the board approved dividend
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 3.8 pts less 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 Limited) reported standalone total income of Rs. 48.15 crore and profit before tax of Rs. 8.90 crore for FY2026. The company declared a final dividend of Rs. 0.05 per share (0.5% on Rs. 10 face value) subject to shareholder approval. The balance sheet grew significantly from Rs. 38.40 crore to Rs. 76.84 crore year-on-year, driven partly by an acquisition of an online media streaming, film production, and digital content creation business from subsidiary Navkar Events Private Limited. The auditor issued an unmodified (clean) opinion on both standalone and consolidated results. No deviations were reported in the utilization of Rs. 4 crore raised through preferential warrant issuance.
The clean audit and dividend declaration signal financial stability, though the dividend yield is minimal given the small payout amount. Investors should note the company's significant expansion in total assets and entry into media/entertainment verticals, alongside a notable increase in trade receivables that warrants monitoring.