Sub-division of the face value of each Equity Share of the Company from Rs 10/- (Rupees Ten only) each to Rs 5/~ (Rupees Five only) each.

The board of JOJO Limited (formerly Madhuveer Com 18 Network Limited) approved a sub-division (stock split) of equity shares on June 10, 2026. Each existing equity share of face value Rs 10 will be split into 2 equity shares of face value Rs 5 each. As a result, paid-up shares will rise from about 3.44 crore to around 6.89 crore, while total paid-up capital remains unchanged at roughly Rs 34.48 crore. The company says the move aims to boost liquidity in the stock and attract wider public participation. Shareholder approval will be sought via a postal ballot, the record date will be announced later, and the process is expected to be completed within 3 months.