Stock split proposed: face value to halve from Rs 10 to Rs 5 per share

Board & Shareholder Meetings View source PDF

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AI summary

JOJO Limited seeks shareholder approval via postal ballot to split each equity share of face value Rs 10 into 2 shares of Rs 5 each. Issued shares will rise from about 3.44 crore to 6.89 crore while total paid-up capital stays unchanged at Rs 34.48 crore. The board cites improved liquidity and affordability for retail investors. E-voting runs from June 24 to July 24, 2026, with results by July 27. A second resolution alters the MOA capital clause to reflect the new face value.

Likely market impact

If approved, every 1 share of Rs 10 becomes 2 shares of Rs 5; total holding value and ownership percentage remain unchanged for shareholders.