JOJO Limited AGM: FY26 Adopted, 1:1 Bonus Cleared

Meeting outcome: FY26 accounts, dividend, and bonus approved

JOJO Limited held its 30th Annual General Meeting (AGM) on September 29, 2026 through video conferencing and other audio-visual means. Shareholders adopted the audited financial statements for the financial year ended March 31, 2026 (FY26), along with the Board’s report and the Auditor’s report. The AGM also cleared a final dividend for FY26 and approved a bonus share issue.

The resolutions were part of both ordinary business and capital-related items placed before members. The company’s AGM outcomes also included director re-appointment and changes to capital structure, including an increase in authorised share capital and alteration of the Memorandum of Association (MOA).

How the virtual AGM was conducted

The meeting was conducted via VC/OAVM in line with applicable circulars issued by the Ministry of Corporate Affairs and SEBI, as disclosed by the company. The AGM commenced at 3:00 pm and concluded at 3:24 pm.

Mr. Dhravin Shah, Managing Director, chaired the meeting. Company Secretary Pushti Rajani confirmed the presence of the requisite quorum and oversaw procedural aspects of the virtual proceedings. The company also disclosed that no shareholder queries were raised during the meeting.

What shareholders voted on

Shareholders transacted multiple agenda items, including adoption of audited accounts and capital-related proposals. JOJO Limited’s disclosures listed five key resolutions as part of the AGM agenda.

These included the adoption of audited FY26 financial statements, the re-appointment of a director retiring by rotation, declaration of final dividend, an increase in authorised capital, and approval of bonus shares.

Dividend for FY26: record date and payout timeline

JOJO Limited had proposed a final dividend of ₹0.025 per equity share for FY26. The company described this as 0.5% of the face value of ₹5 per share. The record date disclosed for dividend eligibility was Tuesday, September 22, 2026, subject to shareholder approval at the AGM.

The company also stated that, upon declaration at the AGM, the final dividend would be paid within 30 days in accordance with the Companies Act, 2013. The dividend resolution was listed as an ordinary resolution.

Bonus shares: 1:1 issue and reserve capitalisation

A key item at the AGM was a proposed 1:1 bonus share issue. Under the proposal, one new fully paid-up equity share of ₹5 each would be issued for every one existing share held as on the record date of September 22, 2026.

JOJO Limited disclosed that the bonus issue would involve capitalising reserves amounting to ₹34.48 crore. Post-bonus, the paid-up equity share capital is expected to rise to ₹68.96 crore, divided into 13.79 crore equity shares.

Authorised share capital: increase to ₹70 crore

The AGM agenda included a resolution to increase authorised share capital from ₹38 crore to ₹70 crore. As per the notice details shared by the company, the revised authorised capital would comprise 14 crore equity shares of ₹5 each.

The capital increase was linked to an alteration of the MOA. The company disclosed that the authorised capital increase was taken up as an ordinary resolution at the AGM.

Director re-appointment approved

Shareholders approved the re-appointment of Mr. Sagar Samir Shah as Executive Director, retiring by rotation. The item was listed as an ordinary resolution and formed part of the routine business at the AGM.

JOJO Limited’s AGM also covered other ordinary business items as per the formal notice, including the adoption of reports accompanying the audited financial statements.

Voting process, notice dispatch, and audit observations

The notice for the 30th AGM, along with the audited financial statements for FY26, was emailed to registered shareholders by September 22, 2026, according to the company’s disclosure.

Remote e-voting was provided through National Securities Depository Limited (NSDL) and remained open from September 26 to September 28, 2026. Mrs. Rupal Patel, Practicing Company Secretary, served as the scrutinizer to oversee the voting process.

The audit report for FY26 contained no qualifications, reservations, or adverse remarks. JOJO Limited also said voting results were scheduled to be announced within 48 hours of the conclusion of the AGM and would be displayed on the company website, NSDL, and stock exchange platforms.

Key dates and AGM details at a glance

Capital and shareholder actions: numbers disclosed

Background: rescheduling of the AGM and book closure references

JOJO Limited had earlier rescheduled its 30th AGM from September 18, 2026 to September 29, 2026, citing administrative exigencies. The company also indicated that the book closure period was revised.

In its disclosures, references to the revised book closure period appeared in different forms: one update mentioned September 24 to September 30, while the AGM schedule table in the notice listed September 23 to September 29. The company’s central eligibility date for both the final dividend and the bonus issue remained September 22, 2026.

Company profile and other disclosed items

JOJO Limited is described as an India-based entertainment company involved in producing, buying, selling, importing, and exporting cinematographic and television films, managing studios and theatres, and distributing motion pictures and related rights. The company was formerly known as Madhuveer Com 18 Network Limited.

Separately, the disclosures also noted that JOJO Limited has executed an agreement with Samsung India Electronics Pvt. Ltd., without providing further detail in the provided information.

What happens next

With the AGM concluded and resolutions approved, the next near-term procedural step disclosed by the company was the publication of voting results within 48 hours of the meeting’s conclusion across the company website, NSDL, and stock exchange platforms.

For shareholders, the key operational milestones remain linked to the record date of September 22, 2026 for eligibility and the company’s stated timeline to pay the final dividend within 30 days of declaration, in line with the Companies Act, 2013.