch for the new name reflecting on BSE systems and any subsequent corporate actions tied to the expanded capital.