JOJO Limited AGM: 1:1 bonus, ₹0.025 dividend in FY26

JOJO Limited reschedules 30th AGM to September 29

JOJO Limited has issued a formal notice for its 30th Annual General Meeting (AGM), scheduled for Tuesday, September 29, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Board had earlier rescheduled the AGM from September 18, 2026, citing administrative exigencies. The company said the revised AGM timeline aligns with the updated book closure plan. The notice sets out shareholder approvals required for routine business as well as corporate actions. Two items in focus are a 1:1 bonus share issue and a final dividend for FY26. The company has also proposed increasing authorised share capital to enable the bonus issue and future flexibility.

Record date set for dividend and bonus entitlement

JOJO Limited has fixed Tuesday, September 22, 2026 as the record date to determine shareholder eligibility for both the proposed final dividend and the bonus issue. For the dividend, the company stated that shareholders whose names appear in the Register of Members or in depository records on the record date will be eligible, subject to approval at the AGM. For the bonus, the proposal is to allot one new fully paid-up equity share for every one existing equity share held as on the same record date. Because both actions use the same record date, investors tracking entitlement will focus on September 22, 2026 in particular. The company has also disclosed book closure dates around this period in its AGM-related filings. These dates are relevant for share transfer processing and voting eligibility.

Final dividend proposal: ₹0.025 per share for FY26

The AGM notice includes a resolution to declare a final dividend of ₹0.025 per equity share for the financial year ended March 31, 2026 (FY26). The company described this as 0.5% of the face value of ₹5 per share. Dividend payment, if approved at the AGM, is to be made within 30 days in line with the Companies Act, 2013. The record date for dividend entitlement is September 22, 2026. The proposal requires shareholder approval and is not final until passed at the AGM. JOJO has positioned the dividend as part of the ordinary business agenda for the meeting.

Bonus issue plan: 1:1 shares and reserve capitalisation

JOJO Limited is seeking shareholder approval for a 1:1 bonus issue. Under the proposal, one new equity share of ₹5 each will be issued for every one existing share held on the record date of September 22, 2026. The company disclosed that the bonus issue would involve capitalising reserves amounting to ₹34.48 crore. Bonus issues typically increase the number of outstanding shares while keeping the overall value of shareholders’ holdings tied to market pricing after adjustment, but the company’s disclosure focuses on the mechanics and approvals required. The bonus issue is part of a broader set of resolutions being placed before shareholders at the AGM. The notice links the corporate action timetable to revised book closure and e-voting windows.

Authorised share capital to rise to ₹70 crore

One of the special business resolutions at the AGM is to increase authorised share capital from ₹38 crore to ₹70 crore. The notice specifies that the revised authorised capital would comprise 14 crore equity shares of ₹5 each. This step is commonly required when a company needs headroom to issue additional shares, including through a bonus issue. The proposed change is subject to shareholder approval at the AGM. The authorised capital increase, along with the bonus issue, was approved by the Board in its meeting on August 17, 2026, and is now being placed for shareholder consent.

Re-appointment of executive director and adoption of FY26 accounts

Apart from corporate actions, the AGM agenda includes routine statutory business. Shareholders will be asked to consider and adopt the standalone and consolidated audited financial statements for FY26 ended March 31, 2026. The notice also includes the re-appointment of Mr. Sagar Samir Shah as an Executive Director, retiring by rotation. These items are standard AGM resolutions, but they sit alongside the bonus and capital-related proposals which have drawn attention. The company has indicated that other agenda items and appointments approved at the August 17, 2026 board meeting remain valid.

Revised schedule, book closure and e-voting window

The AGM notice and related disclosures provide a revised timetable for the meeting and associated shareholder processes. The company has communicated a remote e-voting window starting September 26, 2026 and ending September 28, 2026, with the AGM on September 29, 2026 at 3:00 pm. It has also disclosed revised book closure dates in its filings, though the specific start and end dates appear in different disclosures.

A separate update also referenced a revised book closure period of September 24-30, 2026, and said e-voting details would be aligned with the new AGM date. Investors typically rely on the final AGM notice for definitive dates.

Company and compliance updates disclosed alongside AGM notice

JOJO Limited has disclosed that the appointment of Mrs. Rupal Patel, a practicing company secretary, as scrutinizer for the meeting remains unchanged. The company also stated that there was no deviation in the utilisation of ₹40 crore raised through a preferential issue of convertible warrants. These disclosures were presented alongside AGM-related updates and regulatory filings. Such statements are generally aimed at meeting ongoing disclosure expectations and providing comfort on the use of previously raised funds.

What the proposals mean for shareholders

For shareholders, the immediate decision points at the AGM are approval of the final dividend, the bonus issue, and the authorised capital increase. The record date of September 22, 2026 is central because it determines eligibility for the dividend and for bonus share entitlement. The dividend is small in absolute terms at ₹0.025 per share, but it is a formal distribution that still requires shareholder approval. The bonus issue would increase the number of shares held by eligible investors on a 1:1 basis, subject to the resolution being passed.

Key facts at a glance

Conclusion

JOJO Limited’s 30th AGM on September 29, 2026 is set to consider a 1:1 bonus issue, a final dividend of ₹0.025 per share for FY26, and an increase in authorised share capital to ₹70 crore. The key eligibility date disclosed for both dividend and bonus is September 22, 2026. Shareholder voting will take place through remote e-voting ahead of the AGM and through the VC/OAVM meeting process. The company has said that other AGM-related appointments, including the scrutinizer, remain unchanged following the rescheduling. The next confirmed step is shareholder voting on the listed resolutions at the AGM.