<h1>JOJO Ltd Announces Sub-division of Equity Shares from Rs. 10 to Rs. 5</h1>
JOJO Ltd, formerly known as Madhuveer Com Network Limited, has announced the sub-division of its equity shares. The company determined that every one equity share with a nominal face value of Rs. 10 will be converted into two equity shares each, with a new nominal face value of Rs. 5.
The corporate action involves the split of the existing equity structure to alter the face value of the security. This measure is intended to affect all shareholders regarding the capital restructuring.
Key details concerning the sub-division and the related timeline are presented below:
| Security Code | Type of Security | Record Date | Purpose |
|---|---|---|---|
| 531910 | Equity | Friday, August 7th, 2026 | Sub-division such that every one Equity Share with a nominal/face value of Rs. 10 will be sub-divided into two Equity Shares with a nominal/face value of Rs. 5 each. |
The record date for the sub-division of the company's equity shares has been set as Friday, August 7th, 2026. Shareholders are advised to take note of this operational update regarding the face value alteration.
Stock Price Movement
JOJO Ltd concluded its trading session on Friday, settling at ₹253.45, marking a strong gain of 3.11%. Throughout the day, the shares moved through an intraday range that spanned from a low of ₹241.05 to a high of ₹254.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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